Form 4: nCino Executive Sean Desmond Exercises Stock Options
SEC Form 4 Filing
Sean Desmond, Chief Customer Success Officer of nCino, Inc., exercised stock options for 10,500 shares at $4.98 on March 13, 2024.
Summary
- On March 13, 2024, Sean Desmond, the Chief Customer Success Officer of nCino, Inc., exercised stock options to acquire 10,500 shares of common stock at a price of $4.98 per share.
- Following this transaction, Desmond directly owns 315,265 shares of nCino common stock.
- Desmond also directly owns 235,276 derivative securities in the form of stock options.
- The exercised stock options were granted with an exercise price of $4.98 and became exercisable on February 1, 2027.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an executive's stock option exercise. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 02/01/2027 | Date the stock options became exercisable. |
| 03/13/2024 | Date of the stock option exercise. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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