Form 4: nCino Executive Sean Desmond Sells Shares to Cover Tax Obligations
SEC Form 4
Sean Desmond, Chief Customer Success Officer of nCino, Inc., sold 2,362 shares of common stock to cover tax withholding obligations related to vesting RSUs.
Summary
- On April 8, 2024, Sean Desmond, the Chief Customer Success Officer of nCino, Inc., sold 2,362 shares of nCino's common stock.
- The shares were sold at a price of $34.413 per share.
- The sale was executed to cover tax withholding obligations arising from the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Desmond directly owns 366,407 shares of nCino common stock.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (sale of shares to cover taxes). It's neutral in tone and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally viewed as a routine part of equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of the stock sale transaction. |
| 04/10/2024 | Date of signature on the Form 4 filing. |
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