NCNO.NASDAQNcino, INC

Form 4: nCino Executive Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report

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April Rieger, nCino's Chief Legal & Administrative Officer, sold 6,018 shares of common stock to cover tax withholding on RSU vesting.

Summary

  • April Rieger, Chief Legal & Administrative Officer and Secretary of nCino, Inc. (NCNO), reported a transaction.
  • On September 15, 2025, Rieger disposed of 6,018 shares of nCino common stock.
  • The shares were sold at a price of $30.404 per share.
  • The sale was a non-discretionary transaction, mandated by nCino's equity incentive plans to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
  • Following this transaction, Rieger beneficially owns 234,505 shares of nCino common stock.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary sale of shares to cover tax withholding obligations upon RSU vesting, which is a routine event and does not reflect a positive or negative discretionary sentiment towards the company's stock.

Future Outlook

NA

Management Comments

  • These shares were sold to cover tax withholding due upon vesting of RSUs. Such 'sales to cover' are mandated by the Issuer's equity incentive plans to satisfy tax withholding obligations and do not represent a discretionary trade by the reporting person.

Industry Context

NA

Stakeholder Impact

  • Minimal impact on shareholders as it represents a routine, non-discretionary sale for tax purposes related to RSU vesting.

Key Dates

DateDescription
09/15/2025Date of transaction where shares were disposed.
09/17/2025Date the Form 4 was filed with the SEC.

Recommendation

hold

The reported transaction is a non-discretionary sale of shares by an executive solely to cover tax withholding obligations upon the vesting of Restricted Stock Units. This is a routine and expected event in executive compensation and does not reflect a change in the executive's discretionary investment sentiment or the company's fundamental outlook. Therefore, it does not provide a basis for altering an existing investment recommendation.

Keywords

nCino, NCNO, April Rieger, Form 4, insider transaction, stock sale, RSU vesting, tax withholding, equity incentive plan, beneficial ownership

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