Form 4: nCino Executive Sells Shares for Tax Obligations
Insider Transaction Report
nCino's Chief Legal & Administrative Officer, April Rieger, sold 4,731 shares of common stock to cover tax withholding related to RSU vesting.
Summary
- April Rieger, nCino's Chief Legal & Administrative Officer and Secretary, reported a transaction involving the company's common stock.
- On November 4, 2025, Rieger disposed of 4,731 shares of nCino common stock at a price of $25.813 per share.
- The total value of the shares sold was approximately $122,160.00.
- This sale was explicitly stated as a 'sale to cover' tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
- The transaction was mandated by the Issuer's equity incentive plans and does not represent a discretionary trade by the reporting person.
- Following this transaction, April Rieger beneficially owns 229,774 shares of nCino common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary sale of shares to cover tax obligations upon RSU vesting, which is a neutral event and does not indicate a change in company performance or management sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Management Comments
- The 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
This Form 4 filing reports a routine insider transaction for tax purposes and does not provide information that directly relates to broader industry trends or competitive landscape analysis.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 11/04/2025 | Date of the reported transaction where shares were sold. |
| 11/06/2025 | Date the Form 4 was signed by the attorney-in-fact for April Rieger. |
Keywords
nCino, NCNO, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, April Rieger
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