Form 4: nCino SVP Jeanette Sellers Reports Stock Transactions

nCino SVP of Accounting Jeanette Sellers acquired 15,446 restricted stock units and sold 1,486 shares to cover tax obligations.

Summary

• Jeanette Sellers, SVP of Accounting at nCino, Inc., acquired 15,446 restricted stock units (RSUs) on May 1, 2026.
• The reporting person sold 1,486 shares of common stock on May 4, 2026, at a price of $18.015 per share.
• Following these transactions, the reporting person holds 54,571 shares of nCino common stock.
• The RSUs vest in sixteen equal quarterly installments beginning August 1, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is purely administrative and related to tax obligations rather than a discretionary market move.

Positives

• The acquisition of 15,446 RSUs indicates long-term alignment between the executive and the company's performance.

Negatives

• The sale of 1,486 shares, while mandatory for tax purposes, reduces the total direct holdings of the executive.

Risks

• Vesting of RSUs is contingent upon the reporting person's continued employment with the issuer.

Future Outlook

The RSUs are scheduled to vest in sixteen equal quarterly installments starting August 1, 2026, provided the reporting person remains employed by the company.

Management Comments

• The sale of shares was mandated by the Issuer's equity incentive plans to satisfy tax withholding obligations and does not represent a discretionary trade.

Industry Context

StockSavvy.ai notes that 'sell-to-cover' transactions are standard administrative procedures for corporate executives and do not typically signal a change in sentiment regarding the company's outlook.

Comparison to Industry Standards

• The transaction structure is consistent with standard executive compensation and tax compliance practices observed in the SaaS and fintech sectors.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax-related sale.

Next Steps

• Quarterly vesting of RSUs beginning August 1, 2026.

Key Dates

Keywords

nCino, NCNO, Form 4, Insider Trading, Restricted Stock Units, SVP of Accounting