Form 4: nCino SVP Sells Shares for Tax Obligations

nCino's SVP of Accounting, Jeanette Sellers, sold 640 shares of common stock for $25.813 each to cover tax withholding on RSU vesting.

Summary

• Jeanette Sellers, SVP of Accounting at nCino, Inc. (NCNO), reported the sale of 640 shares of common stock.
• The transaction occurred on November 4, 2025, at a price of $25.813 per share.
• The sale was executed to cover tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
• This was a mandated 'sale to cover' and not a discretionary trade by the reporting person.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.
• Following the sale, Jeanette Sellers directly beneficially owns 48,238 shares of nCino common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary sale of shares by an insider to cover tax obligations related to RSU vesting, which is a neutral event with no direct positive or negative implications for the company's performance or outlook.

Positives

• No direct positives for the company's operational or financial performance are indicated by this routine, tax-mandated transaction.

Negatives

• No direct negatives for the company's operational or financial performance are indicated by this routine, tax-mandated transaction.

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.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not indicative of management's sentiment towards the company's future.

Key Dates

Keywords

nCino, NCNO, Insider Trading, Form 4, Stock Sale, RSU Vesting, Tax Withholding, Jeanette Sellers