Form 4: nCino VP of Accounting, Jeanette Sellers, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeanette Sellers, VP of Accounting at nCino, Inc., sold 105 shares of common stock on November 4, 2024, to cover tax withholding obligations related to vesting RSUs.
Summary
- On November 4, 2024, Jeanette Sellers, the VP of Accounting at nCino, Inc. (NCNO), sold 105 shares of the company's common stock.
- The sale was executed at a price of $36.984 per share.
- The transaction was conducted to cover tax withholding obligations arising from the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Sellers beneficially owns 23,320 shares of nCino common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale to cover taxes) and doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales to cover are a common practice when employees receive equity compensation, especially RSUs. This ensures that employees can meet their tax obligations without having to use other funds.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of the stock sale transaction. |
| 11/06/2024 | Date of signature on the Form 4 filing. |
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