Form 4: nCino VP of Accounting, Jeanette Sellers, Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Jeanette Sellers, VP of Accounting at nCino, Inc., sold shares of common stock to cover tax withholding obligations and pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Jeanette Sellers, VP of Accounting at nCino, Inc., reported the sale of company common stock.
• On April 8, 2025, she sold 228 shares at a price of $22.309 per share.
• On April 9, 2025, she sold 583 shares at a price of $22.09 per share.
• The sales on April 8th were to cover tax withholding due upon vesting of RSUs, as mandated by nCino's equity incentive plans.
• The sales on April 9th were effected pursuant to a Rule 10b5-1 trading plan adopted on December 6, 2024.
• Following these transactions, Sellers beneficially owns 18,288 shares of nCino common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Sales by company insiders are a common occurrence, especially to cover tax obligations related to vesting equity. The use of 10b5-1 plans allows insiders to sell shares at predetermined times to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates

Keywords

nCino, Jeanette Sellers, Form 4, insider trading, Rule 10b5-1, stock sale, VP of Accounting, NCNO, equity incentive plans, tax withholding