SCHEDULE: Vanguard Group Reports Zero nCino Stake Post-Realignment

The Vanguard Group has reported zero beneficial ownership in nCino Inc following an internal realignment that disaggregates its reporting from certain subsidiaries.

Summary

• The Vanguard Group filed an Amendment No. 6 to Schedule 13G for nCino Inc, reporting 0% beneficial ownership of Common Stock.
• The aggregate amount beneficially owned by The Vanguard Group is 0 shares, representing 0% of the class.
• This change is due to an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538 (January 12, 1998).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a procedural update from The Vanguard Group regarding its internal reporting structure and does not reflect positively or negatively on nCino Inc's operational or financial performance.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a 240.14a-11 nomination."

Industry Context

StockSavvy.ai notes that this filing primarily reflects a procedural change in how The Vanguard Group reports its beneficial ownership due to an internal corporate realignment. It does not indicate a strategic shift in investment thesis regarding nCino Inc's industry position or performance, but rather a change in reporting methodology for a major institutional investor.

Stakeholder Impact

• Shareholders of nCino Inc may note the change in reporting by a major institutional investor, but it does not imply a divestment based on nCino's performance, thus the direct impact is minimal.

Key Dates

Keywords

Vanguard Group, nCino Inc, Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Investor, Reporting Change, Internal Realignment