Joshua L. Glover - Jun 8, 2021 Form 4 Insider Report for NCINO, INC. (NCNO)

Role: Chief Revenue Officer
Signature: /s/ Jeanette Sellers, Attorney-in-Fact for Joshua L. Glover
Stock symbol: NCNO
Transactions as of: Jun 8, 2021
Transactions value $: -$1,540,364
Form type: 4
Date filed: 6/10/2021, 05:38 PM
Next filing: Aug 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NCNO	Common Stock	Options Exercise	$99.6K	+20K	+18.4%	$4.98^*	129K	Jun 8, 2021	Direct
transaction	NCNO	Common Stock	Sale	-$1.25M	-20K	-15.54%	$62.74^*	109K	Jun 8, 2021	Direct	F1, F2
transaction	NCNO	Common Stock	Options Exercise		+13.6K	+12.51%		122K	Jun 8, 2021	Direct	F4
transaction	NCNO	Common Stock	Sale	-$385K	-6.18K	-5.06%	$62.28^*	116K	Jun 9, 2021	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NCNO	Stock Option (Right to Buy)	Options Exercise	$0	-20K	-13.15%	$0.00	132K	Jun 8, 2021	Common Stock	20K	$4.98	Direct	F3
transaction	NCNO	Restricted Stock Units	Options Exercise	$0	-13.6K	-25%	$0.00	40.8K	Jun 8, 2021	Common Stock	13.6K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2	The price reported in Column 4 is a weighted average price. The shares of common stock of the Issuer ("Share") were sold in multiple transactions at prices ranging from $62.50 to $62.87, inclusive. The reporting person undertakes to provide to nCino, Inc., any security holder of nCino, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).
F3	This option vests in four equal annual installments starting on February 1, 2018, subject to the reporting person's continued employment through the applicable vesting date. This option fully vests and becomes exercisable upon a change in control of the Issuer.
F4	Each restricted stock unit ("RSU") represents a contingent right to receive one Share or, in the Issuer's discretion, an amount of cash equal to the fair market value of the Shares represented by the RSUs on the payment date. These RSUs vest in four equal annual installments starting on June 8, 2021, subject to the reporting person's continued employment through the applicable vesting date. These RSUs fully vest upon a change in control of the Issuer.
F5	These sales 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.