Pierre Naude - Jun 8, 2021 Form 4 Insider Report for NCINO, INC. (NCNO)

Signature
/s/ Jeanette Sellers, Attorney-in-Fact for Pierre Naude
Stock symbol
NCNO
Transactions as of
Jun 8, 2021
Transactions value $
-$907,042
Form type
4
Date filed
6/10/2021, 05:39 PM
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NCNO Common Stock Options Exercise +32K +3.15% 1.05M Jun 8, 2021 Direct F1
transaction NCNO Common Stock Sale -$907K -14.6K -1.39% $62.28* 1.03M Jun 9, 2021 Direct F2

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 Restricted Unit Options Exercise $0 -32K -25% $0.00 96K Jun 8, 2021 Common Stock 32K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer ("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.
F2 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.