Gregory Orenstein - Aug 23, 2024 Form 4 Insider Report for nCino, Inc. (NCNO)

Signature
/s/ Jeanette Sellers, Attorney-in-fact for Gregory Orenstein
Stock symbol
NCNO
Transactions as of
Aug 23, 2024
Transactions value $
-$1,355,807
Form type
4
Date filed
8/26/2024, 04:38 PM
Previous filing
Jun 13, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NCNO Common Stock Options Exercise $225K +45.1K +16.29% $4.98 322K Aug 23, 2024 Direct F1
transaction NCNO Common Stock Sale -$1.58M -45.1K -14.01% $35.03 277K Aug 23, 2024 Direct F1, 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 Options (Right to Buy) Options Exercise $0 -45.1K -90.23% $0.00 4.89K Aug 23, 2024 Common Stock 45.1K $4.98 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 16, 2024.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $35.00 to $35.15, 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 is currently exercisable.