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Filing Details

Accession Number:: 0001140361-21-001125
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-13 21:44:40
Reporting Period:: 2021-01-11

Accepted Time:: 2021-01-13 21:44:40
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1566895	Ncino Inc.	NCNO	Services-Prepackaged Software (7372)	453806440

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1815157	Trisha Price	6770 Parker Farm Drive, Suite 200 Wilmington NC 28405	Chief Product Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-01-11	12,500	$0.00	105,243	No	4	M	Direct
Common Stock	Acquisiton	2021-01-11	17,142	$0.00	122,385	No	4	M	Direct
Common Stock	Acquisiton	2021-01-11	25,000	$0.00	147,385	No	4	M	Direct
Common Stock	Disposition	2021-01-11	42,142	$71.53	105,243	No	4	S	Direct
Common Stock	Disposition	2021-01-12	5,767	$70.34	99,476	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2021-01-11	12,500	$0.00	12,500	$0.00
Common Stock	Stock Option (Right to Buy)	Disposition	2021-01-11	17,142	$0.00	17,142	$4.50
Common Stock	Stock Option (Right to Buy)	Disposition	2021-01-11	20,080	$0.00	20,080	$4.98
Common Stock	Stock Option (Right to Buy)	Disposition	2021-01-11	4,920	$0.00	4,920	$4.98

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
37,500	2026-08-15	No	4	M	Direct
60,001	2026-10-01	No	4	M	Direct
0	2027-02-01	No	4	M	Direct
87,500	2027-02-01	No	4	M	Direct

Footnotes

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 August 1, 2020, subject to the reporting person's continued employment through the applicable vesting date, and provided that no RSUs can be settled until after the expiration of the lock-up period established in connection with the Issuer's initial public offering. These RSUs fully vest upon a change in control of the Issuer.
This option vests in four equal annual installments starting on October 1, 2017, 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.
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.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging between $71.35 to $71.85. 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 (4).
These sales were sold to cover tax withholding due upon vesting 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.