Filing Details
- Accession Number:
- 0000905148-21-000502
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-06-10 17:38:19
- Reporting Period:
- 2021-06-08
- Accepted Time:
- 2021-06-10 17:38:19
- 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 |
|---|---|---|---|---|---|---|---|
| 1814457 | L Joshua Glover | 6770 Parker Farm Drive Suite 200 Wilmington NC 28405 | Chief Revenue Officer | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-06-08 | 20,000 | $4.98 | 128,675 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-06-08 | 20,000 | $62.74 | 108,675 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2021-06-08 | 13,593 | $0.00 | 122,268 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-06-09 | 6,184 | $62.28 | 116,084 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2021-06-08 | 20,000 | $0.00 | 20,000 | $4.98 |
| Common Stock | Restricted Stock Units | Disposition | 2021-06-08 | 13,593 | $0.00 | 13,593 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 132,058 | 2027-02-01 | No | 4 | M | Direct | |
| 40,782 | 2027-06-08 | No | 4 | M | Direct |
Footnotes
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- 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).
- 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.
- 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.
- 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.
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