Filing Details

Accession Number:
0001140361-21-001126
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-01-13 21:45:18
Reporting Period:
2021-01-11
Accepted Time:
2021-01-13 21:45:18
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 2021-01-11 12,500 $0.00 70,841 No 4 M Direct
Common Stock Acquisiton 2021-01-11 14,678 $2.45 85,519 No 4 M Direct
Common Stock Acquisiton 2021-01-11 25,322 $4.98 110,841 No 4 M Direct
Common Stock Disposition 2021-01-11 40,000 $70.34 70,841 No 4 S Direct
Common Stock Disposition 2021-01-12 3,866 $70.34 66,975 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
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 14,678 $0.00 14,678 $2.45
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 5,242 $0.00 5,242 $4.98
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
37,500 2026-08-15 No 4 M Direct
0 2025-08-01 No 4 M Direct
0 2027-02-01 No 4 M Direct
192,138 2027-02-01 No 4 M Direct
Footnotes
  1. 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.
  2. This option vested in four equal annual installments starting on August 1, 2016.
  3. 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.
  4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $70.00 to $70.90, 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 (4).
  5. These sales were sold to cover tax withholding due upon vesting of restricted stock units. 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.