Desmond Sean 4

What Happened

Desmond Sean, CEO & President and a director of nCino (NCNO), sold 16,047 shares on Feb 3, 2026 at $18.68 per share, generating proceeds of $299,790. The sale was reported on a Form 4 filed Feb 5, 2026. This was a sale to cover tax withholding on vested restricted stock units (RSUs), a routine, non-discretionary transaction.

Key Details

• Transaction date and price: 2026-02-03 at $18.68 per share (16,047 shares; $299,790 total).
• Transaction type/code: Sale (S).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Sale was a mandated "sell to cover" to satisfy tax withholding upon RSU vesting (per issuer equity plan); not a discretionary trade by the reporting person.
• Timeliness: Form 4 filed Feb 5, 2026 for a Feb 3 transaction (filed within the standard two-business-day window).

Context

"Sales to cover" are common when RSUs vest and are required to meet tax withholding obligations; they generally do not signal a change in insider conviction. No 10b5-1 plan or other trading plan was indicated in the provided details.