Rieger April 4
Research Summary
AI-generated summary
nCino (NCNO) Chief Legal Officer April Rieger Sells 8,078 Shares
What Happened
- April Rieger, nCino's Chief Legal & Administrative Officer and corporate secretary, sold 8,078 shares on Feb 3, 2026 at $18.68 per share, generating roughly $150,913. This was a sale (not a purchase) reported on Form 4.
Key Details
- Transaction date and price: 2026-02-03 at $18.68 per share
- Shares sold: 8,078; proceeds reported as $150,913
- Transaction type: Sale (open market or private sale per filing)
- Shares owned after transaction: Not disclosed in this filing
- Footnote: The sale was a "sale to cover" tax withholding due upon vesting of RSUs and was mandated by nCino’s equity plans (not a discretionary trade by the reporting person)
- Filing timeliness: No late-filing indicator provided in the reported details
Context
- "Sales to cover" are routine administrative transactions used to satisfy tax withholding on vested restricted stock units; they generally do not signal insider sentiment about the company.