Sellers Jeanette 4

What Happened

• Jeanette Sellers, Senior Vice President of Accounting at nCino (NCNO), sold a total of 3,512 shares in two open-market transactions. On 2026-02-03 she sold 1,330 shares at $18.68 ($24,847) and on 2026-02-04 she sold 2,182 shares at $18.26 ($39,843), for combined proceeds of approximately $64,690. These were sales (not purchases), which are often routine rather than a bullish signal.

Key Details

• Transaction dates and prices:
  • 2026-02-03: 1,330 shares @ $18.68 = $24,847
  • 2026-02-04: 2,182 shares @ $18.26 = $39,843
• Total shares sold: 3,512; total proceeds: ≈ $64,690.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes in the filing:
  • F1: Shares were sold to cover tax withholding due on RSU vesting (sales-to-cover mandated by the issuer’s equity plan).
  • F2: Sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on Sept 16, 2025.
• Filing timeliness: Report filed 2026-02-05 for transactions on 2026-02-03 and 2026-02-04 — appears timely (no late filing indicated).

Context

• "Sales to cover" are typically automatic to satisfy tax withholding when RSUs vest and are not discretionary bets on the stock. A 10b5-1 plan indicates the sales were prearranged according to a trading plan adopted in September 2025. These factors suggest routine administrative disposition rather than a direct signal about management’s view of the company.