Desmond Sean 4

What Happened
Desmond Sean, CEO, President and a director of nCino, sold 5,747 shares of NCNO on 2026-04-02 at $16.75 per share, for a total value of approximately $96,285. The Form 4 reports this as a sale (S) and the filing was made the next day (filed 2026-04-03).

Key Details

• Transaction date and price: 2026-04-02 at $16.75 per share.
• Shares sold: 5,747; proceeds ≈ $96,285.
• Shares owned after transaction: Not specified in the filing.
• Footnote (F1): The shares were sold to satisfy tax withholding due upon RSU vesting ("sale to cover") and were mandated by the issuer's equity plans — not a discretionary trade by the insider.
• Filing timeliness: Form 4 filed on 2026-04-03 (timely within SEC rules).

Context
"Sales to cover" are common when restricted stock units vest and are required to satisfy tax withholding; they are generally considered routine and do not necessarily indicate the insider's view on the company's prospects. No 10b5-1 plan or other trading program is referenced in the filing.