Naude Pierre 4

What Happened

• Director Naude Pierre sold 22,700 shares of nCino (NCNO) on 2026-04-02 at $16.75 per share, generating gross proceeds of $380,316. The reported disposition is coded as a sale (S).

Key Details

• Transaction date and price: 2026-04-02, 22,700 shares at $16.75 each.
• Total proceeds: $380,316 (before any fees or tax remittance).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The sale was a "sale to cover" taxes prompted by RSU vesting and mandated by nCino's equity plan (not a discretionary open-market trade).
• Filing date: Form 4 filed 2026-04-03 covering the 2026-04-02 transaction — appears timely based on the filing and report dates.

Context

• "Sales to cover" are routine: they occur when vested restricted stock units (RSUs) trigger tax withholding and the company or broker sells shares to satisfy that obligation. Such transactions generally do not signal the insider's view on the company's prospects the way a voluntary open-market sale or purchase might.
• For retail investors: purchases and voluntary sales tend to carry more informational weight than mandated tax-withholding sales.