Orenstein Gregory 4

What Happened Gregory Orenstein, CFO and Treasurer of nCino, sold 8,840 shares on April 2, 2026. The shares were disposed at $16.75 each for total gross proceeds of $148,105. This was a sale to satisfy tax withholding on vested restricted stock units (RSUs), not a discretionary stock-sale decision.

Key Details

• Transaction date: 2026-04-02; filing date: 2026-04-03 (timely).
• Transaction type/codes: Sale (S); footnote indicates tax-withholding related sale (F).
• Price and value: 8,840 shares × $16.75 = $148,105.
• Reason: Footnote F1 — sale was mandated by the issuer’s equity incentive plan to cover tax withholding on RSU vesting.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Filing timeliness: Report appears timely (filed the next day).

Context Sales made solely to cover tax withholding on vested awards are common and are generally treated as administrative, not an indicator of the insider’s view of the company’s stock. For retail investors, purchases tend to be more informative about insider sentiment than routine withholding sales.