Rieger April 4

What Happened

• April Rieger, Chief Legal & Administrative Officer and Secretary of nCino (NCNO), sold 5,747 shares in an open-market/plan-directed transaction on 2026-04-02 at $16.75 per share, totaling $96,285. The filing lists the transaction as a sale (code S).

Key Details

• Transaction date and price: 2026-04-02 at $16.75 per share.
• Shares sold / value: 5,747 shares for $96,285.
• Filing date: Form 4 filed 2026-04-03 (appears timely).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The sale was a "sale to cover" for tax withholding upon RSU vesting (Footnote F1). This type of sale is mandated by the issuer's equity plan to satisfy taxes and is not a discretionary trade by the insider.

Context

• "Sale to cover" transactions are routine administrative sales to meet tax obligations when restricted stock units vest; they generally do not signal a change in the insider's view of the company. Purchases by insiders tend to be more informative about insider sentiment than mandatory tax-withholding sales.