nCino (NCNO) Director Naude Pierre Sells 35,650 Shares

What Happened Naude Pierre, a director of nCino, reported a sale of 35,650 shares on 2026-05-04 at $18.02 per share, yielding about $642,235. The transaction is reported as an open market or private sale (code S) and was done to satisfy tax withholding obligations related to vested restricted stock units (RSUs), not as a discretionary investment decision.

Key Details

• Transaction date: 2026-05-04; Filing date: 2026-05-05 (timely filing).
• Price per share: $18.02; Shares sold: 35,650; Gross proceeds: ~$642,235.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — sale was to cover tax withholding due upon RSU vesting; mandated by the issuer’s equity incentive plans and not a discretionary trade.
• Transaction type: S = Sale (reported as open market or private sale).

Context Sales to cover taxes on vesting awards are common and generally routine; they reflect tax obligations rather than a signal about the director’s view of the company. This filing does not indicate additional insider purchases or other derivative actions.