Desmond Sean 4

What Happened

• Desmond Sean, CEO, President and a director of nCino (NCNO), exercised options to acquire 8,065 shares at $4.98 per share (cost $40,164) and sold 16,589 shares in an open-market transaction at $18.04 per share (proceeds $299,266) on May 5, 2026. The Form 4 also reports a derivative disposition of 8,065 shares with a $0.00 price (recorded separately on the form).

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (filed on time).
• Exercise: 8,065 shares exercised at $4.98 (total $40,164).
• Open-market sale: 16,589 shares sold at $18.04 (total $299,266).
• Derivative disposition: 8,065 shares reported at $0.00 (listed separately on the form).
• Footnotes: Trades were effected pursuant to a Rule 10b5-1 trading plan adopted Jan 6, 2026 (F1). The option exercised is currently exercisable (F2).
• Shares owned after the transactions: not specified in the provided filing details.

Context

• The insider both exercised options and sold shares the same day; the $0.00 derivative line is a Form 4 reporting detail and may reflect how the exercised interests were recorded, but the filing does not explain any netting or withholding specifics. Because the sales were executed under a pre-established 10b5-1 plan, they were pre-arranged trading instructions rather than ad hoc trades. Purchases (option exercises) can be read as acquisition activity, but sales under a plan are often routine and do not by themselves indicate management sentiment.