Desmond Sean 4

What Happened Desmond Sean, nCino's CEO, President and a director, exercised 8,064 options at $4.98 per share (cost $40,159) on 2026-06-03 and sold those 8,064 shares the same day in an open-market transaction for $16.26 per share (proceeds $131,121). The filing also lists a derivative disposition line at $0 related to the exercise/conversion event.

Key Details

• Transaction date(s): 2026-06-03; Form 4 filed 2026-06-05.
• Exercise: 8,064 shares @ $4.98 = $40,159 (code M; option is exercisable per footnote F2).
• Sale: 8,064 shares @ $16.26 = $131,121 (code S).
• Derivative line: 8,064 shares listed as disposed at $0, reflecting the exercise/conversion step.
• Plan/notes: Trades were effected under a Rule 10b5-1 trading plan adopted Jan 6, 2026 (footnote F1).
• Shares owned after transaction: not specified in the provided filing details.
• Timeliness: Filed two days after the transactions (consistent with Form 4 reporting windows).

Context Because the options were exercised and the same shares were sold on the same day, this is effectively an exercise-and-sell transaction (common for option holders to realize gains and manage tax/holding obligations). The use of a 10b5-1 plan indicates the sales were preplanned and automated rather than ad hoc. This is a sale (cashing out gains) rather than a purchase signal.