Desmond Sean 4

What Happened Desmond Sean, CEO, President and a director of nCino (NCNO), exercised options to acquire 8,064 shares (exercise price $4.98, cost $40,159) on July 6, 2026 and sold those 8,064 shares in an open-market sale at $17.47 per share for proceeds of $140,878. The transaction resulted in approximate net proceeds of $100,719 before taxes and fees. The Form 4 also shows a technical derivative conversion entry related to the exercise.

Key Details

• Transaction date: July 6, 2026 (Filed July 8, 2026) — filing appears timely (within the standard 2 business days).
• Option exercise: 8,064 shares exercised at $4.98 each = $40,159 (code M).
• Sale: 8,064 shares sold at $17.47 each = $140,878 (code S).
• Net proceeds (sale minus exercise cost): ≈ $100,719 (before taxes/fees).
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes: F1 — trades were effected under a Rule 10b5-1 trading plan adopted Jan 6, 2026; F2 — the option exercised was currently exercisable.
• Transaction codes: M = option exercise/conversion; S = sale.

Context This was an exercise of options followed by an immediate public sale of the resulting shares — commonly a cashless exercise pattern. The sale was executed under a pre-established 10b5-1 trading plan, which is a planned, rule-compliant method insiders use to sell shares and can indicate the trades were prearranged rather than a discretionary sell based on recent company developments. As always, these insider transactions are factual disclosures and should not be taken alone as a buy/sell recommendation.