nCino (NCNO) CFO Gregory Orenstein Sells 11,780 Shares

What Happened Gregory Orenstein, nCino's Chief Financial Officer and Treasurer, sold 11,780 shares of NCNO common stock in an open-market transaction on August 4, 2026. The shares were disposed at $19.22 per share for total proceeds of $226,388. This sale was a "sale to cover" to satisfy tax withholding on vested RSUs and was not a discretionary trade by the reporting person.

Key Details

• Transaction date: 2026-08-04; Price: $19.22 per share; Shares sold: 11,780; Proceeds: $226,388.
• Transaction type: Sale (code S); footnote F1: sale was to cover tax withholding on RSU vesting as mandated by the issuer's equity incentive plans.
• Filing date: 2026-08-06 — appears to be timely (filed within two business days of the transaction).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context

• "Sales to cover" are common when restricted stock units vest and the issuer requires tax withholding; they generally do not indicate insider sentiment about the company.
• This was not an option exercise or a gift; it was a mandated withholding sale related to RSU vesting.