nCino CEO Sean Desmond Exercises Options, Sells 8,064 Shares

What Happened

• Sean Desmond (CEO & President, Director) exercised 8,064 stock options at $4.98 per share (total cost $40,159) and sold the 8,064 shares the same day at $23.66 per share for proceeds of $190,794. The net pre-tax gain on the transactions was about $150,635.
• The transactions occurred on September 3, 2026 and were reported on a Form 4 filed September 8, 2026.

Key Details

• Transaction date: 2026-09-03. Filing date: 2026-09-08 (appears to be one business day late vs. the two-business-day Form 4 deadline).
• Exercise: 8,064 shares acquired at $4.98 each (total $40,159).
• Sale: 8,064 shares sold at $23.66 each (total $190,794).
• Additional Form 4 line shows a derivative disposition of 8,064 shares at $0 — consistent with an exercise followed by an immediate sale/settlement.
• Footnotes: (F1) Sales were effected pursuant to a Rule 10b5-1 trading plan adopted January 6, 2026. (F2) The option exercised is currently exercisable.
• Shares owned following the transactions are not reported in the information provided here.

Context

• This sequence (exercise of options followed by an immediate sale) is commonly a cashless exercise: the insider exercises options and sells the resulting shares, often to cover the exercise cost and taxes. The presence of a 10b5-1 plan indicates the sales were pre-scheduled.
• Sales are often routine and don’t necessarily signal a change in an insider’s view; purchases typically carry more weight as a bullish signal.