NCNO insider files Form 144 to sell 509,432 shares via Merrill Lynch

Rhea-AI Filing Summary

nCino, Inc. (NCNO) filed a Form 144 notifying a proposed sale of 509,432 shares of common stock through Merrill Lynch on Nasdaq with an approximate aggregate market value of $15,486,732.80. The filing shows the shares were acquired on 06/15/2020 in a private placement from the issuer and were paid in cash on the same date. The company reports 115,814,720 shares outstanding. No securities were reported sold by the filer in the past three months. The signer represents they are not aware of any undisclosed material adverse information about the issuer.

Positive

• Full disclosure of the proposed sale through a named broker (Merrill Lynch) in compliance with Rule 144
• Acquisition details provided: shares were acquired in a private placement on 06/15/2020 and paid in cash
• No reported sales by the filer in the past three months, reducing aggregation complexity

Negative

• Insider sale of 509,432 shares represents potential near-term selling pressure
• Material nonpublic information reliance is asserted by the signer but cannot be independently verified from this filing

Insights

Securities Analyst

TL;DR: Insider intends to sell ~0.44% of outstanding shares via broker; transaction is disclosed and originates from a 2020 private placement.

The filer proposes to sell 509,432 shares valued at about $15.49 million on Nasdaq through Merrill Lynch. The shares were acquired in a private placement from the issuer on 06/15/2020 and paid for in cash. The filing explicitly states no sales in the prior three months. The size of the proposed sale equals approximately 0.44% of outstanding shares (509,432 of 115,814,720), which is modest relative to total float but could be relevant for near-term supply. The disclosure follows Rule 144 procedures and includes the required representation regarding material nonpublic information.

Corporate Governance Expert

TL;DR: Proper Rule 144 notice filed; sale stems from prior private placement and includes required attestation about material information.

The submission documents compliance with Rule 144 filing requirements: identification of broker (Merrill Lynch), acquisition details (private placement, 06/15/2020), and payment method (cash). The absence of reported sales in the past three months simplifies aggregation considerations. The attestation that the seller is unaware of undisclosed material adverse information aligns with standard certifications on Form 144. From a governance perspective, the filing is routine and transparent.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Merrill Lynch Pierce Fenner and Smith One Bryant Park New York NY 10036	509432	15486732.80	115814720	09/08/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	06/15/2020	Private Placement	Issuer			509432	06/15/2020	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does nCino's (NCNO) Form 144 report?

The filing reports a proposed sale of 509,432 common shares on Nasdaq through Merrill Lynch with an aggregate market value of $15,486,732.80.

When and how were the shares being sold acquired?

The shares were acquired on 06/15/2020 in a private placement from the issuer and paid for in cash on that date.

How many shares of nCino are outstanding according to the filing?

The filing lists 115,814,720 shares outstanding.

Were any nCino shares sold by this filer in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Through which broker will the sale be executed?

The proposed sale names Merrill Lynch Pierce Fenner and Smith (One Bryant Park, New York, NY) as the broker.