nCino (NCNO) Files Rule 144 Notice for 416,659 Shares
Rhea-AI Filing Summary
nCino, Inc. (NCNO) submitted a Rule 144 notice reporting a proposed sale of 416,659 shares of common stock through Merrill Lynch Pierce Fenner and Smith on 09/08/2025 on Nasdaq. The filing shows these shares were acquired in a private placement from the issuer on 06/15/2020 and were paid for in cash on that acquisition date. The aggregate market value of the shares at the time of the notice is listed as $12,666,433.60, against 115,814,720 shares outstanding, indicating the proposed sale represents a small fraction of total outstanding stock. Several standard filer/contact fields (for example, CIK/CCC and submission contact details) are not provided in the content supplied.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider/affiliate sale notice; size is modest relative to shares outstanding and unlikely to move the stock materially.
The Form 144 reports a proposed disposition of 416,659 shares valued at $12.67M. Versus 115.8M shares outstanding, this equals roughly 0.36% of the float, which is immaterial in isolation. The securities were acquired in a private placement on 06/15/2020 and paid in cash, consistent with a standard restricted-share disposition under Rule 144. No recent sales during the prior three months are reported. Missing filer identification fields reduce immediate traceability of the selling party in this extract.
TL;DR: The notice appears to follow Rule 144 mechanics; incomplete contact/CIK data limits transparency but the transaction details are standard.
The filing documents the nature of acquisition (private placement from the issuer) and payment terms (cash), which supports compliance with Rule 144 disclosure requirements. The representation section includes the required attestation about material nonpublic information. However, absent filer identifiers in the provided content make it harder for stakeholders to confirm the seller's status (affiliate versus non-affiliate) from this extract alone.