nCino (NCNO) Notice: 160,392 Shares to Be Sold via Merrill Lynch
Rhea-AI Filing Summary
nCino, Inc. (NCNO) Form 144 — This notice reports a proposed sale of 160,392 shares of common stock through Merrill Lynch Pierce Fenner and Smith on Nasdaq, with an aggregate market value of $4,875,916.80. The filing shows the shares outstanding of the issuer at 115,814,720 and lists an approximate date of sale of 09/08/2025. The securities were originally acquired on 06/15/2020 in a private placement directly from the issuer and were paid for in cash. The filer reports no securities sold in the past three months and includes the standard representation that the selling person is not aware of undisclosed material adverse information.
Positive
- Complete transaction detail provided: number of shares, aggregate value, broker, and approximate sale date are disclosed.
- Origin and payment clearly stated: shares acquired in a private placement on 06/15/2020 and paid in cash.
- No sales in past three months: the filer reports "Nothing to Report" for recent sales.
Negative
- None.
Insights
TL;DR: Routine Section 144 notice reporting an intended sale of 160,392 NCNO shares worth about $4.9M; no recent sales reported.
The filing is procedural and provides required disclosure of a proposed restricted/controlled sale under Rule 144. Key facts: 160,392 shares, aggregate value $4,875,916.80, outstanding shares 115,814,720, planned sale date 09/08/2025, broker Merrill Lynch. The securities were acquired via private placement on 06/15/2020 and paid in cash. Because the filer states no sales in the past three months, the notice documents a single forthcoming transaction rather than an ongoing disposal program. This notice alone does not provide operational or financial performance information about the issuer.
TL;DR: Disclosure aligns with Rule 144 requirements; filing indicates compliance but conveys no governance changes.
The form contains the seller's certification about lack of undisclosed material adverse information and identifies the selling broker. It documents provenance of the shares (private placement from issuer, 06/15/2020) and payment in cash, which is relevant for Rule 144 resale eligibility. There are no statements of adoption of trading plans or other governance actions included. The filing is a standard compliance disclosure rather than a corporate governance event.