NCNO insider notice: 6,018 vested shares to be sold via Fidelity on NASDAQ
Rhea-AI Filing Summary
Rule 144 notice for nCino, Inc. (NCNO): The filer reports a proposed sale of 6,018 common shares via Fidelity Brokerage Services with an aggregate market value of $182,968.86, with an approximate sale date of 09/15/2025 on NASDAQ. The shares were acquired on 09/12/2025 through restricted stock vesting and the payment/nature is listed as compensation. The form also discloses a prior sale by April Rieger of 3,028 shares on 08/04/2025 for gross proceeds of $83,104.07. The filing includes the statutory representation that the seller is not aware of undisclosed material adverse information.
Positive
- Form filed as required under Rule 144, providing acquisition date, broker, and planned sale details
- Clear disclosure of prior sale (3,028 shares on 08/04/2025 for $83,104.07), improving transparency about recent insider dispositions
Negative
- Insider sale disclosed: proposed sale of 6,018 vested shares may be viewed negatively by some investors
- Relationship to issuer not specified in the provided content, limiting context about the seller's role
Insights
TL;DR: Insider restricted shares vesting, modest sale disclosed under Rule 144; transaction size is small relative to public market.
The filing shows a planned sale of 6,018 shares acquired by restricted stock vesting and designated as compensation, with an indicated value of $182,968.86 and a target sale date of 09/15/2025. A recent prior sale of 3,028 shares generated $83,104.07. From a trading-impact perspective, these volumes are limited and represent routine disposition of vested equity rather than a large block sale. The notice satisfies Rule 144 disclosure requirements by reporting acquisition, broker, and recent sales information.
TL;DR: Disclosure appears procedurally complete for Rule 144; no new governance issues disclosed in this form.
The form identifies the securities as restricted stock that vested on 09/12/2025 and labels the payment nature as compensation. The filer attests to lack of undisclosed material adverse information. The record of a prior sale by April Rieger is included. There is no statement of the filer’s relationship to the issuer in the provided content, and no additional governance or insider arrangement details are supplied.