NCNO insider files Form 144 to sell 308,003 shares valued at $9.36M

Rhea-AI Filing Summary

nCino, Inc. (NCNO) filed a Form 144 notifying the proposed sale of 308,003 shares of common stock through Merrill Lynch Pierce Fenner and Smith on Nasdaq with an approximate aggregate market value of $9,363,291.20. The shares represent part of 115,814,720 shares outstanding and were originally acquired on 06/15/2020 in a private placement from the issuer, with payment noted as cash. The filing lists an approximate sale date of 09/08/2025. The filer reports no securities sold in the past three months for the same account and includes the standard representation that no undisclosed material adverse information is known to the seller.

Positive

• Full disclosure provided: Form 144 supplies acquisition date, acquisition method (private placement), broker, and aggregate market value
• No recent sales: The filer reports "Nothing to Report" for securities sold in the past three months

Negative

• No seller identity disclosed in the provided extract, limiting assessment of insider role or intent
• Filing lacks information on whether sales are pursuant to a Rule 10b5-1 trading plan or other pre-established arrangement

Insights

Securities Analyst

TL;DR: Director/insider notice to sell ~0.27% of outstanding shares via broker; procedural disclosure with limited immediate market implication.

The Form 144 documents a planned resale of 308,003 common shares by a person who acquired them in a private placement on 06/15/2020. The aggregate market value is reported as $9,363,291.20 and the sale is to be executed through Merrill Lynch on Nasdaq around 09/08/2025. No sales in the prior three months are reported, which suggests this is a planned, discrete transaction rather than part of a series of recent disposals. This filing is a regulatory notice required when restricted or control securities are to be sold; it does not by itself disclose intent beyond the sale and contains no new material operational or financial data about the issuer.

Corporate Governance Expert

TL;DR: Routine insider resale notice; important for transparency but not a standalone signal of company performance.

The filing shows the shares were acquired from the issuer in a private placement and are now proposed for sale through an institutional broker. The seller affirms no undisclosed material adverse information. From a governance perspective, the disclosure meets Rule 144 notice requirements and provides market participants with visibility into an insider-level transaction. The document lacks context about the seller's identity, any trading plan, or whether sales are part of a Rule 10b5-1 plan, limiting deeper governance conclusions.

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	308003	9363291.20	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			308003	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 308,003 common shares acquired on 06/15/2020 in a private placement, with an aggregate market value of $9,363,291.20, to be sold through Merrill Lynch on Nasdaq around 09/08/2025.

How large is the sale relative to outstanding shares?

The filing states 115,814,720 shares outstanding; the proposed sale of 308,003 shares is a small fraction of total shares outstanding.

Did the filer sell other nCino shares recently?

No. The Form 144 indicates "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

How were the shares originally acquired?

The shares were acquired from the issuer in a private placement on 06/15/2020, and payment was made in cash.

Does this filing indicate undisclosed negative information about nCino?

No. The filer signs a representation that they do not know any material adverse information about the issuer that has not been publicly disclosed.