nCino Form 144: Planned 4,155-share insider sale worth $114k
Rhea-AI Filing Summary
nCino, Inc. (NASDAQ: NCNO) filed a Form 144 disclosing a planned sale of insider shares. The unidentified affiliate intends to sell 4,155 common shares through Fidelity Brokerage Services on 08 / 04 / 2025. At the filing’s stated aggregate market value of $114,034.81, the implied price is roughly $27.46 per share. With 115.9 million shares outstanding, the transaction represents just 0.0036 % of the float and therefore is immaterial to capital structure.
The shares were recently acquired via restricted-stock vesting on 08 / 01 / 2025; the filing confirms no cash was paid (compensation grant). Rule 144 requires this notice because the seller is deemed an affiliate, but the document states the filer possesses no undisclosed adverse information about the company. No other sales by this person occurred during the prior three months.
This appears to be a routine liquidity event rather than a signal of fundamental change for nCino. Investors typically view small Form 144 sales as neutral unless accompanied by larger, repeated dispositions.
Positive
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Negative
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Insights
TL;DR: Minor insider sale (0.0036% of shares) is routine and unlikely to affect NCNO valuation.
The filing flags an affiliate’s intent to sell 4,155 vested-RSU shares worth roughly $114k. Relative to nCino’s 115.9 m shares and multi-billion-dollar market cap, the sale is negligible. Form 144 filings merely give advance notice; they do not guarantee execution or indicate sentiment. Absence of prior 3-month sales and the vesting origin suggest ordinary portfolio diversification. I therefore classify the impact on stock price, liquidity, and governance as neutral.