NCNO insider files Form 144 for 20,467-share sale via Merrill Lynch

Rhea-AI Filing Summary

nCino, Inc. (NCNO) filed a Form 144 disclosing a proposed sale of 20,467 shares of its common stock through Merrill Lynch Pierce Fenner and Smith on Nasdaq. The filing reports an aggregate market value of $622,196.80 and notes 115,814,720 shares outstanding. The shares were acquired in a private placement on 06/15/2020 and were paid for in cash. The filer indicates no securities sold in the past three months and certifies not knowing any undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: Routine insider filing disclosing a small proposed sale; unlikely to materially affect NCNO equity value.

The Form 144 notifies the market of a proposed sale of 20,467 shares via a major broker with an aggregate market value of $622,196.80. Relative to the reported 115,814,720 shares outstanding, the position is immaterial (~0.018%). The shares were acquired in a 2020 private placement and paid in cash, and no sales occurred in the past three months. This is a compliance disclosure rather than new operational or financial information.

Corporate Governance Expert

TL;DR: Proper disclosure consistent with Rule 144; filing shows adherence to trading transparency requirements.

The notice includes required acquisition details, broker information, and a seller representation regarding material nonpublic information. The filing lacks additional context such as the seller's relationship to the issuer, but it fulfills Rule 144 reporting elements presented. Given the small size of the proposed sale, governance implications are limited to routine transparency and regulatory compliance.

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	20467	622196.80	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			20467	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 the NCNO Form 144 disclose?

The filing discloses a proposed sale of 20,467 common shares via Merrill Lynch on Nasdaq with an aggregate market value of $622,196.80.

When were the shares being sold originally acquired?

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

How large is the proposed sale relative to outstanding shares?

The filing reports 115,814,720 shares outstanding; the proposed sale represents approximately 0.018% of outstanding shares.

Were any NCNO securities sold by the filer in the past three months?

The Form 144 states Nothing to Report for securities sold during the past three months.

Which broker will handle the sale?

The broker listed is Merrill Lynch Pierce Fenner and Smith, One Bryant Park, New York, NY.