nCino (NCNO) Form 144 Files Proposed Sale of 529 Restricted Shares
Rhea-AI Filing Summary
Form 144 notice for nCino, Inc. (NCNO): This filing reports a proposed sale of 529 common shares through Fidelity Brokerage Services LLC on the NASDAQ, with an aggregate market value of $16,261.46 and an approximate sale date of 09/05/2025. The shares were acquired on 08/01/2025 by restricted stock vesting from the issuer and were paid as compensation. The filer also disclosed a prior sale within the past three months of 211 common shares on 08/04/2025 for gross proceeds of $5,790.94. The form includes the required representation that the seller is not aware of any undisclosed material adverse information.
Positive
- Compliance disclosure filed: the notice includes required representations and broker information
- Shares originated from compensation via restricted stock vesting, indicating routine employee/insider issuance rather than an outside purchase
Negative
- None.
Insights
TL;DR: Small, issuer-originated restricted shares are being sold; the amounts are immaterial to NCNO's market capitalization.
The filing documents a modest sale of 529 vested restricted shares valued at $16,261.46 and prior short-term sales of 211 shares for $5,790.94. These volumes are small relative to a public company’s float and do not indicate insider divestiture at scale. The transaction is described as compensation-related vesting rather than a market-driven disposition; timing and broker details are routine. There is no new financial performance information or change in control disclosed.
TL;DR: Routine compliance filing documenting sale of vested compensation shares; no governance red flags shown.
The notice satisfies Rule 144 disclosure for intended resale of restricted shares acquired from the issuer via vesting on 08/01/2025. The filer certifies lack of undisclosed material information and notes prior small sale activity. There is no indication of a scheduled trading plan date or mention of Rule 10b5-1 adoption. Based on the facts presented, this appears to be standard insider reporting rather than a governance concern.