nCino (NCNO) files Rule 144 to sell 379,083 shares on Nasdaq

Rhea-AI Filing Summary

Form 144 Notice: This filing is a Rule 144 notice of a proposed sale of 379,083 shares of common stock of the issuer through Merrill Lynch Pierce Fenner and Smith on 09/08/2025 on Nasdaq. The filing shows an aggregate market value of $11,524,123.20 and reports 115,814,720 shares outstanding.

The securities were acquired on 06/15/2020 in a private placement from the issuer, paid in cash. The filer reports no securities sold in the past three months and includes the required representation that the person does not possess undisclosed material adverse information regarding the issuer.

Positive

• Full procedural disclosure of proposed sale including broker, share count, market value, and sale date
• Securities were acquired in a private placement with payment in cash, with acquisition date documented (06/15/2020)
• No securities sold in the past three months reported, indicating this filing is not part of frequent recent disposals

Negative

• Material block size: proposed sale represents a significant single transaction with an aggregate market value of $11,524,123.20
• Limited issuer detail: filing provides no supplementary information about the reason for the sale or the identity of the selling person

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice proposing sale of 379,083 shares worth $11.5M; transaction appears procedural rather than disclosure of new adverse facts.

The filing documents a planned block sale executed through a major broker with explicit details on share count, market value, acquisition date and method. The absence of reported sales in the prior three months and the representation regarding undisclosed material adverse information are standard elements for compliance. From a liquidity perspective, the filing quantifies the supply proposed to enter the market but provides no information about purchaser identity or any change in issuer fundamentals.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure: the filer meets Rule 144 reporting requirements and affirms no undisclosed material adverse information.

The form includes the required signatures and statements, the broker designation, and the detailed origin of the shares (private placement on 06/15/2020 from the issuer). These elements satisfy procedural governance expectations for insider or affiliated-holder sales under Rule 144. The filing does not indicate any governance actions, executive changes, or regulatory issues beyond the proposed sale itself.

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	379083	11524123.20	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			379083	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 Form 144 filed by NCNO disclose?

The filing discloses a proposed sale of 379,083 shares of common stock via Merrill Lynch on 09/08/2025, with aggregate market value $11,524,123.20 and 115,814,720 shares outstanding.

When were the shares being sold originally acquired?

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

Does the filing report any sales in the past three months for NCNO?

No. The filing states "Nothing to Report" under securities sold during the past three months.

Which exchange and broker are involved in the proposed sale?

The proposed sale is to be executed on Nasdaq through Merrill Lynch Pierce Fenner and Smith.

Does the filer assert possession of undisclosed material information?

By signing the notice, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.