nCino (NCNO) officer sells 7,852 shares to cover RSU tax obligations
Rhea-AI Filing Summary
nCino, Inc. executive April Rieger, Chief Legal & Administrative Officer and Secretary, reported the sale of 7,852 shares of common stock on August 4, 2026 at $19.218 per share. According to the footnote, the shares were sold to cover tax withholding upon RSU vesting under mandated equity incentive plan procedures and were not a discretionary trade. After this transaction, she directly holds 375,749 shares of nCino common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,852 shares
Net Sell
1 txn
Insider
Rieger April
Role
Chief Lgl. & Admin Ofc., Sec
Sold
7,852 shs ($151K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 7,852 | $19.218 | $151K |
Holdings After Transaction:
Common Stock — 375,749 shares (Direct)
Footnotes (1)
- F1. These shares were sold to cover tax withholding due upon vesting of RSUs. Such "sales to cover" are mandated by the Issuer's equity incentive plans to satisfy tax withholding obligations and do not represent a discretionary trade by the reporting person.
Key Figures
Shares sold: 7,852 shares
Sale price: $19.218 per share
Shares owned after transaction: 375,749 shares
3 metrics
Shares sold
7,852 shares
Common stock sold on August 4, 2026 to cover tax withholding
Sale price
$19.218 per share
Price for the 7,852 nCino common shares sold
Shares owned after transaction
375,749 shares
Directly held by April Rieger after the August 4, 2026 sale
Key Terms
Restricted Stock Units, equity incentive plans, tax withholding, sales to cover
4 terms
Restricted Stock Units financial
"tax withholding due upon vesting of RSUs"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity incentive plans financial
"mandated by the Issuer's equity incentive plans to satisfy tax"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
tax withholding financial
"sold to cover tax withholding due upon vesting of RSUs"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
sales to cover financial
"Such "sales to cover" are mandated by the Issuer's equity"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did nCino (NCNO) officer April Rieger report?
April Rieger reported selling 7,852 shares of nCino common stock on August 4, 2026 at $19.218 per share. The sale was to cover tax withholding arising from the vesting of restricted stock units (RSUs) under the company’s equity incentive plans.
Was April Rieger’s nCino (NCNO) sale under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox was not marked, indicating the transaction was not reported as made under a Rule 10b5-1 trading plan. Instead, the footnote states the sale was mandated by the company’s equity incentive plans to satisfy tax withholding obligations.