nCino (NCNO) CRO receives 228,832 RSUs with staged vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kettell Keith reported acquisition or exercise transactions in this Form 4 filing.
nCino, Inc. Chief Revenue Officer Keith Kettell reported an equity compensation award on a Form 4. He received 228,832 shares of common stock in the form of restricted stock units at a grant price of $0.00 per share, reflecting a compensation grant rather than an open‑market purchase.
Following this grant, Kettell directly owns 228,832 shares. According to the disclosure, 25% of these RSUs will cliff vest after one year, with the remaining units vesting quarterly at 6.25%, subject to his continued employment through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kettell Keith
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 228,832 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 228,832 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 228,832 shares
Grant price: $0.00 per share
Post-transaction holdings: 228,832 shares
+2 more
5 metrics
RSU grant size
228,832 shares
Restricted stock units of common stock granted to CRO
Grant price
$0.00 per share
Compensation grant, not open-market purchase
Post-transaction holdings
228,832 shares
Total common shares directly owned after grant
Initial vesting tranche
25%
Cliff vests after one year of continued employment
Ongoing vesting rate
6.25% quarterly
Remaining RSUs vest quarterly after first-year cliff
Key Terms
restricted stock units, cliff vest, vesting date
3 terms
restricted stock units financial
"Twenty-five percent of these restricted stock units ("RSUs") will cliff vest"
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.
cliff vest financial
"Twenty-five percent of these restricted stock units ("RSUs") will cliff vest after one year"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
vesting date financial
"quarterly thereafter at six and a quarter percent, subject to the reporting person's continued employment through the applicable vesting date"
FAQ
What did nCino (NCNO) Chief Revenue Officer Keith Kettell report on this Form 4?
Keith Kettell reported receiving a grant of 228,832 restricted stock units of nCino common stock. The award is a compensation-related acquisition at a grant price of $0.00 per share, rather than an open-market stock purchase or sale.
Is Keith Kettell’s nCino (NCNO) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not an open-market stock purchase. Transaction code “A” and a price of $0.00 per share indicate a grant or award of 228,832 restricted stock units of nCino common stock.
What is the vesting schedule for Keith Kettell’s 228,832 nCino (NCNO) RSUs?
The filing states that 25% of these RSUs will cliff vest after one year. The remaining units then vest quarterly at a rate of 6.25%, conditioned on Kettell’s continued employment through each applicable vesting date.
Does Keith Kettell’s nCino (NCNO) RSU award depend on continued employment?
Yes. The vesting footnote specifies that both the initial 25% cliff vesting and the subsequent 6.25% quarterly vesting installments are subject to Keith Kettell’s continued employment with nCino through each applicable vesting date.