nCino (NASDAQ: NCNO) CEO sells 8,064 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nCino, Inc. CEO and President Sean Desmond reported an exercise-and-sale transaction in company stock. On June 3, 2026, he sold 8,064 shares of common stock in an open-market transaction at $16.26 per share.
On the same date, he exercised stock options to acquire 8,064 shares of common stock at an exercise price of $4.98 per share. After these transactions, he directly holds 1,262,492 shares of nCino common stock and retains 196,420 stock options with a $4.98 exercise price expiring on February 1, 2027. The filing states that these exercises and sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on January 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,064 shares ($131,121)
Net Sell
3 txns
Insider
Desmond Sean
Role
CEO & President
Sold
8,064 shs ($131K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 8,064 | $0.00 | -- |
| Exercise | Common Stock | 8,064 | $4.98 | $40K |
| Sale | Common Stock | 8,064 | $16.26 | $131K |
Holdings After Transaction:
Stock Option (Right to Buy) — 196,420 shares (Direct, null);
Common Stock — 1,270,556 shares (Direct, null)
Footnotes (1)
- These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 6, 2026. This option is currently exercisable.
Key Figures
Shares sold: 8,064 shares
Sale price: $16.26 per share
Options exercised: 8,064 shares
+4 more
7 metrics
Shares sold
8,064 shares
Open-market sale of common stock on June 3, 2026 at $16.26
Sale price
$16.26 per share
Price for 8,064 nCino common shares sold June 3, 2026
Options exercised
8,064 shares
Stock options converted into common stock on June 3, 2026
Exercise price
$4.98 per share
Strike price of exercised stock options
Shares held after transactions
1,262,492 shares
Direct common stock holdings after June 3, 2026 transactions
Remaining options
196,420 options
Stock options outstanding after exercise, at $4.98 strike
Option expiration
February 1, 2027
Expiration date for remaining stock options at $4.98
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy), derivative security, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 6, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" related to nCino common stock."
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for the stock option exercise."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action: "open-market sale" for the 8,064 common shares sold at $16.26."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did nCino (NCNO) CEO Sean Desmond report?
Sean Desmond reported an exercise-and-sale transaction in nCino common stock. He exercised stock options for 8,064 shares and sold 8,064 shares in the open market, all on June 3, 2026, under a pre-arranged Rule 10b5-1 trading plan.
What stock options did the nCino (NCNO) CEO exercise in this filing?
He exercised stock options covering 8,064 shares of nCino common stock at an exercise price of $4.98 per share. These options were classified as a derivative security and converted into common shares on June 3, 2026.
What stock option position remains for the nCino (NCNO) CEO after the exercise?
After exercising part of his options, Sean Desmond still holds 196,420 stock options with a $4.98 exercise price. These remaining options relate to nCino common stock and are scheduled to expire on February 1, 2027, according to the filing.