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nCino (NASDAQ: NCNO) CEO sells 8,064 shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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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)
  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.
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
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.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Desmond Sean

(Last)(First)(Middle)
6770 PARKER FARM DRIVE
SUITE 200

(Street)
WILMINGTON NORTH CAROLINA 28405

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
nCino, Inc. [ NCNO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO & President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/03/2026M8,064(1)A$4.981,270,556D
Common Stock06/03/2026S8,064(1)D$16.261,262,492D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$4.9806/03/2026M8,064(1) (2)02/01/2027Common Stock8,064$0196,420D
Explanation of Responses:
1. These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 6, 2026.
2. This option is currently exercisable.
Remarks:
/s/ Jeanette Sellers, Attorney-in-fact for Sean Desmond06/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many nCino (NCNO) shares did the CEO sell and at what price?

Sean Desmond sold 8,064 shares of nCino common stock at $16.26 per share. The sale occurred on June 3, 2026, as an open-market transaction executed under a previously adopted 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.

How many nCino (NCNO) shares does the CEO hold after these transactions?

Following the reported transactions, Sean Desmond directly holds 1,262,492 shares of nCino common stock. This figure reflects his direct ownership after both the option exercise and the same-day open-market sale reported in the Form 4.

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.

Was the nCino (NCNO) CEO’s share sale part of a Rule 10b5-1 plan?

Yes. The filing notes that both the option exercises and related share sales were executed under a Rule 10b5-1 trading plan. This plan was adopted by Sean Desmond on January 6, 2026, and pre-scheduled the June 3, 2026 transactions.