nCino Director William Spruill Receives 7,385 Restricted Stock Units
nCino Director William R. Spruill received a grant of 7,385 restricted stock units (RSUs) on June 18, 2025.
Rhea-AI Filing Summary
nCino Director William R. Spruill received a grant of 7,385 restricted stock units (RSUs) on June 18, 2025. Following this transaction, Spruill now beneficially owns a total of 29,376 shares directly.
Key terms of the RSU grant:
- RSUs were granted at $0 exercise price
- Vesting occurs in full on the earlier of June 18, 2026, or the next annual stockholder meeting
- Vesting is contingent on continued service through the applicable date
- Accelerated vesting provision triggers upon a change in control
This Form 4 filing was signed by Jeanette Sellers as attorney-in-fact for Spruill on June 23, 2025. The transaction represents standard compensation for board service and does not indicate any change in Spruill's role as Director.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,385 shares
Grant/Award
1 txn
Insider
Spruill William R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,385 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 29,376 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") that vest in full on the earlier of June 18, 2026 and the date of the next annual meeting of the Issuer's stockholders, subject to the reporting person's continued service through the applicable vesting date. These RSUs vest fully upon a change in control of the Issuer.
FAQ
What is the vesting schedule for William Spruill's NCNO RSUs granted in June 2025?
The RSUs vest in full on the earlier of June 18, 2026, or the date of nCino's next annual meeting of stockholders, subject to Spruill's continued service. Additionally, the RSUs will vest fully upon a change in control of the company.
What is William Spruill's role at NCNO?
William Spruill serves as a Director on nCino's Board, as indicated by the 'X' marked under the Director category in the Form 4 filing.
What was the purchase price of NCNO RSUs granted to William Spruill?
The RSUs were granted at a price of $0, as indicated in the 'Price' column of Table I in the Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.