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nCino (NASDAQ: NCNO) legal chief sells 5,747 shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

nCino, Inc. Chief Legal and Administrative Officer April Rieger reported the sale of 5,747 shares of common stock at $16.754 per share. According to the disclosure, these shares were sold solely to cover tax withholding due upon the vesting of restricted stock units and were mandated by the company’s equity incentive plans, rather than representing a discretionary trade. After this transaction, Rieger continues to hold 215,949 shares of nCino common stock directly.

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Insider Rieger April
Role Chief Lgl. & Admin Ofc., Sec
Sold 5,747 shs ($96K)
Type Security Shares Price Value
Sale Common Stock 5,747 $16.754 $96K
Holdings After Transaction: Common Stock — 215,949 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares sold 5,747 shares Common stock sold on 2026-04-02 to cover tax withholding
Sale price per share $16.754 per share Price received for common stock sold
Shares held after transaction 215,949 shares Direct ownership after sale to cover RSU tax withholding
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.
RSUs financial
"due upon vesting of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
equity incentive plans financial
"mandated by the Issuer's equity incentive plans"
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.
sales to cover financial
"Such "sales to cover" are mandated"
tax withholding financial
"sold to cover tax withholding due upon vesting"
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.
Form 4 Insider Transactions: What Each Field Means →
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).
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*
Rieger April
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Lgl. & Admin Ofc., Sec
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026		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 Stock04/02/2026S5,747(1)D$16.754215,949D
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
Explanation of Responses:
1. 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.
Remarks:
/s/ Jeanette Sellers, Attorney-in-Fact for April Rieger04/03/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did nCino (NCNO) report for April Rieger?

April Rieger reported selling 5,747 nCino shares. The shares of common stock were sold at $16.754 per share. The disclosure explains the sale was to cover tax withholding owed when restricted stock units vested, under the company’s equity incentive plans.

Was April Rieger’s nCino (NCNO) share sale a discretionary trade?

The sale was not a discretionary trade. The filing states the 5,747 shares were sold to cover tax withholding due upon RSU vesting, as mandated by nCino’s equity incentive plans, meaning the transaction was driven by tax obligations rather than an independent trading decision.

How many nCino (NCNO) shares does April Rieger hold after this Form 4?

April Rieger holds 215,949 nCino shares after the transaction. The Form 4 shows this post-transaction balance of common stock, reflecting her remaining direct ownership after selling shares to satisfy tax withholding requirements related to vested restricted stock units.

What price was received for the nCino (NCNO) shares sold by April Rieger?

The reported sale price was $16.754 per nCino share. The Form 4 lists this per-share price for the 5,747 common shares sold, which were disposed of to cover tax withholding obligations arising from the vesting of restricted stock units under company plans.