Director William Spruill receives 12,911 RSUs from nCino (NCNO)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spruill William R reported acquisition or exercise transactions in this Form 4 filing.
nCino, Inc. director William R. Spruill reported an equity compensation grant of 12,911 shares of common stock in the form of restricted stock units (RSUs). The RSUs were awarded at no cash cost and increase his directly held position to 42,287 shares.
The RSUs vest in full on the earlier of June 18, 2027, or the date of nCino’s next annual stockholder meeting, as long as Spruill remains in service through that date. They also fully vest if there is a change in control of nCino, accelerating his receipt of the underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spruill William R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,911 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,287 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 12,911 shares
Post-transaction holdings: 42,287 shares
Vesting date: June 18, 2027
+1 more
4 metrics
RSU grant size
12,911 shares
Restricted stock units awarded on June 18, 2026
Post-transaction holdings
42,287 shares
Common stock held directly after RSU grant
Vesting date
June 18, 2027
RSUs vest on this date or earlier at next annual meeting
Change in control vesting
Full acceleration
RSUs fully vest upon a change in control of nCino
Key Terms
restricted stock units ("RSUs"), change in control, annual meeting of the Issuer's stockholders
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") that vest in full on the earlier of June 18, 2027"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"These RSUs vest fully upon a change in control of the Issuer."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
annual meeting of the Issuer's stockholders regulatory
"on the earlier of June 18, 2027 and the date of the next annual meeting of the Issuer's stockholders"
FAQ
What insider transaction did nCino (NCNO) director William R. Spruill report?
William R. Spruill reported receiving 12,911 restricted stock units of nCino common stock as an equity grant. These RSUs were awarded at no cash cost and increase his directly held position to 42,287 shares following the transaction.
When do William R. Spruill’s newly granted nCino RSUs vest?
The 12,911 RSUs vest in full on the earlier of June 18, 2027 or the date of nCino’s next annual stockholder meeting. Vesting is conditioned on Spruill’s continued service with the company through the applicable vesting date.
What happens to William R. Spruill’s nCino RSUs if there is a change in control?
The RSUs fully vest upon a change in control of nCino. This means that if such a change occurs, all 12,911 restricted stock units become fully vested immediately, accelerating his right to receive the underlying common shares.
Are William R. Spruill’s nCino RSUs subject to any service conditions?
Yes. The RSUs vest only if William R. Spruill continues serving through the vesting date, defined as the earlier of June 18, 2027 or the company’s next annual stockholder meeting, unless a change in control triggers earlier full vesting.