nCino (NASDAQ: NCNO) director Pierre Naudé granted 12,911 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Naude Pierre reported acquisition or exercise transactions in this Form 4 filing.
nCino, Inc. director Pierre Naudé received a grant of 12,911 shares of common stock in the form of restricted stock units. These RSUs vest in full on the earlier of June 18, 2027 or the next annual stockholder meeting, provided he continues serving until that date, and they vest fully upon a change in control. Following this grant, Naudé directly holds 1,121,384 shares of nCino common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Naude Pierre
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,911 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,121,384 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 12,911 shares
Grant price: $0.00 per share
Shares after grant: 1,121,384 shares
+1 more
4 metrics
RSUs granted
12,911 shares
Restricted stock units awarded to director on June 18, 2026
Grant price
$0.00 per share
RSUs granted as compensation, no cash paid by insider
Shares after grant
1,121,384 shares
Total common stock directly held by Pierre Naudé after transaction
Primary vesting date
June 18, 2027
RSUs vest on earlier of this date or next annual meeting
Key Terms
restricted stock units ("RSUs"), change in control, annual meeting of the Issuer's stockholders, grant, award, or other acquisition
4 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 financial
"on the earlier of June 18, 2027 and the date of the next annual meeting of the Issuer's stockholders"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did nCino (NCNO) report for Pierre Naudé?
nCino reported that director Pierre Naudé received 12,911 shares of common stock as restricted stock units. These were granted at no cash cost and increase his direct holdings to 1,121,384 shares after the transaction.
How do Pierre Naudé’s new RSUs at nCino (NCNO) vest?
The 12,911 restricted stock units vest in full on the earlier of June 18, 2027 or the next annual meeting of stockholders. Vesting is conditioned on Naudé’s continued service with the company through the applicable vesting date.
What happens to Pierre Naudé’s nCino RSUs if there is a change in control?
If there is a change in control of nCino, Pierre Naudé’s 12,911 restricted stock units vest fully. This means all units convert to common shares upon such an event, assuming the change in control condition described in the award terms is met.
Was Pierre Naudé’s nCino Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant or award acquisition, not an open-market purchase. Pierre Naudé received 12,911 restricted stock units at a price of $0.00 per share as part of his director compensation, subject to vesting conditions.