RSU grant boosts nCino (NCNO) director William Ruh’s share holdings
Rhea-AI Filing Summary
RUH WILLIAM J reported acquisition or exercise transactions in this Form 4 filing.
nCino, Inc. director William J. Ruh reported a grant of 12,911 shares of common stock in the form of restricted stock units (RSUs). The RSUs vest in full on the earlier of June 18, 2027 and the date of nCino’s next annual stockholder meeting, assuming he continues in service.
The RSUs also vest fully if there is a change in control of nCino. Following this award, Ruh holds 49,836 shares directly and 200,801 shares indirectly through the William J. Ruh Trust, for which he serves as sole trustee.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant increases director’s equity stake in nCino.
The filing shows a grant of 12,911 restricted stock units to director William J. Ruh at no cash cost, which is standard board compensation in many public companies. These units convert to common shares once vesting conditions are met.
The RSUs vest on the earlier of June 18, 2027 or the next annual stockholder meeting, and also accelerate upon a change in control. After this grant, Ruh holds 49,836 shares directly plus 200,801 shares indirectly via a trust, suggesting this is a modest, routine addition to an existing position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,911 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units ("RSUs") that vest in full on the earlier of June 18, 2027 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. These Shares are held directly by the William J. Ruh Trust, U/T/A, for which the reporting person is sole trustee.