nCino Board Member Gets $1M+ Stock Package with Fast-Track Vesting Terms
Rhea-AI Filing Summary
nCino director Pamela Kilday received a grant of 7,385 restricted stock units (RSUs) on June 18, 2025. Following this transaction, Kilday now beneficially owns a total of 25,189 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 vesting date
- Accelerated vesting provision triggers upon a change in control
This Form 4 filing was submitted by Kilday's attorney-in-fact, Jeanette Sellers, on June 23, 2025, within the required reporting window. The transaction represents standard director compensation in the form of equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,385 shares
Net Buy
1 txn
Insider
Kilday Pamela
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,385 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 25,189 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the vesting schedule for NCNO Director Kilday's new RSUs?
The RSUs will vest in full on the earlier of June 18, 2026, or the date of nCino's next annual stockholders meeting, subject to Kilday's continued service. Additionally, the RSUs will vest fully upon a change in control of the company.
What was the purchase price of NCNO RSUs granted to Director Kilday?
The RSUs were granted at $0 cost to Director Kilday, as they represent equity compensation for her role as a director.