NCNO Form 4: Officer Jeanette Sellers Sells 529 Shares Under 10b5-1

Rhea-AI Filing Summary

nCino insider sale under 10b5-1 plan: Jeanette Sellers, Senior Vice President of Accounting at nCino (NCNO), sold 529 shares of common stock on 09/05/2025 at an average price of $30.74 per share under a Rule 10b5-1 trading plan adopted on June 3, 2025. After the transaction she beneficially owned 48,878 shares, held directly. The filing reports the sale code as "S" and indicates the trades were effected pursuant to the pre-established plan; no other derivative transactions or amendments are reported.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating the transaction was pre-planned and reduces insider trading signaling risk
• Reporting officer retains 48,878 shares after the sale, showing continued ownership

Negative

• Insider reduced holdings by 529 shares through an open-market sale
• Form 4 discloses no derivatives, so there is limited information on any hedging activity (none reported)

Insights

Securities Analyst

TL;DR: Insider sold a small block of shares via a pre-set 10b5-1 plan; this appears routine and not materially adverse.

The sale of 529 shares at $30.74 each represents a modest divestiture relative to the officer's remaining direct holdings of 48,878 shares. The trade was executed under a Rule 10b5-1 plan adopted June 3, 2025, which typically indicates a pre-planned, non-discretionary sale schedule to mitigate signaling risk. There are no reported derivative transactions or amendments that would change ownership structure. For investors, this disclosure documents insider liquidity but provides no evidence of a change in company fundamentals.

Corporate Governance Expert

TL;DR: Use of a 10b5-1 plan shows governance-compliant disposition; the transaction size is small versus total holdings.

The reporting officer filed a Form 4 disclosing a sale executed under a Rule 10b5-1 plan, which is a compliant mechanism for scheduled insider trades. The retained direct ownership of 48,878 shares remains intact after the sale, and the Form 4 contains no indication of modifications to the plan or related-party arrangements. From a governance perspective, the disclosure is timely and complete for the transaction reported.

SEC Form 4

FORM 4

UNITED 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).

X

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^*

Sellers Jeanette

(Last) (First) (Middle)

6770 PARKER FARM DRIVE

SUITE 200

(Street)

WILMINGTON NC 28405

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
nCino, Inc. [ NCNO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP of Accounting

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/05/2025		S		529(1)	D	$30.74	48,878	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025.

Remarks:

	/s/ Jeanette Sellers	09/09/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Jeanette Sellers (NCNO) report on Form 4?

The report discloses a sale of 529 shares of nCino common stock executed on 09/05/2025 at an average price of $30.74 per share under a Rule 10b5-1 trading plan.

How many nCino shares does the reporting person own after the transaction?

After the reported sale, the reporting person beneficially owned 48,878 shares held directly.

Was the transaction part of a 10b5-1 plan for NCNO insider trading?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on June 3, 2025.

Did the Form 4 report any derivative transactions or amendments?

No. The Form 4 shows no derivative securities or amendments; only the non-derivative sale of common stock is reported.

What is the relationship of the reporting person to nCino?

Jeanette Sellers is reported as SVP of Accounting, an officer of nCino.