Mandatory tax-withholding sale reported for nCino (NCNO) SVP Jeanette Sellers

Rhea-AI Filing Summary

nCino, Inc. senior vice president of accounting Jeanette Sellers reported a small, non-discretionary sale of company stock tied to tax withholding. On April 2, 2026, 735 shares of common stock were sold at $16.754 per share to cover taxes due upon vesting of restricted stock units. According to the disclosure, these “sales to cover” are mandated by nCino’s equity incentive plans and do not represent a voluntary trading decision. After this transaction, Sellers directly owned 42,484 shares of nCino common stock.

Insider Trade Summary

Net Seller: 735 shares ($12,314)

Net Sell 1 txn

Insider Sellers Jeanette

Role SVP of Accounting

Sold 735 shs ($12K)

Type	Security	Shares	Price	Value
Sale	Common Stock	735	$16.754	$12K

Holdings After Transaction: Common Stock — 42,484 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 735 shares Sale price per share: $16.754 per share Shares owned after transaction: 42,484 shares

3 metrics

Shares sold 735 shares Open-market sale on April 2, 2026 to cover tax withholding

Sale price per share $16.754 per share Price for the 735 nCino common shares sold

Shares owned after transaction 42,484 shares Direct nCino common stock holdings after the Form 4 transaction

Key Terms

restricted stock units, equity incentive plans, sales to cover

3 terms

restricted stock units financial

"tax withholding due upon vesting of RSUs"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

equity incentive plans financial

"mandated by the Issuer's equity incentive plans to satisfy tax withholding"

Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.

sales to cover financial

"Such "sales to cover" are mandated by the Issuer's equity incentive plans"

Form 4 Insider Transactions: What Each Field Means →

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).

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 NORTH CAROLINA 28405

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

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

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

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

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	04/02/2026		S		735(1)	D	$16.754	42,484	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 shares were sold to cover tax withholding due upon vesting of RSUs. Such "sales to cover" are mandated by the Issuer's equity incentive plans to satisfy tax withholding obligations and do not represent a discretionary trade by the reporting person.

Remarks:

	/s/ Jeanette Sellers	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did nCino (NCNO) report for Jeanette Sellers?

nCino reported that SVP of Accounting Jeanette Sellers sold 735 shares of common stock at $16.754 per share. The sale was specifically to cover tax withholding obligations arising from RSU vesting under nCino’s equity incentive plans, not a discretionary trade.

Why did Jeanette Sellers’ nCino (NCNO) shares get sold in this Form 4 filing?

The shares were sold to cover tax withholding due when her restricted stock units vested. The filing states these “sales to cover” are mandated by nCino’s equity incentive plans and do not represent a discretionary trade or active portfolio decision by Sellers.

How many nCino (NCNO) shares did Jeanette Sellers sell and at what price?

Jeanette Sellers had 735 shares of nCino common stock sold at $16.754 per share. This transaction was reported as an open-market sale but is described as a mandatory tax withholding sale linked to vesting of restricted stock units.

How many nCino (NCNO) shares does Jeanette Sellers hold after this transaction?

Following the tax-related sale, Jeanette Sellers directly owned 42,484 shares of nCino common stock. This post-transaction holding figure shows she retained a substantial equity position in the company after satisfying her RSU-related tax withholding obligation.

Does the Jeanette Sellers Form 4 indicate discretionary selling of nCino (NCNO) stock?

No. The footnote explains the 735-share sale was solely to cover tax withholding upon RSU vesting. These mandated “sales to cover” under nCino’s equity incentive plans are described as non-discretionary and do not reflect an active decision to reduce her investment.