nCino CLO sells shares to cover tax withholding
nCino, Inc. reported an insider transaction by Chief Legal & Administrative Officer and Secretary April Rieger.
Rhea-AI Filing Summary
nCino, Inc. reported an insider transaction by Chief Legal & Administrative Officer and Secretary April Rieger. On 02/03/2026, she sold 8,078 shares of common stock at $18.682 per share. The filing explains these shares were sold solely to cover tax withholding triggered by vesting of restricted stock units under the company’s equity incentive plans, so the sale was not a discretionary trade. After this transaction, she beneficially owned 221,696 shares of nCino common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,078 shares
Net Sell
1 txn
Insider
Rieger April
Role
Chief Lgl. & Admin Ofc., Sec
Sold
8,078 shs ($151K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,078 | $18.682 | $151K |
Holdings After Transaction:
Common Stock — 221,696 shares (Direct)
Footnotes (1)
- F1. 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.
FAQ
What insider transaction did nCino (NCNO) report for April Rieger?
nCino reported that April Rieger sold 8,078 shares of common stock. The sale occurred on 02/03/2026 at $18.682 per share and was tied to tax withholding obligations from vesting restricted stock units under the company’s equity incentive plans.
What role does April Rieger hold at nCino (NCNO)?
April Rieger serves as nCino’s Chief Legal and Administrative Officer and Secretary. The Form 4 identifies her as an officer of the company, not a director or 10% owner, and reports her equity transaction related to restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.