nCino CEO exercises options, sells 8,064 shares
nCino, Inc. CEO and President Sean Desmond exercised stock options and sold shares in a routine, pre-planned transaction.
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Form Type
4
Rhea-AI Filing Summary
nCino, Inc. CEO and President Sean Desmond exercised stock options and sold shares in a routine, pre-planned transaction. He exercised options for 8,064 shares of common stock at $4.98 per share, then sold 8,064 shares in the open market at $17.47 per share.
These exercises and sales were carried out under a Rule 10b5-1 trading plan adopted on January 6, 2026, indicating they were pre-scheduled rather than timed discretionarily. Following the transactions, Desmond directly holds 1,262,492 shares of common stock and 188,356 stock options.
Insider Trade Summary 10b5-1
Exercise and Sale: 8,064 shares ($101K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Desmond Sean
Role
CEO & President
Sold
8,064 shs ($141K)
Approx. gross sale proceeds
$141K
Approx. exercise cost
$40K
Approx. pre-tax spread
$101K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 8,064 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,064 | $4.98 | $40K |
| Sale | Common Stock | 8,064 | $17.47 | $141K |
Holdings After Transaction:
Stock Option (Right to Buy) — 188,356 contracts (Direct);
Common Stock — 1,262,492 shares (Direct)
Footnotes (2)
- F1. These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 6, 2026.
- F2. This option is currently exercisable.
Key Figures
Shares sold: 8,064 shares
Sale price per share: $17.47/share
Option exercise size: 8,064 shares
+5 more
8 metrics
Shares sold
8,064 shares
Open-market sale of common stock on July 6, 2026
Sale price per share
$17.47/share
Price for 8,064 common shares sold
Option exercise size
8,064 shares
Common shares acquired via option exercise
Option strike price
$4.98/share
Exercise price for stock option (Right to Buy)
Shares held after transaction
1,262,492 shares
Direct common stock holdings following transactions
Options held after transaction
188,356 options
Remaining stock options after partial exercise
Option expiration date
February 1, 2027
Expiration for exercised stock option grant
10b5-1 plan adoption date
January 6, 2026
Date trading plan governing these transactions was adopted
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy), open-market sale, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan financial
"These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 6, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" ... underlying_security_title: "Common Stock""
open-market sale financial
"transaction_action: "open-market sale" ... transaction_code_description: "Sale in open market or private transaction""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise or conversion financial
"transaction_action: "derivative exercise/conversion" ... transaction_code_description: "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did nCino (NCNO) CEO Sean Desmond report?
Sean Desmond exercised options for 8,064 nCino shares at $4.98 and sold 8,064 shares at $17.47. The filing shows this was a combined exercise-and-sell event executed as part of his equity compensation and ownership management.
What option exercise did Sean Desmond report for nCino (NCNO)?
He exercised a stock option covering 8,064 shares of nCino common stock at a strike price of $4.98 per share. The option, described as a “Stock Option (Right to Buy),” remains exercisable on the balance until its February 1, 2027 expiration.
What are Sean Desmond’s holdings in nCino (NCNO) after these transactions?
After the reported trades, Sean Desmond directly holds 1,262,492 shares of nCino common stock and 188,356 stock options. These figures show he retains a substantial equity position in the company following the relatively small exercise-and-sale transaction disclosed.
Does the Form 4 suggest a large change in Sean Desmond’s nCino (NCNO) ownership?
The Form 4 shows 8,064 shares sold versus 1,262,492 shares held afterward, indicating only a small portion of his stake was sold. Combined with the 10b5-1 plan, this points to a routine, limited portfolio adjustment rather than a major ownership shift.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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