nCino CEO sells 8,064 shares after option exercise
nCino’s CEO exercised stock options and sold the resulting shares under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
nCino, Inc. (NCNO) reported that CEO and President Desmond Sean exercised stock options and sold the resulting shares on September 3, 2026. He exercised options for 8,064 shares of common stock at an exercise price of $4.98 per share, then sold 8,064 shares of common stock at $23.66 per share the same day. These transactions were effected under a Rule 10b5-1 trading plan adopted on January 6, 2026. After the option exercise, he held 172,228 option shares directly, with those options currently exercisable and expiring on February 1, 2027.
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Insider Trade Summary 10b5-1
Exercise and Sale: 8,064 shares ($151K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Desmond Sean
Role
CEO & President
Sold
8,064 shs ($191K)
Approx. gross sale proceeds
$191K
Approx. exercise cost
$40K
Approx. pre-tax spread
$151K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F2 | 8,064 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 8,064 | $4.98 | $40K |
| Sale | Common Stock F1 | 8,064 | $23.66 | $191K |
Holdings After Transaction:
Stock Option (Right to Buy) — 172,228 contracts (Direct);
Common Stock — 1,231,080 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
Options exercised: 8,064 shares
Option exercise price: $4.98 per share
Shares sold: 8,064 shares
+4 more
7 metrics
Options exercised
8,064 shares
Stock options for nCino common stock exercised on September 3, 2026
Option exercise price
$4.98 per share
Exercise price for 8,064 option shares exercised on September 3, 2026
Shares sold
8,064 shares
Common stock sold on September 3, 2026 following the option exercise
Sale price
$23.66 per share
Price at which 8,064 common shares were sold on September 3, 2026
Remaining option holdings
172,228 shares
Shares subject to stock options held directly after the reported exercise
Option expiration date
February 1, 2027
Expiration date of the stock option that was partially exercised
Rule 10b5-1 plan adoption date
January 6, 2026
Date the CEO’s Rule 10b5-1 trading plan governing these trades was adopted
Key Terms
Rule 10b5-1 trading plan, stock option (right to buy), exercise price
3 terms
Rule 10b5-1 trading plan regulatory
"These exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted"
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
"Stock Option (Right to Buy) reported as a derivative security"
exercise price financial
"Options were exercised at an exercise price of $4.98 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transactions did nCino (NCNO) report for CEO Desmond Sean?
nCino reported that CEO Desmond Sean exercised options for 8,064 shares of common stock at $4.98 per share and sold 8,064 shares of common stock at $23.66 per share on September 3, 2026, in linked option-exercise and sale transactions.
Was the NCNO CEO’s September 3, 2026 transaction under a Rule 10b5-1 plan?
Yes. The filing states that these exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 6, 2026, indicating the trades were pre-arranged under that plan.
How many nCino (NCNO) options did the CEO exercise and at what price?
On September 3, 2026, the CEO exercised stock options covering 8,064 shares of nCino common stock at an exercise price of $4.98 per share. The option is described as currently exercisable and carries an expiration date of February 1, 2027.
How many nCino (NCNO) stock options remain after the CEO’s transaction?
After the September 3, 2026 option exercise, the CEO held 172,228 shares subject to stock options directly. The filing notes these options are currently exercisable and have an expiration date of February 1, 2027.
What type of securities were involved in the NCNO CEO’s Form 4 filing?
The filing reports transactions in a stock option (right to buy) and the underlying common stock. The option was exercised to acquire 8,064 shares of common stock, and the same number of common shares were then sold on September 3, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.