nCino (NCNO) CFO sells 11,780 shares for RSU tax withholding
Rhea-AI Filing Summary
nCino, Inc. Chief Financial Officer and Treasurer Gregory Orenstein reported a sale of 11,780 shares of common stock on August 4, 2026 at $19.218 per share. The shares were sold to cover RSU tax withholding mandated by the equity incentive plans and were not a discretionary trade. After this transaction, Orenstein directly holds 690,513 shares.
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Insider Trade Summary
Net Seller: 11,780 shares
Net Sell
1 txn
Insider
Orenstein Gregory
Role
CFO & Treasurer
Sold
11,780 shs ($226K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 11,780 | $19.218 | $226K |
Holdings After Transaction:
Common Stock — 690,513 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.
Key Figures
Shares sold: 11,780 shares
Sale price per share: $19.218
Shares owned after transaction: 690,513 shares
+1 more
4 metrics
Shares sold
11,780 shares
Common stock sale on August 4, 2026 to cover RSU tax withholding
Sale price per share
$19.218
Price per share for the 11,780 common shares sold
Shares owned after transaction
690,513 shares
Direct holdings of Gregory Orenstein following the reported sale
Net shares sold
11,780 shares
Net sell shares reported in the transaction summary
Key Terms
RSUs, equity incentive plans, tax withholding obligations, sales to cover
4 terms
RSUs financial
"These shares were sold to cover tax withholding due upon vesting of RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
equity incentive plans financial
"sales to cover are mandated by the Issuer's equity incentive plans to satisfy tax"
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.
tax withholding obligations financial
"plans to satisfy tax withholding obligations and do not represent a discretionary trade"
sales to cover financial
"Such "sales to cover" are mandated by the Issuer's equity incentive plans"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did nCino (NCNO) report for CFO Gregory Orenstein?
Gregory Orenstein, nCino’s CFO and Treasurer, sold 11,780 common shares at $19.218 on August 4, 2026. The sale was tied to RSU vesting to satisfy tax withholding, and he now directly owns 690,513 shares of nCino common stock.
Was the NCNO insider sale by the CFO a discretionary trade?
No. The filing explains the shares were sold solely to cover tax withholding due upon vesting of RSUs under nCino’s equity incentive plans. It states these “sales to cover” are mandated and do not represent a discretionary trade by the reporting person.
Did the NCNO CFO’s transaction occur under a Rule 10b5-1 trading plan?
No. The Rule 10b5‑1 checkbox in the filing is not affirmed, and the footnote describes the sale as a mandated “sale to cover” for RSU tax withholding, rather than execution under a pre-arranged Rule 10b5‑1 trading plan.