nCino CLO sells 6,098 shares to cover taxes
nCino’s chief legal officer reported a mandatory sale of 6,098 shares to cover tax withholding on vested RSUs, retaining 369,651 shares.
Rhea-AI Filing Summary
nCino, Inc. insider April Rieger, its Chief Legal & Administrative Officer and Secretary, reported a sale of 6,098 shares of common stock on September 15, 2026 at about $21.98 per share. According to the company’s equity plans, these shares were sold solely to cover tax withholding on vested RSUs, and Rieger directly holds 369,651 shares afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,098 shares
Net Sell
1 txn
Insider
Rieger April
Role
Chief Lgl. & Admin Ofc., Sec
Sold
6,098 shs ($134K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 6,098 | $21.983 | $134K |
Holdings After Transaction:
Common Stock — 369,651 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: 6,098 shares
Sale price per share: $21.98 per share
Shares held after transaction: 369,651 shares
+1 more
4 metrics
Shares sold
6,098 shares
Common stock sale reported for September 15, 2026
Sale price per share
$21.98 per share
Average price for the 6,098 shares sold on September 15, 2026
Shares held after transaction
369,651 shares
Direct ownership by April Rieger after the September 15, 2026 sale
Net shares sold
6,098 shares
Net disposition across all transactions in this Form 4
Key Terms
Restricted Stock Units (RSUs), equity incentive plans, tax withholding obligations, sale to cover
4 terms
Restricted Stock Units (RSUs) financial
"tax withholding due upon vesting of RSUs"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
equity incentive plans financial
"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
"to cover tax withholding due upon vesting of RSUs"
sale to cover financial
"Such "sales to cover" are mandated by the Issuer's equity"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did nCino (NCNO) report for April Rieger?
April Rieger reported a sale of 6,098 shares of nCino common stock on September 15, 2026 at about $21.98 per share, leaving her with 369,651 shares held directly after the transaction.
Was April Rieger’s NCNO sale under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the footnote explains the sale was a mandated “sale to cover” tax withholding on vested RSUs, rather than a discretionary or plan-based trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.