nCino (NCNO) director sells 4,677 shares to cover RSU tax withholding
Rhea-AI Filing Summary
nCino, Inc. director Naude Pierre reported a sale of 4,677 shares of Common Stock on August 4, 2026 at $19.218 per share. The shares were sold to cover tax withholding due upon vesting of RSUs under the company’s equity incentive plans and are described as non-discretionary “sales to cover.” After this transaction, Pierre holds 1,116,707 shares directly.
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Insider Trade Summary
Net Seller: 4,677 shares
Net Sell
1 txn
Insider
Naude Pierre
Role
Director
Sold
4,677 shs ($90K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 4,677 | $19.218 | $90K |
Holdings After Transaction:
Common Stock — 1,116,707 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: 4,677 shares
Sale price: $19.218 per share
Shares owned after sale: 1,116,707 shares
3 metrics
Shares sold
4,677 shares
Common Stock sale on August 4, 2026
Sale price
$19.218 per share
Per-share price for the 4,677 shares sold
Shares owned after sale
1,116,707 shares
Direct Common Stock holdings following the transaction
Key Terms
Restricted Stock Units, tax withholding, equity incentive plans, non-discretionary trade
4 terms
Restricted Stock Units financial
"These shares were sold to cover tax withholding due upon vesting of RSUs."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"shares were sold to cover tax withholding due upon vesting of RSUs."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
equity incentive plans financial
"“sales to cover” are mandated by the Issuer's equity incentive plans"
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.
non-discretionary trade financial
"do not represent a discretionary trade by the reporting person."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Naude Pierre report for nCino (NCNO)?
Naude Pierre reported selling 4,677 shares of nCino Common Stock. The sale occurred on August 4, 2026 at a price of $19.218 per share, and was tied to tax withholding on vesting RSUs rather than a discretionary trade.