[Form 4] nCino, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jeffrey Horing, a director of nCino, Inc. (NCNO), reported multiple sales of Common Stock on 08/28/2025 and 08/29/2025. The Form 4 lists sales (code S) of 210,212 shares at $32.2615, 50,590 shares at $33.2906, and 282,367 shares at $32.2264, plus a reported disposition of 124,988 shares. After these transactions the filing shows beneficial ownership figures of 4,248,379, 4,197,789 and 3,915,422 shares following the respective transactions, and indicates indirect ownership in certain holdings. The filing is signed by Mr. Horing on 09/02/2025 and references Exhibit 99.1 for detailed explanations of the entries.

Positive

• None.

Negative

• Multiple substantial dispositions by a director were reported on 08/28/2025 and 08/29/2025, reducing reported beneficial ownership from 4,248,379 to 3,915,422 shares.
• Form lacks the referenced Exhibit 99.1 in the provided content, so explanatory context for the transactions is not available here.

Insights

Financial Analyst

TL;DR: Director executed multiple disclosed stock sales reducing reported beneficial ownership materially; no earnings or other corporate events disclosed.

The Form 4 documents several open-market dispositions by a director across two dates with specific share counts and per-share prices. Reported beneficial ownership figures decline across the listed transactions, indicating a net reduction in the director's aggregate position as reported on the form. The filing includes a referenced exhibit for explanatory detail but provides no operational or financial drivers for the transactions. For investors, director sales are a notable disclosure event but require context from Exhibit 99.1 or company communications to assess significance.

Corporate Governance Expert

TL;DR: Governance disclosure appears complete on Form 4 with signed attestation and exhibit reference; multiple director sales disclosed.

The filing follows Section 16 reporting format and is signed by the reporting person, which satisfies technical disclosure requirements. Multiple sales by a director are clearly itemized with dates, share counts, and prices, and the form notes indirect ownership where applicable. The presence of Exhibit 99.1 suggests additional context for the transactions; absent that exhibit within this content, governance implications such as compliance with trading plans or blackout periods cannot be determined from the form alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HORING JEFF

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
nCino, Inc. [ NCNO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/28/2025		S		210,212	D	$32.2615(1)	4,248,379	I	See Footnote(4)(5)
Common Stock	08/28/2025		S		50,590	D	$33.2906(2)	4,197,789	I	See Footnote(4)(5)
Common Stock	08/29/2025		S		282,367	D	$32.2264(3)	3,915,422	I	See Footnote(4)(5)
Common Stock								137,527	I	See Footnote(6)
Common Stock								124,988	D(7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. See Exhibit 99.1

2. See Exhibit 99.1

3. See Exhibit 99.1

4. See Exhibit 99.1

5. See Exhibit 99.1

6. See Exhibit 99.1

7. See Exhibit 99.1

Remarks:

Exhibit List Exhibit 99.1 - Explanation of Responses

	/s/ Jeffrey Horing	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What trades did NCNO director Jeffrey Horing report on Form 4?

The Form 4 reports sales on 08/28/2025 of 210,212 shares at $32.2615 and 50,590 shares at $33.2906, and on 08/29/2025 of 282,367 shares at $32.2264, plus a disposition of 124,988 shares.

How did the reported beneficial ownership change after the transactions?

The filing shows beneficial ownership figures of 4,248,379, 4,197,789, and 3,915,422 following the reported transactions, indicating a net reduction in the reported position.

Did the filing indicate whether the ownership is direct or indirect?

Yes. The Form 4 indicates indirect ownership for several reported amounts and references footnotes and Exhibit 99.1 for the nature of indirect beneficial ownership.

When was the Form 4 signed by the reporting person?

The filing is signed by Jeffrey Horing on 09/02/2025.

Is there explanatory information about these transactions in the filing?

The Form references Exhibit 99.1 for explanations of responses and transaction details, but that exhibit is not included in the provided content.