Capital International Reports 5.1% Passive Stake in nCino (NCNO)

Rhea-AI Filing Summary

Capital International Investors, an investment management division, reports beneficial ownership of 5,857,423 shares of nCino, representing 5.1% of the 115,941,576 shares believed outstanding. The filing is a Schedule 13G as an investment adviser (IA) and states CII has sole voting and sole dispositive power over all reported shares with no shared voting or dispositive arrangements. The statement includes that these holdings are managed in the ordinary course of business and are not held to influence control of the issuer. SMALLCAP World Fund, Inc. is identified as a related account on whose behalf securities are owned.

Positive

• Beneficial ownership exceeds 5%, with 5,857,423 shares reported, triggering required public disclosure and indicating institutional interest.
• Sole voting and dispositive power over the reported shares provides clarity about who controls voting rights for this stake.
• Filed on Schedule 13G as an investment adviser, indicating the filer certifies the stake is passive and not intended to influence control.

Negative

• None.

Insights

Financial Analyst

TL;DR: A major institutional investor holds a passive >5% stake, signaling notable institutional ownership without control intent.

The filing shows Capital International Investors holds 5,857,423 shares, or 5.1% of the company, and reports sole voting and dispositive power. Because this is filed on Schedule 13G as an investment adviser, the filer certifies the stake is passive and not intended to change or influence control. For investors, the item is material because crossing the 5% threshold requires disclosure and reflects institutional interest, but the passive classification limits immediate governance implications.

Corporate Governance Expert

TL;DR: The holder reports clear sole authority over shares but affirms no intent to pursue control, reducing near-term governance risk.

Capital International Investors is designated as an IA and reports sole voting and dispositive power for 5.1% of outstanding shares. The certification that holdings are in the ordinary course and not aimed at influencing control is important: it differentiates this disclosure from an activist or control-seeking 13D. From a governance perspective, the filing signals increased institutional ownership without an associated threat to existing management or strategy.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Ncino, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

63947X101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 63947X101

1

Names of Reporting Persons

Capital International Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,857,423.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,857,423.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,857,423.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ncino, Inc.
(b)	Address of issuer's principal executive offices: 6770 PARKER FARM DRIVE, WILMINGTON, NC 28405
Item 2.
(a)	Name of person filing: Capital International Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 63947X101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,857,423 ** **Capital International Investors ("CII") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 5,857,423 shares or 5.1% of the 115,941,576 shares believed to be outstanding.
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,857,423
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,857,423
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. SMALLCAP World Fund, Inc.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital International Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	08/12/2025

FAQ

How many nCino (NCNO) shares does Capital International Investors own?

5,857,423 shares are reported as beneficially owned.

What percentage of NCNO does this holding represent?

5.1% of the 115,941,576 shares believed to be outstanding.

Does Capital International Investors have voting control over these shares?

Yes. The filer reports sole voting power and sole dispositive power for all reported shares and no shared voting or dispositive power.

Is this stake intended to influence control of nCino?

No. The Schedule 13G certification states the holdings are in the ordinary course of business and not held to change or influence control of the issuer.

On whose behalf are some shares held?

SMALLCAP World Fund, Inc. is identified as an account on whose behalf securities are owned.