nCino's CFO Still Holds $13 Million in Stock After Selling. Here's How to Read It
This restricted stock unit vesting triggered a non-discretionary sale of $226,412 worth of shares.
Overview
Gregory Orenstein, the chief financial officer of nCino, Inc. (NASDAQ:NCNO), sold 11,780 shares of common stock on August 4, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($19.22); post-transaction value based on August 4, 2026 market close ($19.50).
Details
nCino operates as a leading SaaS provider to the financial services sector, with a market capitalization of $2.1 billion and TTM revenues of $610.1 million. The company's cloud-based platform addresses the critical need for digital transformation within traditional financial institutions by automating complex workflows and integrating advanced AI/ML capabilities. With 1,684 employees and a geographically diversified customer base, nCino is positioned as a key technology infrastructure provider for the modernization of banking operations.
Source
Originally published at www.fool.com.