The Form 144 itself is routine and small in size relative to market cap. However, the pattern of consistent insider selling by a key officer/director over the past two months warrants monitoring. Traders should watch for any upcoming earnings or material developments that might explain the selling, but no immediate action is required.
Price Chart
Executive Summary
Sean Desmond, an officer and director of nCino, filed a Form 144 notice of intent to sell 8,064 shares of common stock, with an estimated aggregate market value of approximately $131,121. The shares were acquired through options granted on February 1, 2017. This filing follows a series of recent open-market sales by Desmond totaling 59,849 shares between April and May 2026, suggesting a pattern of ongoing portfolio diversification.
Key Facts
- Sean Desmond (Officer/Director) filed Form 144 to sell 8,064 shares of nCino common stock.
- Estimated aggregate market value of the proposed sale is approximately $131,121.
- Shares were acquired via options granted on February 1, 2017.
- Desmond has sold 59,849 shares in four separate transactions between April 2 and May 5, 2026.
- The filing is an advance notice of intent to sell; the actual sale may not occur.
Financial Impact
Proposed sale of 8,064 shares valued at ~$131K, representing a small fraction of Desmond's total holdings and less than 0.01% of nCino's $1.8B market cap.
Risk Factors
- Continued insider selling could signal lack of confidence in near-term prospects.
- The proposed sale may not execute; Form 144 is only an intent to sell.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004283 |
| Document: 0001959173-26-004283-index.html | 0001959173-26-004283 |
| Document: 0001959173-26-004283.txt | 0001959173-26-004283 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 144 | $19.73 | awaiting T+60 | — | $23.42 (+18.70%) |
Oct 5, 2026 21d ago | 144 | $19.28 | awaiting T+60 | — | $23.42 (+21.47%) |
Sep 8, 2026 6w ago | Insider Cluster | $21.73 | awaiting T+60 | — | $23.42 (+7.78%) |
Sep 3, 2026 7w ago | 144 | $23.63 | awaiting T+60 | — | $23.42 (−0.89%) |
Aug 25, 2026 8w ago | Press Release | $21.51 | awaiting T+60 | — | $23.42 (+8.88%) |
Aug 6, 2026 11w ago | Insider Cluster | $19.17 | awaiting T+60 | — | $23.42 (+22.17%) |
Aug 6, 2026 11w ago | Insider Cluster | $19.17 | awaiting T+60 | — | $23.42 (+22.17%) |
Aug 5, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
Aug 5, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
Aug 4, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
US Market Status
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