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sellModerate cluster of 2

Jeff Horing sold $18M of NCNO

director at nCino, Inc.. 543,169 shares at an average of $32.34, traded Aug 28, 2025, filed Sep 2, 2025.

Warning score
53
Value
$18M
543,169 shares
Holdings after
3,915,422
-12% from before
From 52-week low
+50%
low $21.45, close $32.10
From 52-week high
-25%
high $42.64, as of Aug 28, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $17.6M at market
    +25
  • Share of holdings sold
    Sold 12% of holdings
    +5
  • Cluster
    2 insiders selling within 14 days
    +8

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -16.7%, 3m -21.3%, 6m -45.8%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

NCNOOct 12, 2026 · close 19.54
Since filing Sep 2, 2025: -37.1%SPY +23.2% · excess -60.3%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000899140-25-001111, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 28, 2025SOpen-market sale
Common Stockindirect: See Footnote
-210,212$32.26$6.8M4,248,379Sep 2, 2025
Aug 28, 2025SOpen-market sale
Common Stockindirect: See Footnote
-50,590$33.29$1.7M4,197,789Sep 2, 2025
Aug 29, 2025SOpen-market sale
Common Stockindirect: See Footnote
-282,367$32.23$9.1M3,915,422Sep 2, 2025

Related signals

Other insiders at nCino, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
1Weak
NCNOsell10b5-1
nCino, Inc.
Sean Desmond
CEO & President
$151k
8,064 shares
-1%
34Weak
NCNOsell 2
nCino, Inc.
April Rieger
Chief Lgl. & Admin Ofc., Sec
$134k
6,098 shares
-2%
17Weak
NCNOsell 310b5-1
nCino, Inc.
Sean Desmond
CEO & President
$191k
8,064 shares
-1%
23Weak
NCNOsell 2
nCino, Inc.
Jeanette Sellers
SVP of Accounting
$16k
690 shares
-1%
27Weak
NCNOsell 510b5-1
nCino, Inc.
Sean Desmond
CEO & President
$782k
40,490 shares
-3%
39Weak
NCNOsell 5
nCino, Inc.
Pierre Naude
CEO
$90k
4,677 shares
-0%
50Moderate
NCNOsell 5
nCino, Inc.
Gregory Orenstein
CFO & Treasurer
$226k
11,780 shares
-2%
41Moderate
NCNOsell 5
nCino, Inc.
April Rieger
Chief Lgl. & Admin Ofc., Sec
$151k
7,852 shares
-2%
16Weak
NCNOsell 510b5-1
nCino, Inc.
Jeanette Sellers
SVP of Accounting
$47k
2,423 shares
-5%
1Weak
NCNOsell10b5-1
nCino, Inc.
Sean Desmond
CEO & President
$141k
8,064 shares
-1%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Jeff Horing sold $18M of NCNO | InsiderTell