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sellNotable cluster of 3

Jeff Horing sold $117M of NCNO

director at nCino, Inc.. 3,915,422 shares at an average of $30.01, traded Sep 5, 2025, filed Sep 9, 2025.

Warning score
75
Value
$117M
3,915,422 shares
Holdings after
0
-100% from before
From 52-week low
+42%
low $21.45, close $30.40
From 52-week high
-29%
high $42.64, as of Sep 5, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $117.5M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    3 insiders selling within 14 days
    +15

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 -16.1%, 3m -18.3%, 6m -47.8%.

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 9, 2026 · close 19.73
Since filing Sep 9, 2025: -35.1%SPY +21.3% · excess -56.4%

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 0000899140-25-001118, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 5, 2025SOpen-market sale
Common Stockindirect: See footnote
-26,168$31.12$814k3,889,254Sep 9, 2025
Sep 8, 2025SOpen-market sale
Common Stockindirect: See footnote
-3,889,254$30.00$117M0Sep 9, 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%
10Weak
NCNOsell 210b5-1
nCino, Inc.
Sean Desmond
CEO & President
$191k
8,064 shares
-1%
1Weak
NCNOsell10b5-1
nCino, Inc.
Sean Desmond
CEO & President
$131k
8,064 shares
-1%
19Weak
NCNOsell 410b5-1
nCino, Inc.
Sean Desmond
CEO & President
$299k
16,589 shares
-1%
56Moderate
NCNOsell 4
nCino, Inc.
Sean Desmond
CEO & President
$398k
22,073 shares
-2%
50Moderate
NCNOsell 4
nCino, Inc.
Pierre Naude
director
$642k
35,650 shares
-3%
50Moderate
NCNOsell 4
nCino, Inc.
Gregory Orenstein
CFO & Treasurer
$264k
14,650 shares
-2%
41Moderate
NCNOsell 4
nCino, Inc.
April Rieger
Chief Lgl. & Admin Ofc., Sec
$175k
9,693 shares
-2%
18Weak
NCNOsell 410b5-1
nCino, Inc.
Sean Desmond
CEO & President
$263k
15,440 shares
-3%

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.