Insight Holdings Amends nCino Stake Filing

TL;DR

Insight Holdings updated their nCino filing on 4/11. Watch for changes in ownership.

AI Summary

Insight Holdings Group, LLC and its affiliates have filed a 13D/A amendment on April 11, 2024, regarding their holdings in nCino, Inc. The filing details changes in beneficial ownership, but specific new dollar amounts or percentage changes are not immediately apparent from this header information.

Why It Matters

This filing indicates ongoing activity and potential strategic shifts by a significant investor in nCino, Inc., which could influence the company's stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings by major investors can signal shifts in strategy or potential future actions that could impact stock price.

Key Players & Entities

• Insight Holdings Group, LLC (company) — Filing entity
• nCino, Inc. (company) — Subject company
• 0000899140-24-000485 (filing_id) — Accession number for the filing

FAQ

Key Financial Figures

• $0.0005 — , Inc. (Name of Issuer) Common Stock, $0.0005 Par Value Per Share (Title of Class of

Filing Documents

• i73156710.htm (SC 13D/A) — 364KB
• 0000899140-24-000485.txt ( ) — 367KB

Source and Amount of Funds or Other Considerations

Item 3. Source and Amount of Funds or Other Considerations.

of the Schedule 13D is amended to add the following

Item 3 of the Schedule 13D is amended to add the following: On April 9, 2024, the Reporting Persons distributed an aggregate of 5,009,547 shares of Common Stock to their respective partners on a pro rata basis in accordance with their respective ownership interests as determined in accordance with the applicable limited partnership agreements of such entities. The respective partners of the Reporting Persons did not furnish any consideration in exchange for the shares of Common Stock received in connection with such distributions.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Items 5(a) and 5(b) of the Schedule 13D are amended as follows: The responses of the Reporting Persons on the cover pages hereof are incorporated herein by reference. As of the date hereof, the Reporting Persons beneficially own an aggregate of 29,013,467 shares of Common Stock, which represent approximately 25.4% of the Common Stock outstanding. The percentage of the Common Stock beneficially owned by each Reporting Person as reported herein (including on the cover pages hereof) is calculated based on 114,216,575 shares of Common Stock outstanding as of March 21, 2024, as set forth in the Issuer's annual report for the fiscal year ended January 31, 2024, as filed with the SEC on March 26, 2024 (the "10-K"). Each of Holdings, IVA X Ltd, IVA IX Ltd, IVA GBC Ltd, IVA X, IVA IX and IVA GBC expressly declare that nothing herein shall be construed as an admission that it is, for the purposes of sections 13(d) or 13(g) of the Act or for any other purpose, the beneficial owner of any securities covered hereby. IVP X expressly declares that nothing herein shall be construed as an admission that it is, for the purposes of sections 13(d) or 13(g) of the Act or for any other purpose, the beneficial owner of all of the securities owned by the IVP X HoldCos. 181,648 shares of Common Stock are beneficially owned by Jeffrey Horing, a Scheduled Person. To the Reporting Persons' knowledge, no shares of Common Stock are beneficially owned by any other Scheduled Person.

(c) of the Schedule 13D is amended as follows

Item 5(c) of the Schedule 13D is amended as follows: The information contained in Item 3 of this Amendment No. 3 is incorporated herein by reference, as applicable.

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits. Exhibit 7.1 Joint Filing Agreement, dated as of January 18, 2022, by and among the Reporting Persons (incorporated by reference to Exhibit 7.1 to the Schedule 13D filed on behalf of the Reporting Persons with the SEC on January 18, 2022). 23

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: April 11, 2024 INSIGHT VENTURE PARTNERS X, L.P. By: Insight Venture Associates X, L.P., its general partner By: Insight Venture Associates X, Ltd., its general partner By: /s/ Andrew Prodromos Name: Andrew Prodromos Title: Authorized Officer Dated: April 11, 2024 INSIGHT VENTURE PARTNERS (CAYMAN) X, L.P. By: Insight Venture Associates X, L.P., its general partner By: Insight Venture Associates X, Ltd., its general partner By: /s/ Andrew Prodromos Name: Andrew Prodromos Title: Authorized Officer Dated: April 11, 2024 INSIGHT VENTURE PARTNERS (DELAWARE) X, L.P. By: Insight Venture Associates X, L.P., its general partner By: Insight Venture Associates X, Ltd., its general partner By: /s/ Andrew Prodromos Name: Andrew Prodromos Title: Authorized Officer Dated: April 11, 2024 INSIGHT VENTURE PARTNERS X (CO-INVESTORS), L.P. By: Insight Venture Associates X, L.P., its general partner By: Insight Venture Associates X, Ltd., its general partner By: /s/ Andrew Prodromos Name: Andrew Prodromos Title: Authorized Officer Dated: April 11, 2024 INSIGHT SN HOLDINGS, LLC By: /s/ Andrew Prodromos Name: Andrew Prodromos Title: Authorized Officer Dated: April 11, 2024 INSIGHT SN HOLDINGS 2, LLC By: /s/ Andrew Prodromos Name: Andrew Prodromos Title: Authorized Officer Dated: April 11, 2024 INSIGHT VENTURE PARTNERS IX, L.P. By: Insight Venture Associates IX, L.P., its general partner By: Insight Venture Associates IX, Ltd., its general partner By: /s/ Andrew Prodromos Name: Andrew Prodromos Title: Authorized Officer Dated: April 11, 2024 INSIGHT VENTURE PARTNERS (CAYMAN) IX, L.P. By: Insight Venture Associates IX, L.P., its general partner By: Insight Venture Associates IX, Ltd., its general partner By: /s/ Andrew Prodro

View Full Filing

View this SC 13D/A filing on SEC EDGAR