Insight Holdings Group Amends nCino Stake Filing

TL;DR

Insight Holdings Group updated their nCino stake filing on 6/26/24.

AI Summary

Insight Holdings Group, LLC and its affiliates have filed an amendment to their Schedule 13D, reporting a change in beneficial ownership of nCino, Inc. as of June 26, 2024. The filing details the group's holdings and their intentions regarding the company's securities.

Why It Matters

This filing indicates potential shifts in significant shareholder positions, which could influence nCino's stock performance and corporate strategy.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by large investment groups can signal strategic shifts or potential market influence, warranting attention.

Key Numbers

• 005-93247 — SEC File Number (Identifies the specific SEC filing for nCino, Inc.)
• 241070544 — Film Number (Internal SEC processing number for the filing.)

Key Players & Entities

• Insight Holdings Group, LLC (company) — Reporting entity
• nCino, Inc. (company) — Subject company
• 6770 Parker Farm Drive, Wilmington, NC 28405 (location) — Business address of nCino, Inc.

FAQ

Key Financial Figures

• $0.0005 — Inc. (Name of Issuer) Common Stock, $0.0005 Par Value Per Share (Title of Class of
• $31.55 — et transactions at a price per share of $31.55. These shares were sold in multiple tr
• $31.500 — ple transactions at prices ranging from $31.500 to $31.700, inclusive. The Reporting Pe
• $31 — tions at prices ranging from $31.500 to $31.700, inclusive. The Reporting Persons u
• $31.60 — et transactions at a price per share of $31.60. These shares were sold in multiple tra
• $31.400 — ple transactions at prices ranging from $31.400 to $31.815, inclusive. The Reporting Pe
• $31.53 — et transactions at a price per share of $31.53. These shares were sold in multiple tra

Filing Documents

• tm2418276d1_sc13da.htm (SC 13D/A) — 323KB
• 0001104659-24-074908.txt ( ) — 326KB

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

Item 3 of the Schedule 13D is amended to add the following: On June 18, 2024, the Reporting Persons sold 703,952 shares of Common Stock in open market transactions at a price per share of $31.55. These shares were sold in multiple transactions at prices ranging from $31.500 to $31.700, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price. On June 21, 2024, the Reporting Persons sold 456,169 shares of Common Stock in open market transactions at a price per share of $31.60. These shares were sold in multiple transactions at prices ranging from $31.400 to $31.815, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price. On June 24, 2024, the Reporting Persons sold 323,332 shares of Common Stock in open market transactions at a price per share of $31.53. These shares were sold in multiple transactions at prices ranging from $31.500 to $31.765, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.

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 25,658,186 shares of Common Stock, which represent approximately 22.30% 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 115,084,198 shares of Common Stock outstanding as of May 24, 2024, as set forth in the Issuer’s quarterly report for the quarterly period ended April 30, 2024, as filed with the SEC on May 29, 2024 (the “10-Q”). 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. 255,130 shares of Common Stock (includes 5,874 restricted stock units) 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

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

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: June 25, 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: June 25, 2024 INSIGHT VENTURE PARTNERS (CAYMAN) X, L.P. By: Insight Venture Associate

View Full Filing

View this SC 13D/A filing on SEC EDGAR