Insight Holdings Group Amends nCino Stake to 23.5%

TL;DR

Insight Holdings now owns 23.5% of nCino (NCNO) as of 7/24/24. Big stake!

AI Summary

Insight Holdings Group, LLC and its affiliates have filed an amendment to their Schedule 13D concerning nCino, Inc. (NCNO). As of July 24, 2024, these entities collectively beneficially own 48,531,923 shares of nCino common stock, representing approximately 23.5% of the outstanding shares. This filing indicates a significant stake in the company, potentially influencing corporate strategy or future actions.

Why It Matters

This filing by a major investment firm signals continued significant influence or potential strategic interest in nCino, Inc., which could impact the company's stock performance and governance.

Risk Assessment

Risk Level: medium — Significant ownership by a single entity can lead to concentrated decision-making power, potentially increasing volatility if that entity's strategy shifts.

Key Numbers

• 48,531,923 — Shares Owned (Represents a substantial beneficial ownership stake in nCino, Inc.)
• 23.5% — Ownership Percentage (Indicates significant control or influence over nCino, Inc.)

Key Players & Entities

• Insight Holdings Group, LLC (company) — Filing entity
• nCino, Inc. (company) — Subject company
• 48,531,923 (dollar_amount) — Number of shares beneficially owned
• 23.5% (dollar_amount) — Percentage of outstanding shares owned
• 20240724 (date) — Date of filing and change

FAQ

Key Financial Figures

• $0.0005 — , Inc. (Name of Issuer) Common Stock, $0.0005 Par Value Per Share (Title of Class of
• $31.51 — et transactions at a price per share of $31.51. These shares were sold in multiple tra
• $31.500 — ple transactions at prices ranging from $31.500 to $31.530, inclusive. The Reporting Pe
• $31 — tions at prices ranging from $31.500 to $31.530, inclusive. The Reporting Persons u
• $31.50 — et transactions at a price per share of $31.50. On July 2, 2024, the Reporting Person
• $31.000 — ple transactions at prices ranging from $31.000 to $31.675, inclusive. The Reporting Pe

Filing Documents

• i77238050.htm (SC 13D/A) — 380KB
• 0000899140-24-000760.txt ( ) — 383KB

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 June 25, 2024, the Reporting Persons sold 68,766 shares of Common Stock in open market transactions at a price per share of $31.51. These shares were sold in multiple transactions at prices ranging from $31.500 to $31.530, 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 26, 2024, the Reporting Persons sold 6,753 shares of Common Stock in open market transactions at a price per share of $31.51. These shares were sold in multiple transactions at prices ranging from $31.500 to $31.550, 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 27, 2024, the Reporting Persons sold 569,200 shares of Common Stock in open market transactions at a price per share of $31.50. On July 2, 2024, the Reporting Persons sold 133,487 shares of Common Stock in open market transactions at a price per share of $31.51. These shares were sold in multiple transactions at prices ranging from $31.500 to $31.565, 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 July 3, 2024, the Reporting Persons sold 9,922 shares of Common Stock in open market transactions at a price per share of $31.51. These shares were sold in multiple transactions at prices ranging from $31.500 to $31.600, 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 July 11, 2024,

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 Amendment No. 6, the Reporting Persons beneficially owned an aggregate of 19,513,467 shares of Common Stock, which represented approximately 17.0% 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. As of the Amendment No. 6, 255,130 shares of Common Stock (includes 5,874 restricted stock units) were beneficially owned by Jeffrey Horing, a Scheduled Person, and to the Reporting Persons' knowledge, no shares of Common Stock were 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. 7 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,

View Full Filing

View this SC 13D/A filing on SEC EDGAR