Insight Holdings Adjusts nCino Stake

TL;DR

Insight Holdings just amended their 13D for nCino, Inc. - ownership change incoming.

AI Summary

Insight Holdings Group, LLC and its affiliates filed an SC 13D/A on October 18, 2024, reporting a change in their beneficial ownership of nCino, Inc. The filing indicates a shift in their holdings, though specific new percentages or dollar amounts are not detailed in this excerpt. This amendment suggests a strategic adjustment by Insight Holdings regarding their investment in nCino.

Why It Matters

This filing signals a potential shift in the ownership structure of nCino, Inc., which could influence the company's strategic direction and market perception.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by significant holders like Insight Holdings can indicate shifts in strategy or market sentiment, potentially impacting the stock price.

Key Players & Entities

• Insight Holdings Group, LLC (company) — Reporting entity
• nCino, Inc. (company) — Subject company
• Insight Venture Partners (company) — Affiliated entity

FAQ

Key Financial Figures

• $0.0005 — Inc. (Name of Issuer) Common Stock, $0.0005 Par Value Per Share (Title of Class of
• $36.02 — et transactions at a price per share of $36.02. These shares were sold in multiple tra
• $36.000 — ple transactions at prices ranging from $36.000 to $36.205, inclusive. The Reporting Pe
• $36 — tions at prices ranging from $36.000 to $36.205, inclusive. The Reporting Persons u
• $36.16 — et transactions at a price per share of $36.16. These shares were sold in multiple tra
• $36.150 — ple transactions at prices ranging from $36.150 to $36.300, inclusive. The Reporting Pe

Filing Documents

• tm2426537d1_sc13da.htm (SC 13D/A) — 324KB
• 0001104659-24-109986.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

Item 3 of the Schedule 13D is amended to add the following: On October 16, 2024, the Reporting Persons sold 1,356,721 shares of Common Stock pursuant to a Rule 10b5-1 plan adopted on April 10, 2024 in open market transactions at a price per share of $36.02. These shares were sold in multiple transactions at prices ranging from $36.000 to $36.205, 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 October 17, 2024, the Reporting Persons sold 309,304 shares of Common Stock pursuant to a Rule 10b5-1 plan adopted on April 10, 2024 in open market transactions at a price per share of $36.16. These shares were sold in multiple transactions at prices ranging from $36.150 to $36.300, 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.

Purpose of Transaction

Item 4. Purpose of Transaction.

the Schedule 13D is amended

Item 4 the Schedule 13D is amended as follows: The information contained in Item 3 of this Amendment No. 10 is incorporated herein by reference, as applicable.

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 this Amendment No. 10, the Reporting Persons beneficially own an aggregate of 14,347,442 shares of Common Stock, which represent approximately 12.4% 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 115,559,517 shares of Common Stock outstanding as of August 22, 2024, as set forth in the Issuer’s quarterly report for the quarterly period ended July 31, 2024, as filed with the SEC on August 27, 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 this Amendment No. 10, 255,130 shares of Common Stock (includes 5,874 restricted stock units) are 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

Item 5(c) of the Schedule 13D is amended as follows: The information contained in Item 3 of this Amendment No. 10 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: October 18, 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: October 18, 2024 INSIGHT VENTURE PARTNERS (CAYMAN) X, L.P. By: Insight Venture Associates X, L.

View Full Filing

View this SC 13D/A filing on SEC EDGAR