---
schema_version: "secwatch.filing_event.v1"
accession: "0001902733-23-000003"
form_type: "8-K"
ticker: "NCNO"
cik: "0001902733"
company_name: "nCino, Inc."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:17:16.917574+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# nCino names Greg Orenstein CFO, cuts 7% of workforce, reaffirms Q4/FY23 guidance

## Summary
- Greg Orenstein promoted from Chief Corporate Development & Strategy Officer to CFO; David Rudow terminated without cause effective Jan 31, 2023.
- Workforce reduction of ~7% and office space reductions; expects $4.5-5.0M charge in Q4 FY2023.
- Reaffirms Q4 FY2023 guidance: total rev $104-105M, subscription rev $90-91M, non-GAAP op loss ($3.0-4.0M), non-GAAP EPS ($0.04-0.05).
- Reaffirms FY2023 guidance: total rev $403-404M, subscription rev $342-343M, non-GAAP op loss ($7.0-8.0M), non-GAAP EPS ($0.15-0.17).
- Cash payments for severance and lease exit fees expected in Q1 FY2024.

## SEC filing metadata
- accession: 0001902733-23-000003
- form_type: 8-K
- ticker: NCNO
- cik: 0001902733
- company_name: nCino, Inc.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1902733/000190273323000003/0001902733-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1902733/000190273323000003/ncno-20230117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001902733-23-000003
- JSON: https://secwatch.observer/filing/0001902733-23-000003.json
- Plain text: https://secwatch.observer/filing/0001902733-23-000003.txt

## Key facts
- Executive change
  David Rudow departed as Chief Financial Officer & Treasurer at nCino, Inc..
  - Action: terminated without cause
  - Role: Chief Financial Officer & Treasurer
  source text: On January 17, 2023, the Board of Directors of nCino, Inc. (the “Company”) appointed its current Chief Corporate Development & Strategy Officer, Greg Orenstein, to the position of Chief Financial Officer & Treasurer, succeeding David Rudow whose employment with the Company was terminated without cause effective as of January 31, 2023 (the “Transition Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902733/000190273323000003/0001902733-23-000003-index.htm
- Executive change
  Greg Orenstein was appointed as Chief Financial Officer & Treasurer at nCino, Inc..
  - Action: appointed
  - Role: Chief Financial Officer & Treasurer
  source text: On January 17, 2023, the Board of Directors of nCino, Inc. (the “Company”) appointed its current Chief Corporate Development & Strategy Officer, Greg Orenstein, to the position of Chief Financial Officer & Treasurer, succeeding David Rudow whose employment with the Company was terminated without cause effective as of January 31, 2023 (the “Transition Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902733/000190273323000003/0001902733-23-000003-index.htm
- Restructurings & Charges
  nCino, Inc. announced a restructuring with charges of approximately $4.5 to $5.0 million (approximately seven percent (7%)).
  - Type: restructuring
  - Charge: approximately $4.5 to $5.0 million
  - Headcount: approximately seven percent (7%)
  source text: On January 18, 2023, nCino, Inc. (the “Company”) announced a workforce reduction of approximately seven percent (7%) and office space reductions in certain markets (collectively, the “Plan”) in furtherance of its efforts to improve operating margins and advance the Company’s objective of profitable growth as discussed on its third quarter fiscal 2023 earnings call. Communications to impacted employees will be completed by the end of the fourth quarter of the Company’s fiscal 2023. The actions associated with the office space reductions are expected to be fully completed in fiscal 2024. The Company expects to incur charges in the fourth quarter of the Company’s fiscal 2023 of approximately $4.5 to $5.0 million in connection with the Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902733/000190273323000003/0001902733-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.