secwatch.observer — SEC 8-K summary
======================================

Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001902733-24-000199
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino amends employment agreements for CEO, CFO, CPO with updated severance and compensation
--------------------------------------------------------------------------------

- CEO Pierre Naudé gets $515K base salary, 100% target bonus, 24-month equity vesting on non-CIC termination.
- CFO Greg Orenstein and CPO Sean Desmond receive 1x base plus target bonus severance, 12-month equity vesting.
- CIC severance for Naudé: 1.5x base + bonus, COBRA up to 18 months; Orenstein/Desmond: 1.5x base + bonus, 12-month COBRA.
- Agreements effective December 19, 2024; at-will employment remains unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000199/0001902733-24-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000199/ncno-20241218.htm
  HTML page:      https://secwatch.observer/filing/0001902733-24-000199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer