{"schema_version":"secwatch.filing_event.v1","accession":"0001902733-25-000070","form_type":"8-K","ticker":"NCNO","cik":"0001902733","company_name":"nCino, Inc.","filed_at":"2025-05-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.431228+00:00","generated_at":"2026-05-20T11:31:39.302496+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"nCino announces ~7% workforce reduction, expects $7.5-9M in charges","bullets":["Workforce reduction of ~7% and office space reductions announced on May 27, 2025.","Expects $7.5-9.0M in charges in Q2 FY2026, including $1.0M non-cash asset disposal charges.","Cash payments for severance, benefits, and lease exit fees to be substantially complete in Q2 FY2026.","Company will exclude these charges from non-GAAP financial measures."],"urls":{"canonical":"https://secwatch.observer/filing/0001902733-25-000070","json":"https://secwatch.observer/filing/0001902733-25-000070.json","markdown":"https://secwatch.observer/filing/0001902733-25-000070.md","text":"https://secwatch.observer/filing/0001902733-25-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/0001902733-25-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/ncno-20250527.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T11:31:39.302496+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e734656ee3efb86162e4edc6ab9ebe2151c763a7","claim":"nCino, Inc. announced a restructuring with charges of approximately $7.5 to $9.0 million, inclusive of $1.0 million of estimated non-cash charges (approximately seven percent (7%)).","evidence_excerpt":"substantially completed by the end of the second quarter of the Company’s fiscal 2026. The Company expects to incur charges in the second quarter of fiscal 2026 of approximately $7.5 to $9.0 million, inclusive of $1.0 million of estimated non-cash charges, primarily for asset disposals in connection with the Plan. Cash payments consisting of severance and","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/0001902733-25-000070-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $7.5 to $9.0 million, inclusive of $1.0 million of estimated non-cash charges"},{"label":"Headcount","value":"approximately seven percent (7%)"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}