Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 66

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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. The volume, price, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The Stock Repurchase Program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of our Board of Directors.The following table summarizes the stock repurchase activity under the Company’s Stock Repurchase Program (in thousands, except share and per share data):Three Months Ended October 31,Nine Months Ended October 31,2024202520242025Total number of shares repurchased— 1,423,701 — 3,996,483 Average price per share(1)$— $27.71 $— $25.02 Aggregate purchase price(1)$— $39,454 $— $100,000 (1) Excludes transaction costs and excise tax associated with the repurchases, if any.All repurchases were made in open market transactions.As of October 31, 2025, the Company had completed the purchase authorization under the Stock Repurchase Program.

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Table of ContentsnCino, Inc.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(In thousands, except share and per share amounts and unless otherwise indicated)

Stock OptionsStock option activity for the nine months ended October 31, 2025 was as follows:Number ofSharesWeightedAverageExercise PriceOutstanding, January 31, 2025811,602 $7.22 Expired or forfeited(1,627)14.70 Exercised(274,046)5.67 Outstanding, October 31, 2025535,929 $7.99 Exercisable, October 31, 2025535,929 $7.99 Fully vested or expected to vest, October 31, 2025535,929 $7.99 Restricted Stock UnitsRSU activity during the nine months ended October 31, 2025 was as follows:Number ofSharesWeighted AverageGrant Date FairValueNonvested, January 31, 20256,105,459 $32.78 Granted3,664,333 24.75 Vested(2