Company: NCNO
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001902733-25-000026
Chunk: 38

Company: nCino, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 38
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 ended January 31, 2025 was as follows:Number ofSharesWeightedAverageExercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (In thousands)Outstanding, January 31, 20241,212,704 $7.14 3.21$29,516 Granted— — Expired or forfeited(1,375)12.06 Exercised(399,727)6.96 10,890 Outstanding, January 31, 2025811,602 $7.22 2.27$21,742 Exercisable, January 31, 2025811,602 $7.22 2.27$21,742 Fully vested or expected to vest, January 31, 2025811,602 $7.22 2.27$21,742 The total intrinsic value of options exercised during the fiscal years ended January 31, 2023, 2024, and 2025 was $16.2 million, $19.0 million, and $10.9 million, respectively. Aggregate intrinsic value represents the total pre-tax intrinsic value, which is computed based on the difference between the option exercise price and the estimated fair value of the Company’s common stock at the time such option exercises. This intrinsic value changes based on changes in the fair value of the Company’s underlying stock.Restricted Stock UnitsRSU activity during the fiscal year ended January 31, 2025 was as follows:Number ofSharesWeighted AverageGrant Date FairValueNonvested, January 31, 20245,626,125 $33.19 Granted3,193,433 33.65 Vested(1,745,202)34.84 Forfeited(968,897)34.75 Nonvested, January 31, 20256,105,459 $32.78 The weighted average grant date fair value for RSUs granted during the fiscal years ended January 31, 2023, 2024, and 2025 was $41.54, $25.65, and $33.65, respectively.

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

The total fair value of RSUs vested for the fiscal years ended January 31, 2023