Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 138

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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, 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 share repurchase activity under the Company's share repurchase program (in thousands, except share and per share data):Three Months Ended July 31,Six Months Ended July 31,2024202520242025Total number of shares repurchased— 743,669 — 2,572,782 Average price per share(1)$— $26.89 $— $23.53 Aggregate purchase price(1)$— $19,995 $— $60,546 (1) Excludes transaction costs and excise tax associated with the repurchases, if any.All repurchases were made in open market transactions.As of July 31, 2025, the Company is authorized to repurchase a remaining $39.5 million of its common stock under the share 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 six months ended July 31, 2025 was as follows:Number ofSharesWeightedAverageExercise PriceOutstanding, January 31, 2025811,602 $7.22 Expired or forfeited(1,627)14.70 Exercised(247,346)5.19 Outstanding, July 31, 2025562,629 $8.09 Exercisable, July 31, 2025562,629 $8.09 Fully vested or expected to vest, July 31, 2025562,629 $8.09 Restricted Stock UnitsRSU activity during the six months ended July 31, 2025 was as follows:Number ofSharesWeighted AverageGrant Date FairValueNonvested, January 31, 20256,105,459 $32.78 Granted3,318,737 24.50 Vested(1,670,647)34.77 Forfeited(802,089)31.01 Nonvested, July 31, 20256,951,460 $28.57 As of July 31, 2025, total unrecognized compensation expense related to non-vested RSUs