Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 140

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 $100.0 million of our outstanding common stock (the “Stock Repurchase Program”). The Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transaction, or by other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, price, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The Stock Repurchase Program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of our Board of Directors.The following table summarizes the stock repurchase activity under the Company’s Stock Repurchase Program (in thousands, except share and per share data):Three Months Ended October 31,Nine Months Ended October 31,2024202520242025Total number of shares repurchased— 1,423,701 — 3,996,483 Average price per share(1)$— $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