Company: NCNO
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001193125-25-103772
Chunk: 45

Company: nCino, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 45
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 or its affiliates to provide consulting services to the Company for a global job review, market benchmarking, and design of the Company’s overall job structure. While the Compensation Committee was aware of the retention of Aon and its affiliates for these other services, the Compensation Committee was not involved in the decision to engage, or the approval of, the engagement of Aon or its affiliates for these other services. In fiscal 2025, Aon was paid about $189,619 for these global job review consulting services. The Compensation Committee reviewed the independence of Aon under Nasdaq and SEC rules and concluded that the work of Aon has not raised any conflict of interest. Selection of and Comparison to Peer Group To obtain a broad view of competitive practices among industry peers and competitors for executive talent, the Compensation Committee reviews market data for peer group companies as well as for our general industry. While the Compensation Committee considers relevant market pay practices when setting executive compensation, it does not believe it is appropriate to establish compensation levels based only on market practices. The Compensation Committee believes that compensation decisions are complex and require a deliberate review of Company and individual performance and peer compensation levels. The factors that influence the amount of compensation awarded include, but are not limited to:

| • |     | Market competitiveness for a particular position; |

| • |     | Experience and past performance inside or outside the Company; |

| • |     | Role and responsibilities within the Company; and |

| • |     | Tenure with the Company and associated institutional and industry knowledge. |

In selecting companies for our peer group, the Compensation Committee considered the following peer group selection criteria:

| • |     | Operates in the software and software as a service (SAAS) industry; and |

| • |     | Comparable in terms of market capitalization and revenue (between roughly 1/3x and 3x of Company’s market capitalization and revenue, respectively). |

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For fiscal 2025 compensation decisions, the Compensation Committee utilized the peer group set forth below. This was the same peer group as fiscal 2024, except that Clearwater Analytics Holdings, Inc. and N-ableTechnologies, Inc. were added, and Duck Creek Technologies and LivePerson were removed to better reflect the Company in terms of operation and the characteristics described above. Based on data compiled by Aon at the time of the peer group review, the Company’s market value was positioned at the 44 thpercentile and the Company’s market capitalization, as a multiple of revenue, was