Company: NCNO
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001193125-25-103772
Chunk: 26

Company: nCino, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 26
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. Investment

On November 1, 2022, the Company’s wholly-owned subsidiary, nCino OpCo, Inc. acquired preferred shares of ZestFinance, Inc. (d/b/a ZEST AI) (“Zest AI”), a private company, for $2.5 million. The investment was considered a related party transaction as entities affiliated with Insight Partners, a beneficial owner of the Company, owned greater than ten percent (10%) of Zest AI at the time. Insight Partners purchased Zest AI in its entirety (“Purchase”). In connection with the Purchase, in March 2025 the Company received approximately $3.7 million in consideration for its equity interest in Zest AI and recorded a realized gain of $1.2 million therefrom. The Company and its subsidiaries no longer have an ownership interest in Zest AI.

Investors’ Rights Agreement

We are party to an amended and restated investors’ rights agreement, dated February 12, 2015, as amended thereafter (“IRA”), which provides, among other things, that such investors party thereto have the right to demand that we file a registration statement or request that their shares of our capital stock be covered by a registration statement that we are otherwise filing. All fees, costs and expenses incurred in connection with the registration of registrable securities, including reasonable fees and disbursements of one special counsel to the selling stockholders, will be borne by us and all selling expenses, including underwriting discounts and selling commissions, will be borne by the holders of the shares being registered. The registration rights terminate upon the fifth anniversary of the completion of our initial public offering (the “IPO”) in July 2025.

Employment Arrangements

Corinne Naudé was a Regional Vice President – Enterprise Sales until September 30, 2024, and is the daughter-in-law of Pierre Naudé, our Executive Chairman and former Chief Executive Officer. Her total compensation for fiscal 2025 was approximately $90,000.

Pierre W. Naudé is a Senior Manager - Product Management and the son of Pierre Naudé, our Executive Chairman and former Chief Executive Officer. His total compensation for fiscal 2025 was approximately $360,000, of which $154,000 resulted from a restricted stock unit (“RSU”) grant date fair value of the award.

Petra Sheaffer is an Associate Director—Technical Partner Relationship Manager and is the daughter of Pierre Naudé, our Executive Chairman and former Chief Executive Officer. Her total