Company: NCNO
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001902733-25-000026
Chunk: 36

Company: nCino, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 36
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 provisions affecting each class of the Company’s stock as of January 31, 2025, is as follows:Preferred Stock: The Board of Directors is authorized to establish one or more series of preferred stock and to fix the number of shares constituting such series and the designation of such series, including the voting powers, preferences, limitations, restrictions, and other special rights thereof. The Company's preferred stock consists of 10,000,000 authorized shares, par value $0.001 per share. Common stock: The Company's common stock consists of 500,000,000 authorized shares, par value $0.0005 per share. At January 31, 2025, the Company committed a total of 38,688,209 shares of common stock for future issuance as follows:Issued and outstanding stock options811,602 Nonvested issued and outstanding restricted stock units ("RSUs")6,105,459 Possible issuance under stock plans31,771,148 38,688,209 

Note 10. Stock-Based Compensation

Equity Incentive PlansThe Company has two equity incentive plans: the nCino, Inc. 2014 Omnibus Stock Ownership and Long-Term Incentive Plan (the “2014 Plan”) and the 2019 Amended and Restated Equity Incentive Plan (the “2019 Plan” and together with the 2014 Plan, the “Incentive Plans”). Under the 2014 Plan, the Board of Directors had allotted 15,025,666 shares of common stock for incentive options or non-qualified options as of January 31, 2025. Non-qualified options may be granted to Company employees, non-employee directors, and consultants. The exercise price of options is determined by the Board of Directors, but cannot be less than 100% of the fair market value of the Company’s common stock on the date of the grant. The options generally vest in one of two ways:•In equal annual installments over four years from the grant date.•Upon a change in control transaction (with respect to certain Incentive Plan participants).All options expire ten years from the grant date and, with respect to certain Incentive Plan participants, provide for accelerated vesting if there is a change in control of the Company.In July 2019, the Company established the 2019 Equity Incentive Plan for the issuance of awards in the form of options, stock appreciation rights, restricted stock awards, restricted stock