Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 98

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 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 April 30,20242025Total number of shares repurchased— 1,829,113 Average price per share(1)$— $22.17 Aggregate purchase price(1)$— $40,551 (1) Excludes transaction costs and excise tax associated with the repurchases, if any.All repurchases were made in open market transactions.As of April 30, 2025, the Company is authorized to repurchase a remaining $59.4 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 three months ended April 30, 2025 was as follows:Number ofSharesWeightedAverageExercise PriceOutstanding, January 31, 2025811,602 $7.22 Granted— — Expired or forfeited(1,627)14.70 Exercised(172,446)4.26 Outstanding, April 30, 2025637,529 $8.00 Exercisable, April 30, 2025637,529 $8.00 Fully vested or expected to vest, April 30, 2025637,529 $8.00 Restricted Stock UnitsRSU activity during the three months ended April 30, 2025 was as follows:Number ofSharesWeighted AverageGrant Date FairValueNonvested, January 31, 20256,105,459 $32.78 Granted538,338 32.63 Vested(900,433)41.82 Forfeited(345,761)31.85 Nonvested, April 30, 20255,397,603 $31.31 As of April 30, 2025, total unrecognized compensation expense related to non-vested RSUs was $136.1 million, adjusted for estimated forfeitures, based on the estimated fair value of the Company’s common stock at the time of grant. That cost is expected to be recognized over a weighted average period of 2.67 years.Employee Stock Purchase PlanThe first offering period for the Employee