Vanguard Capital Management LLC has disclosed a beneficial ownership of approximately 5% of nCino, Inc.'s common stock, according to a recent filing. This significant stake highlights Vanguard's ongoing investment strategy and may impact the dynamics of the prepackaged software services sector.

nCino, Inc., a company based in Wilmington, North Carolina, specializes in providing prepackaged software solutions. The filing, dated October 30, 2026, is part of Vanguard's regulatory compliance under the SEC's Schedule 13G, which requires institutional investors to report their holdings when they exceed 5% of a company's stock.

According to the filing, Vanguard holds a total of 5,295,879 shares of nCino, with 847,577 shares having sole voting power. The disclosure indicates that these holdings are part of Vanguard's investment management activities, which include various funds and accounts over which it exercises dispositive power.

This move is significant as it reflects Vanguard's confidence in nCino's potential for growth within the software industry. The company's innovative solutions for financial institutions have positioned it as a key player in the market, and Vanguard's investment may bolster investor confidence in nCino's future performance.

The filing also notes that Vanguard Capital Management, along with its affiliates, has the right to receive dividends from the securities reported. This aligns with Vanguard's broader strategy of investing in companies that demonstrate strong growth potential.

As nCino continues to expand its market presence, competitors in the prepackaged software services sector will be closely watching Vanguard's actions and any potential implications for market dynamics. The filing does not specify what actions Vanguard may take next regarding its stake in nCino.

This disclosure is part of a series of filings made by Vanguard on the same day, indicating a heightened level of activity and interest in nCino. The filing's accession number is 0002100119-26-001651.