nCino Inc. has announced a significant corporate reorganization involving a workforce reduction of approximately 7% and a reduction in office space in certain markets. This move is part of the company's strategic plan to enhance operational efficiencies. The reorganization is expected to be largely completed by the end of the second quarter of nCino's fiscal year 2026. The company anticipates incurring charges of approximately $7.5 to $9.0 million during this period, including $1.0 million in estimated non-cash charges related to asset disposals. These expenses, primarily associated with severance, related benefits for terminated employees, and lease exit fees, are expected to be finalized in the second quarter of fiscal 2026. nCino plans to exclude these charges from its non-GAAP financial measures. The estimates are based on various assumptions, and actual costs may vary.