NOW insider files Form 144 for vested shares; prior sales totaled $6.77M
Rhea-AI Filing Summary
Form 144 filed for ServiceNow, Inc. (NOW) shows a proposed sale of 3,038 common shares through Fidelity Brokerage with an aggregate market value of $2,658,592.08, and lists the issuer's outstanding shares as 208,000,000. The shares were acquired on 08/15/2025 upon restricted stock vesting and were received as compensation. The filer also reported multiple recent sales by the same person totaling 6,795 shares and gross proceeds of approximately $6,774,141.81 across dates in May–August 2025. The filer attests they have no undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale of vested restricted stock; proceeds are material in dollar terms but represent a small fraction of outstanding shares.
The filing documents a proposed sale of 3,038 vested restricted shares valued at about $2.66 million and prior sales of 6,795 shares yielding roughly $6.77 million. While the dollar amounts are noticeable, the total shares involved are a very small percentage of the reported 208 million shares outstanding, suggesting limited direct dilution or market impact. The transaction is described as compensation-related vesting, which is consistent with routine executive or employee liquidity events rather than a financing or change in control.
TL;DR: Filing appears compliant and includes required attestation; multiple recent sales warrant monitoring but do not alone indicate governance concerns.
The notice identifies the sales as stemming from restricted stock vesting and includes the presentment of the statutory attestation about material nonpublic information. Multiple disposals by the same individual over recent months are disclosed, totaling approximately $6.77 million in proceeds, which is significant from a disclosure standpoint. However, the filing provides the standard representations and lacks any statements implying undisclosed adverse developments. This is a routine disclosure under Rule 144.