NOW Form 144 Filing: Insider Vesting and Planned Sale of 1,585 Shares
Rhea-AI Filing Summary
Servicenow, Inc. (NOW) Form 144 filing discloses proposed sale of securities pursuant to Rule 144. The notice reports 1,585 shares of Common stock held at Fidelity Brokerage Services LLC are proposed to be sold on 08/19/2025 on the NYSE with an aggregate market value of $1,426,502.32. The filing shows these 1,585 shares were acquired through restricted stock vesting in four tranches between 08/07/2025 and 08/17/2025, and the listed consideration is compensation.
The filing also discloses a sale during the past three months by William Mcdermott of 2,050 common shares for gross proceeds of $2,074,620.76. Outstanding shares are shown as 208,000,000. Many issuer and filer contact fields are blank or not populated in the provided text.
Positive
- The filing discloses the specific number of shares (1,585) and the anticipated sale date (08/19/2025), meeting Rule 144 disclosure requirements
- The shares to be sold were acquired via restricted stock vesting with acquisition dates and amounts listed, clarifying the basis of ownership
- The filing reports a recent prior insider sale with gross proceeds provided, increasing transaction transparency
Negative
- Several issuer and filer contact fields in the provided extract are blank or not populated, reducing verification detail
- An insider sale of 2,050 shares by William Mcdermott in the past three months is disclosed, which could warrant monitoring for additional insider activity
Insights
TL;DR: Routine insider vesting and planned sale; small relative to outstanding shares and appears procedural.
The Form 144 documents a planned disposition of 1,585 shares acquired via recent restricted stock vesting and scheduled for sale on the NYSE through Fidelity. The aggregate value reported is $1.43 million, and the filing notes a prior insider sale of 2,050 shares netting $2.07 million in the past three months. These amounts represent a de minimis portion of the 208 million shares outstanding, suggesting limited near-term market impact. The filing otherwise lacks issuer contact and filer identification details in the provided extract, limiting deeper governance or intent analysis.
TL;DR: Disclosure aligns with Rule 144 requirements; shows exercise/vesting-related sales but provides limited contextual detail.
The record shows the securities to be sold were received as compensation via restricted stock vesting on specific dates between August 7 and August 17, 2025, and aggregated into a single proposed sale. The filing includes the required representation that the seller is unaware of undisclosed material adverse information. Missing or unpopulated filer contact and certain issuer fields in the supplied text reduce transparency for third-party verification, but the core transactional details required by Rule 144 are present.