Servicenow (NOW) Form 144 Shows 1,562-Share Sale After Vesting
Rhea-AI Filing Summary
Servicenow, Inc. (NOW) insider sale notice under Rule 144. The filing reports a proposed sale of 1,562 common shares through Fidelity Brokerage with an aggregate market value of $1,353,394.90, scheduled approximately for 08/18/2025. The shares represent recently vested restricted stock granted as compensation (145 shares vested 08/15/2025; 1,417 shares vested 08/17/2025). The filer, Jacqueline Canney, sold 917 shares over the past three months for total gross proceeds of $869,779.16. The company has 208,000,000 shares outstanding, so the proposed sale is a very small fraction of outstanding stock. The notice includes the required representation that the seller is unaware of undisclosed material adverse information.
Positive
- Insider disclosure and compliance: The filer provided a timely Form 144 detailing vesting dates and planned sale, demonstrating transparency.
- Vested compensation source: The securities to be sold were acquired through restricted stock vesting and paid as compensation, not via private purchase, simplifying provenance.
- Immaterial size relative to float: 1,562 shares versus 208,000,000 shares outstanding, indicating the sale is unlikely to materially affect market supply or valuation.
Negative
- None.
Insights
TL;DR: Routine insider filing showing vested shares and a small planned sale; reflects standard compliance and disclosure.
The Form 144 documents a planned sale of 1,562 vested shares by an insider via a broker, with clear dates of vesting and payment listed as compensation. The filing follows Rule 144 disclosure requirements and includes the seller's representation about material nonpublic information. Given the company's 208 million shares outstanding, the planned sale and recent disposals (917 shares, $869,779.16 gross proceeds) are immaterial to capitalization and do not indicate a significant change in insider ownership or corporate governance dynamics.
TL;DR: Small, routine disposition of recently vested restricted stock; no material effect on share count or market cap.
The notice shows restricted stock vesting on 08/15/2025 (145 shares) and 08/17/2025 (1,417 shares) that fund the 1,562-share sale planned for 08/18/2025 with an aggregate market value of $1.35M. Prior disposals of 917 shares over three months produced ~$869.8k. Relative to 208 million shares outstanding, these volumes are negligible and should not affect valuation metrics or market liquidity materially. The filing is informational and compliant with Rule 144 mechanics.