NOW Form 144: Paul Smith plans sale of 483 restricted shares valued $422,188
Rhea-AI Filing Summary
Form 144 filing for ServiceNow (NOW) reports insider share sales and a proposed small sale from recently vested restricted stock. The notice identifies a proposed sale of 483 common shares through Fidelity with an aggregate market value of $422,187.84, and states those shares were acquired on 08/07/2025 by restricted stock vesting with payment characterized as compensation. The filing also lists eight prior sales by the same person between May and July 2025 totaling 7,105 shares for approximate gross proceeds of $7,154,993.38. Outstanding shares are reported as 208,000,000, making the proposed sale immaterial in proportion to total shares outstanding.
Positive
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Negative
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Insights
TL;DR: Routine insider sales disclosed; proposed sale is small relative to outstanding shares.
The filing documents an insider who acquired 483 shares via restricted stock vesting and plans to sell them through a broker. The record of eight earlier sales from May to July 2025 shows cumulative proceeds of about $7.15 million on 7,105 shares. Given the issuer's stated 208 million shares outstanding, the proposed 483-share sale is immaterial to capitalization. This disclosure is a standard compliance filing under Rule 144 rather than an operational development.
TL;DR: Disclosure meets Rule 144 requirements; multiple previous sales are documented but not unusually large on a company scale.
The form confirms acquisition by restricted stock vesting and lists the broker and planned sale date. The historical sales table provides transparent dates, share counts, and gross proceeds for eight transactions. From a governance and disclosure perspective, the filing appears complete for Rule 144 purposes and does not by itself indicate material corporate events or governance concerns.