NOW insider files Form 144 to sell 5,825 vested shares on NYSE
Rhea-AI Filing Summary
SERVICENOW, INC. Form 144 notice reports a proposed sale of 5,825 common shares through Fidelity Brokerage Services on the NYSE, with an aggregate market value of $5,339,368.55 and 208,000,000 shares outstanding. The shares were acquired by restricted stock vesting on 08/15/2025 (464 shares) and 08/17/2025 (5,361 shares) and were received as compensation. The filer previously sold shares in the past three months: 2,050 shares on 05/30/2025 for $2,074,620.76 and 1,585 shares on 08/19/2025 for $1,426,502.32. The filing includes the required representation that the seller is not aware of undisclosed material adverse information.
Positive
- Full compliance with Rule 144 disclosure elements: acquisition dates, nature of acquisition, broker, sale date, and gross proceeds are provided
- Clear linkage showing the securities were acquired through restricted stock vesting and classified as compensation
Negative
- Insider sales occurred in the past three months (2,050 shares and 1,585 shares), which investors may note as ongoing dispositions
Insights
TL;DR: Routine Rule 144 notice documenting vesting-related insider shares to be sold; includes recent insider sales disclosures.
The filing documents a proposed sale under Rule 144 of 5,825 common shares acquired via restricted stock vesting on 08/15/2025 and 08/17/2025, indicating the shares were compensation-related and will be transacted through Fidelity on the NYSE. It also discloses two recent sales by the same person within the past three months, providing dates and gross proceeds. From a compliance perspective, the form contains the standard attestations required by Rule 144, including the absence of undisclosed material adverse information. The information provided is specific and meets Rule 144 disclosure components: quantity, acquisition dates, nature of acquisition, broker, and recent sales history.
TL;DR: Small insider sale relative to outstanding shares; transaction stems from vested compensation rather than open-market cash purchase.
The notice shows 5,825 shares proposed for sale with an aggregate market value of $5,339,368.55 and indicates these holdings arose from restricted stock vesting. Two prior dispositions in the last three months totaled 3,635 shares with combined gross proceeds of $3,501,123.08. Relative to the issuer's 208,000,000 shares outstanding, these transactions are quantitatively minor. The filing is factual and focused on execution mechanics rather than operational or financial disclosures about the company.