NOW insider files Form 144 to sell 1,097 shares valued at $1.02M
Rhea-AI Filing Summary
Form 144 filed for ServiceNow, Inc. (NOW) shows a proposed sale of 1,097 common shares acquired by stock option exercise on 11/09/2021 and paid in cash. The filing lists an aggregate market value of $1,019,398.22 for those shares and reports 208,000,000 shares outstanding, indicating the sale represents a very small fraction of the company’s outstanding stock. The filer previously sold 248 shares on 06/02/2025 for $250,266.72 and 239 shares on 07/03/2025 for $250,950.00. The planned sale is to occur on or about 08/29/2025 through Fidelity Brokerage Services LLC on the NYSE. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Clear compliance with Rule 144: filing lists acquisition date, nature of acquisition, broker, and planned sale date
- Transparency on recent sales: discloses two prior sales (248 and 239 shares) with gross proceeds
- Transaction is immaterial to market cap: 1,097 shares versus 208,000,000 shares outstanding
Negative
- Insider sale disclosed: sale of insider-held shares may be viewed unfavorably by some investors
- Missing relationship detail in excerpt: the filing extract does not specify the filer’s relationship to the issuer (cannot confirm officer/director/affiliate status from provided content)
Insights
TL;DR: Insider-owned shares from a 2021 option exercise are being sold in a small, disclosed block via brokered transaction.
The filing documents a routine Rule 144 notice for 1,097 shares valued at about $1.02 million, acquired by exercise in 2021 and to be sold through Fidelity on the NYSE around 08/29/2025. Recent smaller dispositions in June and July 2025 of 248 and 239 shares respectively generated roughly $250k each, indicating partial, periodic liquidation rather than a large one-time exit. The transaction size relative to 208 million shares outstanding is immaterial to capitalization but is relevant as a disclosed insider sale for monitoring.
TL;DR: Filing is a compliant, routine disclosure; no material adverse information declared by the filer.
The notice follows Rule 144 requirements and states the seller does not possess undisclosed material adverse information. The record shows acquisition by option exercise and cash payment, and it lists a broker and approximate sale date. The document lacks explicit relationship details to the issuer in the provided extract, so governance context (officer, director, or other affiliate status) cannot be verified from this content alone.