ServiceNow (NYSE: NOW) CFO Mastantuono nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. President and CFO Gina Mastantuono reported routine equity compensation activity. On May 7, 2026, she exercised restricted stock units that converted into 3,945 shares of common stock, while 2,121 shares were relinquished back to the company to cover federal and state tax withholding obligations related to the RSU vesting.
After these transactions, she directly held 98,525 shares of ServiceNow common stock, and 7,895 restricted stock units remained outstanding. The filing describes these events as an exercise of derivative securities and a tax-withholding disposition under Rule 16b-3, rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,945 shares exercised/converted
Mixed
3 txns
Insider
Mastantuono Gina
Role
President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,945 | $0.00 | -- |
| Exercise | Common Stock | 3,945 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,121 | $93.59 | $199K |
Holdings After Transaction:
Restricted Stock Units — 7,895 shares (Direct, null);
Common Stock — 100,646 shares (Direct, null)
Footnotes (1)
- Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 3.33% of the shares subject to the restricted stock units vested on each of May 7, 2024, and August 7, 2024, 3.34% of the shares subject to the restricted stock units vested on November 7, 2024, and the remaining 90% of the shares subject to the restricted stock units began vesting quarterly on February 7, 2025, and subject to the reporting person's continued service to the Issuer on each vesting date.
Key Figures
RSUs converted: 3,945 shares
Shares relinquished for taxes: 2,121 shares
Shares held after transactions: 98,525 shares
+2 more
5 metrics
RSUs converted
3,945 shares
Restricted stock units converted into common stock on May 7, 2026
Shares relinquished for taxes
2,121 shares
Surrendered to cover federal and state tax withholding
Shares held after transactions
98,525 shares
Direct common stock holdings following Form 4 transactions
RSUs remaining outstanding
7,895 units
Restricted stock units still outstanding after reported vesting
Tax disposition price reference
$93.59 per share
Reference price used for 2,121-share tax-withholding disposition
Key Terms
Restricted Stock Units, Rule 16b-3, tax withholding obligations, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"payment of federal and state tax withholding obligations"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
contingent right financial
"represents a contingent right to receive one share"
FAQ
What did ServiceNow (NOW) CFO Gina Mastantuono report in this Form 4?
Gina Mastantuono reported RSU vesting and related tax withholding. She converted 3,945 restricted stock units into common shares and relinquished 2,121 shares to cover tax obligations. These are compensation-related entries, not open-market stock purchases or sales.
What ServiceNow (NOW) restricted stock units remain outstanding for the CFO?
The Form 4 shows 7,895 restricted stock units still outstanding. These RSUs continue to represent contingent rights to receive common stock, subject to future vesting dates and the executive’s continued service to ServiceNow on each vesting date.
Is this ServiceNow (NOW) Form 4 an open-market stock sale by the CFO?
No, the Form 4 does not show any open-market sale. It records RSU conversion into common stock and a tax-withholding disposition under Rule 16b-3, where shares are surrendered to satisfy tax obligations rather than sold in the market.