ServiceNow (NOW) executive logs RSU conversion and tax-share withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. executive Amit Zavery reported routine equity compensation activity. On February 13, 2026, 3,135 restricted stock units were converted into 3,135 shares of common stock at a price of $0.00 per share, reflecting a derivative exercise.
On the same date, 1,555 shares of common stock were automatically withheld at $107.08 per share to cover federal and state tax obligations from the RSU vesting. After these transactions, Zavery directly held 67,324 shares of common stock and 25,100 restricted stock units, which continue to vest quarterly, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,135 shares exercised/converted
Mixed
3 txns
Insider
Zavery Amit
Role
President, CPO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,135 | $0.00 | -- |
| Exercise | Common Stock | 3,135 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,555 | $107.08 | $167K |
Holdings After Transaction:
Restricted Stock Units — 25,100 shares (Direct);
Common Stock — 68,879 shares (Direct)
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. The restricted stock units vest as to 1/12th of the total shares quarterly, with the first vesting having occurred on May 15, 2025, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
FAQ
What insider transactions did ServiceNow (NOW) executive Amit Zavery report?
Amit Zavery reported conversion of 3,135 restricted stock units into 3,135 common shares and withholding of 1,555 shares for taxes. These are routine equity compensation and tax-settlement transactions rather than open-market purchases or sales.
How do Amit Zavery’s ServiceNow (NOW) restricted stock units vest over time?
The restricted stock units vest in equal installments of one-twelfth of the total shares on a quarterly schedule. The first vesting occurred on May 15, 2025, and each subsequent vesting requires Amit Zavery’s continued service with ServiceNow on the relevant vesting date.
What does each restricted stock unit reported by ServiceNow (NOW) represent?
Each restricted stock unit represents a contingent right to receive one share of ServiceNow common stock. The units convert into actual shares over time as they vest, provided the executive continues to satisfy the service conditions tied to the award.