[Form 4] ServiceNow, Inc. Insider Trading Activity
ServiceNow, Inc. (NOW) reported an insider equity transaction by its Chairman & CEO, William R. McDermott, on 11/14/2025. A stock option or RSU-related transaction (coded "M") delivered 1,255 shares of common stock at an exercise price of
After these transactions, McDermott directly held 8,281 shares of ServiceNow common stock, with an additional 4,881 shares held indirectly by a trust. He also beneficially owned 11,293 restricted stock units, each representing a contingent right to receive one share of common stock. These RSUs vest as to 1/12 of the total shares quarterly, with the first vesting having occurred on May 15, 2025, subject to his continued service with the company on each vesting date.
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FAQ
What insider transaction did ServiceNow (NOW) report for William R. McDermott?
ServiceNow reported that its Chairman & CEO, William R. McDermott, had a restricted stock unit-related transaction on 11/14/2025. A transaction coded "M" delivered 1,255 shares of common stock upon vesting of restricted stock units, and a transaction coded "F" covered tax withholding through the relinquishment of shares.
How many ServiceNow shares did William R. McDermott receive and relinquish in the November 2025 transaction?
On 11/14/2025, William R. McDermott received 1,255 shares of ServiceNow common stock from vested restricted stock units at an exercise price of
How many ServiceNow (NOW) shares does William R. McDermott own after the reported Form 4 transaction?
Following the reported transactions, William R. McDermott beneficially owned 8,281 shares of ServiceNow common stock directly and 4,881 shares indirectly through a trust. In addition, he held 11,293 restricted stock units that may convert into common shares over time, subject to vesting conditions.
What are the terms of William R. McDermotts restricted stock units at ServiceNow?
Each restricted stock unit represents a contingent right to receive one share of ServiceNow common stock. The units described vest as to 1/12th of the total shares quarterly, with the first vesting on May 15, 2025. Vesting remains subject to McDermotts continued service with ServiceNow on each vesting date.
Why were 675 ServiceNow shares relinquished in this Form 4 filing?
The 675 shares were relinquished to the issuer to cover federal and state tax withholding obligations arising from the vesting of restricted stock units. This is noted in the explanation as being done in accordance with Rule 16b-3, meaning the shares were used to satisfy taxes rather than sold on the open market.
What do the transaction codes "M" and "F" mean in the ServiceNow Form 4?
In this Form 4, transaction code "M" indicates the exercise or settlement of derivative securities, here the vesting and delivery of 1,255 shares from restricted stock units. Code "F" indicates a disposition of shares to pay tax withholding, which in this case involved 675 shares at
How many restricted stock units does William R. McDermott still hold at ServiceNow after this transaction?
After the reported transaction on 11/14/2025, William R. McDermott beneficially owned 11,293 restricted stock units. Each unit represents a right to receive one share of ServiceNow common stock, subject to the quarterly vesting schedule and his continued service.