ServiceNow executive reports RSU settlements and tax share surrender
Rhea-AI Filing Summary
ServiceNow, Inc. (NOW) reported insider equity activity by its President, Global Customer Ops, Paul Fipps. On 11/14/2025, restricted stock units (RSUs) covering 188 and 221 shares of common stock were settled, resulting in the acquisition of those shares at an exercise price of $0. To cover federal and state tax withholding obligations from the RSU vesting, 76 and 89 shares were relinquished at a price of $850.43 per share under Rule 16b-3. Following these transactions, the reporting person continued to hold ServiceNow common stock directly, and the RSUs are scheduled to vest in equal quarterly installments, each 1/12th of the grant, beginning on May 15, 2025 and August 15, 2025, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 188 | $0.00 | -- |
| Exercise | Restricted Stock Units | 221 | $0.00 | -- |
| Exercise | Common Stock | 188 | $0.00 | -- |
| Tax Withholding | Common Stock | 76 | $850.43 | $65K |
| Exercise | Common Stock | 221 | $0.00 | -- |
| Tax Withholding | Common Stock | 89 | $850.43 | $76K |
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. The restricted stock units vest as to 1/12th of the total shares quarterly, with the first vesting having occurred on August 15, 2025, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
FAQ
What insider transaction did ServiceNow (NOW) report in this Form 4?
The filing reports that Paul Fipps, President, Global Customer Ops of ServiceNow (NOW), settled restricted stock units (RSUs) into common stock and relinquished a portion of shares to cover tax withholding obligations related to that vesting.
What do the restricted stock units (RSUs) in the ServiceNow (NOW) Form 4 represent?
Each restricted stock unit represents a contingent right to receive one share of ServiceNow common stock. When the RSUs vest, they convert into shares, subject to applicable tax withholding.
What is the vesting schedule for the ServiceNow (NOW) RSUs reported?
One RSU grant vests as to 1/12th of the total shares quarterly, with the first vesting on May 15, 2025. The other RSU grant also vests 1/12th quarterly, with the first vesting on August 15, 2025. Each vesting is subject to the reporting person’s continued service with ServiceNow on the vesting dates.
What is the role of the insider involved in these ServiceNow (NOW) transactions?
The reporting person, Paul Fipps, is identified as an officer of ServiceNow with the title President, Global Customer Ops, and the Form 4 is filed for one reporting person.