ServiceNow CEO buys 28,682 shares in open market
ServiceNow, Inc. reported that Chairman and CEO William R. McDermott bought additional company stock in the open market.
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Rhea-AI Filing Summary
ServiceNow, Inc. reported that Chairman and CEO William R. McDermott bought additional company stock in the open market. On February 27, 2026, he purchased a total of 28,682 shares of common stock in two transactions at prices around $104.597 and $105.960 per share.
These trades were executed under a “non-Rule 10b5-1 trading arrangement” adopted on February 13, 2026, and reflect a weighted average purchase price within a range of $104.595 to $105.216 per share. Following the purchases, McDermott directly holds 158,234 shares and indirectly holds 24,405 shares through a trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 28,677 | $104.597 | $3.00M |
| Purchase | Common Stock | 5 | $105.96 | $529.80 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. The transaction reported on this Form 4 was effected pursuant to a "non-Rule 10b5-1 trading arrangement," as defined by Regulation S-K 408(c), adopted by the Reporting Person on February 13, 2026.
- F2. Represents the aggregate of purchases effected on the same day at different prices.
- F3. Represents the weighted average purchase price per share. The shares purchased at prices ranging from $104.595 to $105.216 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
FAQ
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What insider transaction did ServiceNow (NOW) report in this Form 4?
Was the ServiceNow (NOW) CEO’s stock purchase under a trading arrangement?
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