ServiceNow (NOW) exec exercises RSUs; 5,548 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow President, CPO and COO Amit Zavery reported routine equity compensation activity tied to restricted stock unit vesting. On May 15, 2026, he exercised RSUs into 10,320 shares of common stock, while 5,548 shares were surrendered at $95.07 per share to cover federal and state tax withholding obligations. The footnotes explain that each RSU converts into one share of common stock and that the RSUs vest in equal quarterly installments, conditioned on his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,320 shares exercised/converted
Mixed
6 txns
Insider
Zavery Amit
Role
President, CPO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,140 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,180 | $0.00 | -- |
| Exercise | Common Stock | 3,140 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,688 | $95.07 | $160K |
| Exercise | Common Stock | 7,180 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,860 | $95.07 | $367K |
Holdings After Transaction:
Restricted Stock Units — 21,960 shares (Direct, null);
Common Stock — 75,084 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. 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 in 12 equal quarterly installments, with the first vesting having occurred on May 15, 2026, and subject to the reporting person's continued service to the Issuer on each vesting date.
Key Figures
RSU exercises: 10,320 shares
Tax withholding shares: 5,548 shares
Withholding reference price: $95.07 per share
+1 more
4 metrics
RSU exercises
10,320 shares
Common stock from RSU exercises on May 15, 2026
Tax withholding shares
5,548 shares
Shares relinquished to cover tax obligations on May 15, 2026
Withholding reference price
$95.07 per share
Price used for tax-withholding share valuation
Quarterly vesting installments
12 installments
RSUs vest in 12 equal quarterly installments per award
Key Terms
Restricted Stock Units, Rule 16b-3, tax withholding obligations, contingent right
4 terms
Restricted Stock Units financial
"The restricted stock units vest as to 1/12th of the total shares quarterly"
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 of the Reporting Person"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider transactions did ServiceNow (NOW) executive Amit Zavery report?
Amit Zavery reported equity compensation activity, exercising restricted stock units into 10,320 ServiceNow common shares. He also had 5,548 shares withheld at $95.07 per share to satisfy federal and state tax withholding obligations tied to the RSU vesting.
How do Amit Zavery’s ServiceNow (NOW) RSUs vest over time?
Footnotes explain the RSUs vest in 12 equal quarterly installments. One schedule began vesting on May 15, 2025, and another on May 15, 2026, with each vesting date conditioned on Zavery’s continued service to ServiceNow as an executive.