ServiceNow legal chief exercises RSUs, covers taxes
ServiceNow, Inc. Pres. & Chief Legal Officer Hossein Nowbar reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
ServiceNow, Inc. Pres. & Chief Legal Officer Hossein Nowbar reported routine equity compensation activity involving restricted stock units. On May 15, 2026, he acquired common stock through the vesting and conversion of RSUs in two blocks of 2,209 and 2,857 shares. To cover federal and state tax withholding obligations from these RSU vestings, he relinquished 870 and 1,125 shares of common stock at a price of $95.07 per share, as permitted under Rule 16b-3. The transactions reflect derivative exercises and tax-withholding dispositions rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,857 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,209 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,857 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,125 | $95.07 | $107K |
| Exercise | Common Stock | 2,209 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 870 | $95.07 | $83K |
Footnotes (4)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F3. The restricted stock units vest as to 1/12th of the total shares quarterly, with the first vesting having occurred on February 13, 2026, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F4. 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
Key Terms
Restricted Stock Units financial
Rule 16b-3 regulatory
tax withholding obligations financial
derivative exercise/conversion financial
AI-generated analysis. How Rhea-AI works. Not financial advice.