ServiceNow (NOW) director logs 1,500-share open-market sale under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow director Paul Edward Chamberlain sold shares in a routine, pre-planned transaction. He completed an open-market sale of 1,500 shares of ServiceNow common stock at a price of $87.23 per share. After this sale, he directly held 44,930 shares of the company. The filing notes that the transaction was effected under a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2025, indicating it was pre-scheduled rather than a discretionary trade based on short-term market conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,500 shares ($130,845)
Net Sell
1 txn
Insider
Chamberlain Paul Edward
Role
null
Sold
1,500 shs ($131K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,500 | $87.23 | $131K |
Holdings After Transaction:
Common Stock — 44,930 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,500 shares
Sale price per share: $87.23 per share
Shares held after sale: 44,930 shares
3 metrics
Shares sold
1,500 shares
Open-market sale of ServiceNow common stock
Sale price per share
$87.23 per share
Price for the 1,500-share open-market sale
Shares held after sale
44,930 shares
Director’s direct ownership following the transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
3 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did ServiceNow (NOW) director Paul Edward Chamberlain report?
Paul Edward Chamberlain reported an open-market sale of 1,500 shares of ServiceNow common stock. The transaction occurred at a price of $87.23 per share, and was disclosed on a Form 4 insider trading report filed with regulators.
Is the ServiceNow (NOW) insider transaction a purchase or a sale?
The insider transaction is a sale of ServiceNow common stock. The Form 4 lists transaction code “S” and describes it as an open-market sale, with a transaction_direction field explicitly identifying the action as a sell.