Form 4: Fipps Paul reports multiple insider transactions in NOW
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fipps Paul reported multiple insider transaction types in a Form 4 filing for NOW. The filing lists transactions totaling 474 shares at a weighted average price of $103.29 per share. Following the reported transactions, holdings were 6,106 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
205 shares exercised/converted
Mixed
3 txns
Insider
Fipps Paul
Role
President, Global Customer Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 205 | $0.00 | -- |
| Exercise | Common Stock | 205 | $0.00 | -- |
| Tax Withholding | Common Stock | 64 | $103.29 | $7K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 6,105.88 shares (Direct)
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 vested as to 1/16th of the total shares quarterly, with the first vesting having occurred on May 12, 2022.
FAQ
What insider transactions did ServiceNow (NOW) executive Paul Fipps report?
Paul Fipps reported RSU vesting into 205 common shares and the surrender of 64 shares to cover tax withholding. These were compensation-related equity events, not open-market purchases or sales, and left him holding 6,041.88 ServiceNow common shares directly.
What triggered the equity transaction for ServiceNow (NOW) executive Paul Fipps?
The trigger was vesting of restricted stock units granted as equity compensation. Each unit represented a contingent right to one ServiceNow common share, vesting in 1/16th increments quarterly, with the first vesting date on May 12, 2022, leading to the February 12, 2026 event.
How were taxes handled on Paul Fipps’ ServiceNow (NOW) RSU vesting?
Taxes were handled through share withholding. Fipps relinquished 64 ServiceNow common shares back to the issuer in exchange for payment of his federal and state tax withholding obligations related to the RSU vesting, under Rule 16b-3 treatment.
What does the $0 exercise price mean for ServiceNow (NOW) RSUs?
The $0 exercise price means the restricted stock units converted into common shares without cash payment by Paul Fipps. Instead, they automatically delivered 205 ServiceNow shares upon vesting, consistent with typical RSU structures where no purchase price is required from the executive.