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Form 4: McDermott William R reports multiple insider transactions in NOW

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

McDermott William R reported multiple insider transaction types in a Form 4 filing for NOW. The filing lists transactions totaling 7,505 shares at a weighted average price of $103.29 per share. Following the reported transactions, holdings were 72,375 shares.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
McDermott William R

(Last) (First) (Middle)
C/O SERVICENOW, INC.
2225 LAWSON LANE

(Street)
SANTA CLARA CA 95054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ServiceNow, Inc. [ NOW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/12/2026 M 3,005 A $0 72,375 D
Common Stock 02/12/2026 F 1,495(1) D $103.29 70,880 D
Common Stock 24,405 I by Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 02/12/2026 M 3,005 (3) (3) Common Stock 3,005 $0 0 D
Explanation of Responses:
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.
2. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
3. The restricted stock units vested as to 1/16th of the total shares quarterly, with the first vesting having occurred on May 12, 2022.
Remarks:
/s/ William R. McDermott by Russell S. Elmer, Attorney-in-Fact 02/13/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did ServiceNow (NOW) CEO William McDermott report?

William McDermott reported the vesting of 3,005 restricted stock units, which converted into 3,005 shares of ServiceNow common stock at an exercise price of $0. These transactions reflect scheduled equity compensation rather than discretionary market purchases or sales.

How many ServiceNow (NOW) shares were used to cover William McDermott’s taxes?

A total of 1,495 ServiceNow shares were relinquished by William McDermott at $103.29 per share. These shares were exchanged so the company could pay his federal and state tax withholding obligations arising from the RSU vesting, under Rule 16b-3.

How many ServiceNow (NOW) shares does William McDermott own after this Form 4?

After the reported transactions, William McDermott directly owned 70,880 ServiceNow common shares. He also indirectly held 24,405 additional shares through a trust, reflecting both personal and trust-related beneficial ownership positions disclosed in the filing.

Were William McDermott’s ServiceNow (NOW) transactions open-market buys or sells?

The filing shows no open-market buys or sells. Shares were acquired through RSU conversion at $0 and 1,495 shares were relinquished back to the issuer to satisfy tax withholding obligations, categorized as a tax-withholding disposition rather than a standard market sale.

What do William McDermott’s ServiceNow (NOW) RSUs represent?

Each restricted stock unit represents a contingent right to receive one share of ServiceNow common stock. The RSUs in this grant vest in 1/16th increments on a quarterly schedule, with the first vesting date having occurred on May 12, 2022.

How are William McDermott’s ServiceNow (NOW) RSUs vesting over time?

The restricted stock units vest as to 1/16th of the total shares on a quarterly basis. According to the disclosure, the first vesting occurred on May 12, 2022, and subsequent quarterly vesting events continue to release additional shares on that schedule.
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108.04B
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Software - Application
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United States
SANTA CLARA