ServiceNow exec trades shares, receives RSU grant
ServiceNow, Inc. executive Paul Fipps reported mixed equity transactions.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. executive Paul Fipps reported mixed equity transactions. He sold 9,641 shares of common stock in an open‑market trade at $105.93 per share under a Rule 10b5‑1 trading plan adopted on November 19, 2025. He was also granted 67,225 restricted stock units, which vest in 12 equal quarterly installments beginning on May 15, 2026, and multiple existing RSU awards converted into common shares, with some shares withheld at $105.91 per share to cover tax obligations upon vesting.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Fipps Paul
Role
President, Global Customer Ops
Sold
9,641 shs ($1.02M)
Approx. gross sale proceeds
$1.02M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,641 | $105.93 | $1.02M |
| Grant/Award | Restricted Stock Units | 67,225 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 340 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 300 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 9,468 | $0.00 | $0.00 |
| Exercise | Common Stock | 340 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 136 | $105.91 | $14K |
| Exercise | Common Stock | 300 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 120 | $105.91 | $13K |
| Exercise | Common Stock | 9,468 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,781 | $105.91 | $400K |
Holdings After Transaction:
Restricted Stock Units — 70,385 contracts (Direct);
Common Stock — 11,756.88 shares (Direct)
Footnotes (8)
- 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. The transactions reported on this Form 4 were effected pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on November 19, 2025.
- F3. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4. The restricted stock units will vest in 12 equal quarterly installments, with the first vesting occurring on May 15, 2026, and subject to the reporting person's continued service to the Issuer on each vesting date.
- F5. The restricted stock units vest in 16 equal quarterly installments, with the first vesting having occurred on May 17, 2023, and subject to the reporting person's continued service to the Issuer on each vesting date.
- F6. The restricted stock units vest in 16 equal quarterly installments, with the first vesting having occurred on November 17, 2023, and subject to the reporting person's continued service to the Issuer on each vesting date.
- F7. Acquired upon Compensation Committee certification on January 22, 2024, of achievement of performance criteria for the January 1, 2023 through December 31, 2023 performance period under performance-based restricted stock units granted February 15, 2023.
- F8. 30% of the shares subject to the restricted stock units vested on February 17, 2024, 15% of the shares subject to the restricted stock units vested on each of August 17, 2024 and February 17, 2025, 20% of the shares subject to the restricted stock units vested on August 17, 2025, and the final vest on February 17, 2026 of 20% of the shares subject to the restricted stock units was subject to adjustment based on the Issuer's 3-year relative total stockholder return performance against the S&P 500 index for the period from January 1, 2023 to December 31, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Paul Fipps report at ServiceNow (NOW)?
Paul Fipps reported an open-market sale of 9,641 ServiceNow common shares at $105.93 per share and multiple equity-related transactions, including a large restricted stock unit grant and several RSU conversions into common stock with associated tax‑withholding share dispositions.
How many ServiceNow RSUs were granted to Paul Fipps in this Form 4?
The filing reports a grant of 67,225 restricted stock units to Paul Fipps. Each unit represents a contingent right to receive one ServiceNow common share, with these RSUs vesting in 12 equal quarterly installments beginning on May 15, 2026, subject to continued service.
Was the ServiceNow (NOW) stock sale by Paul Fipps under a 10b5-1 plan?
Yes. The Form 4 states the transactions were effected under a Rule 10b5‑1 trading plan adopted by Paul Fipps on November 19, 2025, indicating the sales were pre‑scheduled rather than discretionary trades made at the time of execution.
How do the new RSUs for Paul Fipps at ServiceNow vest over time?
The newly granted restricted stock units vest in 12 equal quarterly installments. The first vesting date is May 15, 2026, and each installment is contingent on Paul Fipps’ continued service to ServiceNow on the applicable vesting dates, according to the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
