ServiceNow (NOW) exec’s 151-share sale under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. executive Paul Fipps, President of Global Customer Ops, reported an open-market sale of 151 shares of Common Stock at $90.47 per share on May 8, 2026. After this transaction, he directly holds 8,143.88 shares of ServiceNow common stock.
The filing notes that this trade was carried out under a pre-arranged Rule 10b5-1 trading plan adopted by Fipps on November 19, 2025, indicating it was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 151 shares ($13,661)
Net Sell
1 txn
Insider
Fipps Paul
Role
President, Global Customer Ops
Sold
151 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 151 | $90.47 | $14K |
Holdings After Transaction:
Common Stock — 8,143.88 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 151 shares
Sale price: $90.47 per share
Shares held after transaction: 8,143.88 shares
+1 more
4 metrics
Shares sold
151 shares
Open-market sale on May 8, 2026
Sale price
$90.47 per share
Common Stock transaction
Shares held after transaction
8,143.88 shares
Direct ownership following sale
Trades under plan
Rule 10b5-1 plan
Plan adopted November 19, 2025
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
3 terms
Rule 10b5-1 trading plan regulatory
"transactions were effected pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person"
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) executive Paul Fipps report?
Paul Fipps reported selling 151 shares of ServiceNow Common Stock in an open-market transaction at $90.47 per share. This sale was disclosed in a Form 4 insider trading report filed with the SEC for the transaction dated May 8, 2026.
Was the ServiceNow (NOW) insider sale by Paul Fipps part of a 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by Paul Fipps on November 19, 2025. Such pre-arranged plans automate trades, reducing the significance of short-term market timing decisions for this sale.
What role does Paul Fipps hold at ServiceNow (NOW) in this Form 4 filing?
In the Form 4, Paul Fipps is identified as an officer of ServiceNow, serving as President, Global Customer Ops. His position classifies him as an insider, requiring disclosure of his transactions in ServiceNow Common Stock under SEC rules.