ServiceNow (NOW) president Amit Zavery exercises RSUs, withholds 5,370 shares for taxes
Rhea-AI Filing Summary
ServiceNow, Inc. executive Amit Zavery reported a vesting and related share movements on August 7, 2026. He exercised 9,990 Restricted Stock Units, receiving 9,990 shares of Common Stock. Of these, 5,370 shares were relinquished at $124.88 per share to cover federal and state tax withholding obligations. Following the transaction, he held 9,995 Restricted Stock Units, each representing a contingent right to one share of common stock, subject to a vesting schedule extending through at least February 7, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,620 shares
Net Buy
3 txns
Insider
Zavery Amit
Role
President, CPO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 9,990 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,990 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 5,370 | $124.88 | $671K |
Holdings After Transaction:
Restricted Stock Units — 9,995 shares (Direct);
Common Stock — 81,335.95 shares (Direct)
Footnotes (3)
- 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. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F3. 16.75% of the shares subject to the restricted stock units vested on each of February 7, 2025, May 7, 2025, August 7, 2025, and November 7, 2025, and the remaining 33% of the shares subject to the restricted stock units began vesting quarterly on February 7, 2026, and subject to the reporting person's continued service to the Issuer on each vesting date.
Key Figures
RSUs Exercised: 9,990 units
Common Shares Acquired: 9,990 shares
Shares Withheld for Taxes: 5,370 shares
+4 more
7 metrics
RSUs Exercised
9,990 units
Restricted Stock Units converted into Common Stock on August 7, 2026
Common Shares Acquired
9,990 shares
Shares of Common Stock received upon RSU conversion on August 7, 2026
Shares Withheld for Taxes
5,370 shares
Shares relinquished to satisfy tax withholding obligations from RSU vesting
Tax Withholding Price
$124.88 per share
Per-share value used for shares relinquished to cover tax liabilities
RSUs Held After Transaction
9,995 units
Restricted Stock Units remaining following the reported transactions
Initial Quarterly Vesting Tranches
16.75% each
RSU vesting on Feb 7, May 7, Aug 7, and Nov 7, 2025
Remaining RSU Vesting Portion
33%
Portion of RSUs beginning to vest quarterly on February 7, 2026
Key Terms
Restricted Stock Units, contingent right, Rule 16b-3
3 terms
Restricted Stock Units financial
"Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
Rule 16b-3 regulatory
"tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What did Amit Zavery report in this Form 4 for ServiceNow (NOW)?
Amit Zavery reported the vesting and exercise of 9,990 Restricted Stock Units into 9,990 shares of ServiceNow common stock on August 7, 2026, along with a related tax-withholding share disposition.
How many Restricted Stock Units does Amit Zavery still hold at ServiceNow (NOW)?
After the reported transactions, Amit Zavery held 9,995 Restricted Stock Units, each representing a contingent right to receive one share of ServiceNow common stock, subject to the specified vesting schedule and continued service.
What is the vesting schedule of the ServiceNow (NOW) RSUs in this Form 4?
The RSUs vested 16.75% on each of February 7, 2025, May 7, 2025, August 7, 2025, and November 7, 2025. The remaining 33% began vesting quarterly on February 7, 2026, subject to continued service.
Was the ServiceNow (NOW) Form 4 transaction under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes do not state that the transactions were executed pursuant to a Rule 10b5-1 trading plan.
What do the Restricted Stock Units in this ServiceNow (NOW) filing represent?
Each Restricted Stock Unit reported for Amit Zavery represents a contingent right to receive one share of ServiceNow common stock, subject to the vesting terms and his continued service with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
