NOW Form 4: Mastantuono Reports RSU Conversions, Share Withholding, and 1,762-Share Sale
Rhea-AI Filing Summary
Gina Mastantuono, President and CFO of ServiceNow, Inc. (NOW), reported multiple equity transactions on Form 4. On 08/15/2025 she received restricted stock units that converted into 4,442, 319, and 471 shares of common stock upon vesting, recorded as acquisitions at $0 per share. Concurrently she surrendered 2,388, 172, and 254 shares to satisfy federal and state tax withholding obligations at a reported price of $867.24 per share. Following those transactions her beneficial ownership moved between 16,014 and 13,990 shares across line items. On 08/18/2025 a separate sale of 1,762 shares occurred at $866.45 per share. The filing notes the 08/18 sale was effected under a Rule 10b5-1 trading plan and explains vesting schedules and performance-based conditions for the RSUs.
Positive
- RSU vesting converted to common stock, reflecting compensation realization without cash exercise cost (acquisitions recorded at $0 per share)
- Disclosure includes Rule 10b5-1 plan statement, indicating the sale on 08/18/2025 was pre-planned and compliant with insider-trading procedures
- Detailed vesting and performance-condition notes are provided, clarifying timing and performance metrics for the granted RSUs
Negative
- Significant share surrender for tax withholding (2,388, 172, and 254 shares at $867.24), which reduced beneficial ownership
- Sale of 1,762 shares on 08/18/2025 at $866.45 decreased the reporting person’s holdings
Insights
TL;DR: Routine executive equity vesting with tax withholding and a Rule 10b5-1 sale; no material change to control.
The Form 4 discloses standard compensation-related equity events: performance and time-based restricted stock units vested and converted to shares, shares were withheld to cover tax obligations at ~$867.24 per share, and a separate pre-planned sale of 1,762 shares at $866.45 was executed under a 10b5-1 plan. These transactions reflect compensation realization and tax settlement rather than active disposition trends; aggregated holdings after the reported activity remain within a mid-five-figure share count and do not indicate a change in voting control or a material financing action.
TL;DR: Disclosure aligns with expected governance practices: RSU vesting disclosure and 10b5-1 plan use are documented.
The filing includes explanatory notes describing vesting schedules, performance conditions tied to a three-year TSR comparison, and the use of a Rule 10b5-1 trading plan for the reported sale. The Reporting Person documented tax-withholding share relinquishments pursuant to Rule 16b-3. From a governance perspective, the filing provides required transparency on timing, mechanics, and conditions of equity compensation and planned dispositions, fulfilling Section 16 reporting expectations.