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NOW Insider Filing: 41 RSUs Vested; 17 Shares Relinquished for Taxes

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

Rhea-AI Filing Summary

Paul Fipps, President, Global Customer Operations at ServiceNow (NOW), reported changes in beneficial ownership on 08/12/2025 following vesting of restricted stock units. 41 restricted stock units became common stock (reported as an acquisition at $0), increasing his direct holdings to 1,039 shares before a related disposition. In the same reporting sequence he relinquished 17 shares in connection with the issuer’s payment of federal and state tax withholding obligations, recorded at a price of $853.43 per share, leaving 1,022 shares beneficially owned directly. The filing also shows 82 restricted stock units remaining outstanding that convert into common stock under the stated vesting schedule (1/16th quarterly, first vesting May 12, 2022).

Positive

  • 41 RSUs converted to 41 shares, indicating scheduled compensation vesting
  • Full disclosure of vesting schedule (1/16th quarterly, first vesting May 12, 2022) and remaining RSUs (82)

Negative

  • 17 shares relinquished to satisfy federal and state tax withholding obligations, reducing direct holdings
  • Reported withholding price of $853.43 per share reflects transaction-level cash impact to the reporting person

Insights

TL;DR: Routine insider vesting and tax-withholding share relinquishment; not material to valuation.

This Form 4 documents standard compensation-related activity: 41 RSUs converted to 41 shares and 17 shares were relinquished to satisfy tax withholding at $853.43 per share. The net direct shareholding reported is 1,022 shares with 82 RSUs remaining. Such transactions reflect executive compensation mechanics rather than open-market trading activity and do not, by themselves, indicate a change in corporate outlook or operational performance.

TL;DR: Disclosure aligns with Rule 16 reporting norms for RSU vesting and withholding; documentation is complete.

The filing identifies the reporting person, relationship to the issuer, transaction dates, amounts, and an explanation stating shares were relinquished to satisfy tax withholding in accordance with Rule 16b-3. Vesting terms are disclosed (1/16th quarterly, initial vesting May 12, 2022). The Form 4 appears to provide the required elements for transparency about compensation-related equity changes.

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*
Fipps Paul

(Last) (First) (Middle)
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)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Global Customer Ops
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025
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 08/12/2025 M 41 A $0 1,039 D
Common Stock 08/12/2025 F 17(1) D $853.43 1,022 D
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) 08/12/2025 M 41 (3) (3) Common Stock 41 $0 82 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 vest as to 1/16th of the total shares quarterly, with the first vesting having occurred on May 12, 2022, and subject to the continued service of the Reporting Person on each vesting date.
Remarks:
/s/ Paul Fipps by Russell S. Elmer, Attorney-in-Fact 08/14/2025
** 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 transactions did Paul Fipps report on Form 4 for ServiceNow (NOW)?

Answer: On 08/12/2025 he reported conversion of 41 RSUs to 41 shares and the relinquishment of 17 shares for tax withholding at $853.43 per share.

How many shares does Paul Fipps beneficially own after these transactions?

Answer: The filing reports 1,022 shares beneficially owned directly following the transactions.

How many restricted stock units (RSUs) remain outstanding for Paul Fipps?

Answer: The Form 4 shows 82 restricted stock units remain, each representing the right to one share of common stock.

What is the vesting schedule for the RSUs referenced in the filing?

Answer: The RSUs vest as to 1/16th of the total shares quarterly, with the first vesting on May 12, 2022, subject to continued service.

Why were shares relinquished according to the filing?

Answer: The filing explains the shares were relinquished in exchange for the issuer’s payment of federal and state tax withholding obligations resulting from RSU vesting.
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112.31B
1.04B
Software - Application
Services-prepackaged Software
Link
United States
SANTA CLARA