NOW Form 4: Director Paul Chamberlain Sells 300 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Paul Edward Chamberlain, a director of ServiceNow, Inc. (NOW), reported a sale of 300 shares of common stock on 08/14/2025 at a reported price of $860 per share, leaving him with 9,886 shares beneficially owned in a direct capacity. The Form 4 indicates the sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2024, and the form was signed via attorney-in-fact on 08/18/2025. The filing is a routine insider transaction report disclosing the disposition and remaining ownership.
Positive
- Transaction executed under a Rule 10b5-1 trading plan, indicating pre-arranged compliance procedures were used
- Form 4 filed and signed, providing timely disclosure of the insider transaction
Negative
- Director disposed of 300 shares, reducing direct holdings to 9,886 shares
Insights
TL;DR: Routine, pre-arranged insider sale under a 10b5-1 plan; compliance documentation is in place.
The reported sale of 300 shares at $860 per share appears to have been executed under a Rule 10b5-1 plan adopted on August 30, 2024, which provides affirmative defense against insider trading claims if properly structured. The filing discloses remaining direct ownership of 9,886 shares, and the Form 4 is signed by an attorney-in-fact, indicating procedural adherence. For governance reviewers, the key takeaway is documented use of a trading plan and timely disclosure rather than evidence of opportunistic trading.
TL;DR: Small-size insider disposition reported; no material change to ownership disclosed by the filing.
From a securities oversight perspective, the sale of 300 shares at $860 reduces the reporting person's direct stake to 9,886 shares. The transaction is flagged as pursuant to a Rule 10b5-1 plan, which typically limits informational asymmetry concerns when properly implemented. The filing contains no other derivative trades or unusual terms. Absent additional context on total outstanding shares or pattern of sales, this single reported disposition is neutral in impact.