NOW Insider Filing: Vice Chairman Surrenders Shares for Taxes, Sells 1,719 Shares
Rhea-AI Filing Summary
ServiceNow insider transactions summary: Nicholas Tzitzon, Vice Chairman and officer of ServiceNow (NOW), reported multiple equity transactions between 08/15/2025 and 08/18/2025 arising from vesting of restricted stock units and exercises under the companys equity plans and pursuant to a Rule 10b5-1 trading plan adopted February 28, 2025. On 08/15/2025 he was credited with multiple RSU acquisitions totaling 2,782 shares (various vesting tranches), and relinquished 1,347 shares to satisfy tax-withholding obligations at $867.24 per share. On 08/18/2025 he sold 1,719 shares at $866.45, leaving beneficial ownership of 3,000 shares reported following the transactions.
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Insights
TL;DR: Routine executive equity vesting and programmatic sale under a 10b5-1 plan; not a material change to outstanding share count.
The Form 4 shows standard issuance of performance- and time-based restricted stock units that converted to common shares upon vesting, with a portion surrendered to cover tax withholding and a subsequent sale executed under a pre-established Rule 10b5-1 plan. Reported prices for withholding and sale are approximately $867 per share, consistent across the transactions. The overall change in beneficial ownership is modest in absolute terms and appears administrative in nature rather than indicating a change in corporate strategy or material insider disposition.
TL;DR: Disclosures reflect governance best practices: use of Rule 10b5-1 plan and tax-withholding via share surrender on RSU vesting.
The reporting indicates the insider adopted a Rule 10b5-1 trading plan on February 28, 2025, and used standard share surrender to satisfy tax-withholding obligations in accordance with Rule 16b-3. Vesting schedules and performance-based vesting mechanics are disclosed, including relative TSR adjustment features for final vesting. These actions align with common executive compensation administration and reduce regulatory uncertainty around timing of sales.