NOW insider: Mastantuono surrenders 425 shares for taxes; 10b5-1 sale
Rhea-AI Filing Summary
Gina Mastantuono, President and CFO of ServiceNow (NOW), reported equity activity occurring on August 7-8, 2025. 789 restricted stock units vested and converted into common stock; 425 shares were relinquished to satisfy federal and state tax withholding obligations at a price shown as $874.12 per share; and 292 shares were sold at $878.39 under a Rule 10b5-1 trading plan adopted November 22, 2024. Following these transactions the reporting person beneficially owned 11,551 common shares, and 3,946 restricted stock units remained outstanding. The filings state the 425-share surrender related specifically to RSU tax withholding and that each RSU converts to one share.
Positive
- None.
Negative
- None.
Insights
TL;DR: Transactions reflect routine RSU vesting and a pre-arranged 10b5-1 sale; net change is modest and not clearly material to valuation.
The Form 4 documents vesting of 789 RSUs, a tax-withholding share surrender of 425 shares at $874.12, and a sale of 292 shares at $878.39. These actions are linked to compensation vesting and an established trading plan, indicating standard officer liquidity and tax settlement rather than a signal about company fundamentals.
TL;DR: Disclosure shows compliance with Rule 10b5-1 and Rule 16b-3 procedures; activity aligns with expected governance controls.
The report specifies that the sale was effected pursuant to a Rule 10b5-1 plan adopted on November 22, 2024, and that share relinquishment was in exchange for issuer payment of tax withholding obligations under Rule 16b-3. The filing documents vesting schedule details for the RSUs, reinforcing that the transactions follow pre-established governance and compensation mechanics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 292 | $878.39 | $256K |
| Exercise | Restricted Stock Units | 789 | $0.00 | -- |
| Exercise | Common Stock | 789 | $0.00 | -- |
| Tax Withholding | Common Stock | 425 | $874.12 | $372K |
Footnotes (1)
- Includes 15 shares acquired under the Issuer's Employee Stock Purchase Plan on July 31, 2025. 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. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2024. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 3.33% of the shares subject to the restricted stock units vested on each of May 7, 2024, and August 7, 2024, 3.34% of the shares subject to the restricted stock units vested on November 7, 2024, and the remaining 90% of the shares subject to the restricted stock units will vest quarterly beginning on February 7, 2025, and subject to the reporting person's continued service to the Issuer on each vesting date.