ServiceNow (NOW) CEO sells blocks under 10b5-1 plan at $900–$933
Rhea-AI Filing Summary
William R. McDermott, Chairman & CEO and a director of ServiceNow, Inc. (NOW), reported multiple open-market sales of Common Stock executed on 08/28/2025 under a Rule 10b5-1 trading plan adopted on February 27, 2025. The filing lists a series of block sales at prices ranging from about $900.00 up to $933.61 per share, with individual trade sizes shown in the table.
The schedule of dispositions reduces the reported direct beneficial ownership level across the reported lines (examples shown: 12,084 shares down through 6,614 shares). The filing also discloses 4,881 shares held indirectly by a trust. All transactions are reported as sales (code S) and were effected pursuant to the 10b5-1 plan.
Positive
- Transactions executed under a documented Rule 10b5-1 plan, indicating pre-scheduled, non-discretionary sales
- Detailed per-block pricing ranges and explanatory notes were provided, increasing disclosure transparency
- Form 4 filed and signed (attorney-in-fact signature present), meeting reporting requirements
Negative
- None.
Insights
TL;DR: Routine 10b5-1 plan sales by the CEO; multiple blocks sold across a wide price range on one day.
The Form 4 documents a series of planned disposals executed on a single date under a previously adopted 10b5-1 plan. The block-level prices span roughly $900 to $933.61, indicating sales across a strong market price band rather than a single price point. The filing shows declining direct beneficial ownership on successive reported lines and an indirect holding of 4,881 shares by a trust. There is no indication in this Form 4 of any new grants, purchases, options exercises, or other corporate events. Impact on float or market liquidity from these sales appears limited relative to typical large-cap volumes, and the disclosure aligns with routine insider liquidity activity.
TL;DR: Disclosure follows governance best practices: sales under a documented 10b5-1 plan and reported in a timely Form 4.
The reporting identifies the transactions as being executed pursuant to a Rule 10b5-1 plan adopted February 27, 2025, which provides the affirmative defense for scheduled trades. The Form 4 is signed by an attorney-in-fact on behalf of William R. McDermott and lists his roles as Chairman & CEO and director. The structure and explanatory footnotes provide per-block weighted average price ranges and an offer to provide full per-price allocations on request, which enhances transparency. From a governance perspective this is a routine, properly documented insider sale disclosure without additional red flags in the filing itself.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 355 | $900.003 | $320K |
| Sale | Common Stock | 400 | $902.29 | $361K |
| Sale | Common Stock | 200 | $903.335 | $181K |
| Sale | Common Stock | 300 | $905.223 | $272K |
| Sale | Common Stock | 265 | $906.757 | $240K |
| Sale | Common Stock | 287 | $908.05 | $261K |
| Sale | Common Stock | 300 | $909.255 | $273K |
| Sale | Common Stock | 221 | $910.463 | $201K |
| Sale | Common Stock | 616 | $912.171 | $562K |
| Sale | Common Stock | 134 | $912.863 | $122K |
| Sale | Common Stock | 100 | $913.96 | $91K |
| Sale | Common Stock | 273 | $918.198 | $251K |
| Sale | Common Stock | 200 | $920.265 | $184K |
| Sale | Common Stock | 190 | $922.815 | $175K |
| Sale | Common Stock | 10 | $924.93 | $9K |
| Sale | Common Stock | 623 | $928.685 | $579K |
| Sale | Common Stock | 595 | $929.705 | $553K |
| Sale | Common Stock | 138 | $931.193 | $129K |
| Sale | Common Stock | 129 | $932.14 | $120K |
| Sale | Common Stock | 489 | $933.353 | $456K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2025. Represents the aggregate of sales effected on the same day at different prices. Represents the weighted average sales price per share. The shares sold at prices ranging from $900.00 to $900.01 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $902.20 to $902.38 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $903.33 to $903.34 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $904.84 to $905.42 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $906.21 to $906.94 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $907.90 to $908.82 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $909.215 to $909.28 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $910.38 to $911.25 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $911.73 to $912.58 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $912.84 to $912.87 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $918.11 to $918.56 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $920.26 to $920.27 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $922.81 to $922.82 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $928.26 to $929.25 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $929.36 to $930.29 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $930.55 to $931.50 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $931.70 to $932.69 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents the weighted average sales price per share. The shares sold at prices ranging from $932.73 to $933.61 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.