Form 4: ServiceNow Director Jeffrey A. Miller Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Director Jeffrey A. Miller of ServiceNow, Inc. reports exercising stock options and selling shares on July 29, 2024.
Summary
- On July 29, 2024, Jeffrey A. Miller, a director of ServiceNow, Inc., exercised stock options to acquire 3,286 shares of common stock at a price of $77.7 per share.
- Simultaneously, Miller sold 3,286 shares of common stock at $808.27 per share.
- Following these transactions, Miller directly owns 428 shares of ServiceNow common stock.
- Miller also indirectly owns 45,799 shares through a trust.
- 5,759 shares previously reported as held directly by the reporting person are now held indirectly by trust of which the reporting person is co-trustee.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company directors. It's a standard practice for publicly traded companies and their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| June 8, 2016 | Stock option grant fully vested |
| June 10, 2025 | Expiration date of the stock option |
| July 29, 2024 | Date of stock option exercise and sale |
| July 31, 2024 | Date of Form 4 filing |
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