Form 4: ServiceNow Director Larry Quinlan Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Larry Quinlan sold 415 shares of ServiceNow (NOW) common stock at a price of $1,007.406 per share on February 4, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 4, 2025, Larry Quinlan, a director of ServiceNow, Inc. (NOW), sold 415 shares of common stock.
- The sale was executed at a price of $1,007.406 per share.
- Following the transaction, Quinlan directly owns 1,737 shares of ServiceNow common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 1, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific current information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Date of adoption of the Rule 10b5-1 trading plan by Larry Quinlan. |
| 2025-02-04 | Date of the transaction: Larry Quinlan sold 415 shares of ServiceNow common stock. |
| 2025-02-05 | Date of signature on the Form 4 filing. |
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