Form 4: ServiceNow Executive Adjusts Stock Holdings
Statement of Changes in Beneficial Ownership
Amit Zavery, President, CPO and COO of ServiceNow, Inc., reported transactions involving restricted stock units and common stock.
Summary
- Amit Zavery, President, CPO and COO of ServiceNow, Inc., reported a transaction on May 7, 2026.
- Zavery acquired 9,990 shares of common stock through the relinquishment of shares for tax withholding obligations related to vesting Restricted Stock Units (RSUs).
- Additionally, 5,370 shares were disposed of at a price of $93.59, also related to RSU vesting.
- Following these transactions, Zavery beneficially owns 77,314 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider stock transactions related to executive compensation and tax obligations, rather than significant strategic shifts or performance indicators.
Positives
- The transaction indicates continued vesting of equity awards for a key executive, suggesting ongoing commitment and performance.
- The acquisition of shares through tax withholding demonstrates the executive is realizing value from equity compensation.
Negatives
- The disposal of 5,370 shares at $93.59 per share suggests a partial liquidation of vested equity, which could be interpreted as a reduction in direct ownership.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard for executives and directors to report changes in their beneficial ownership of company stock. These filings provide transparency into insider transactions, which can be a factor for investors to consider.
Stakeholder Impact
- Shareholders: The filing provides transparency into executive stock transactions, which can inform investment decisions.
- Employees: The vesting of RSUs and subsequent tax withholding is a standard component of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/07/2026 | Transaction date for acquisition and disposal of ServiceNow common stock and Restricted Stock Units. |
| 05/11/2026 | Date of signature for the filing. |
Keywords
ServiceNow, NOW, Form 4, Insider Trading, Stock Options, Restricted Stock Units, Executive Compensation, Securities Exchange Act
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