Form 4: ServiceNow Executive Amit Zavery Reports RSU Vesting

ServiceNow President, CPO and COO Amit Zavery acquired 10,320 shares through RSU vesting and disposed of 5,548 shares to cover tax obligations.

Summary

• Amit Zavery, President, CPO and COO of ServiceNow, Inc., exercised restricted stock units (RSUs) on May 15, 2026.
• A total of 10,320 shares were acquired through the vesting of two separate RSU grants.
• The reporting person disposed of 5,548 shares at a price of $95.07 per share to satisfy mandatory tax withholding obligations.
• Following these transactions, the reporting person holds 76,716 shares of ServiceNow common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a routine administrative process related to executive compensation rather than a discretionary market trade.

Positives

• The transaction reflects the standard vesting of equity compensation for a key executive, indicating alignment with long-term incentive plans.

Negatives

• The disposal of 5,548 shares, while primarily for tax purposes, reduces the executive's direct equity stake in the company.

Risks

• Continued service requirements for remaining unvested RSUs could impact executive retention if employment terms change.

Future Outlook

The filing does not provide forward-looking financial guidance, as it is a routine disclosure of executive equity transactions.

Management Comments

• No direct management commentary was provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that routine RSU vesting and tax-related sell-offs by C-suite executives are standard corporate governance practices in the technology sector and generally do not signal a change in strategic direction or confidence.

Comparison to Industry Standards

• The transaction structure is consistent with standard equity compensation practices for S&P 500 technology companies.
• Tax withholding via share relinquishment is a common industry practice to manage executive tax liabilities without requiring open-market sales.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard equity compensation event.

Next Steps

• Continued vesting of remaining unvested RSUs subject to the reporting person's continued service to the issuer.

Key Dates

Keywords

ServiceNow, NOW, Insider Trading, Form 4, Equity Compensation, Amit Zavery