Form 4: ServiceNow Executive Amit Zavery Reports Stock Transactions

Amit Zavery, President, CPO, and COO of ServiceNow, reports the vesting of restricted stock units and related tax withholding transactions.

Summary

• On May 15, 2025, Amit Zavery, President, CPO, and COO of ServiceNow, engaged in transactions involving ServiceNow's common stock and restricted stock units (RSUs).
• Zavery vested 627 restricted stock units, each representing a contingent right to receive one share of ServiceNow's common stock.
• The vesting occurred quarterly, with the first vesting on May 15, 2025, contingent upon continued service to ServiceNow.
• Zavery also disposed of 338 shares of common stock to cover federal and state tax withholding obligations resulting from the RSU vesting, at a price of $1,035.18 per share.
• Following these transactions, Zavery directly owns 4,395 shares of ServiceNow common stock and 6,902 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Comparison to Industry Standards

• Similar filings are common among executives at comparable companies like Salesforce (CRM), Workday (WDAY), and Microsoft (MSFT).
• The vesting schedules and tax withholding practices are generally consistent with industry norms for executive compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees may be interested in the details of executive compensation.

Key Dates

Keywords

ServiceNow, Amit Zavery, Stock Transactions, Form 4, Restricted Stock Units, RSU, Insider Trading, Beneficial Ownership