Form 4: ServiceNow General Counsel Russell Elmer Reports Stock Transactions

Russell Elmer, General Counsel of ServiceNow, reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On May 7, 2025, Russell Elmer, the General Counsel of ServiceNow, acquired 415 shares of common stock upon the vesting of restricted stock units.
• On the same day, Elmer disposed of 224 shares to cover tax withholding obligations at a price of $983.29 per share.
• On May 8, 2025, Elmer sold 191 shares of common stock at a price of $985 per share.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 13, 2024.
• Following these transactions, Elmer directly owns 4,332 shares of common stock and 2,491 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of insider trading activity under a pre-arranged plan.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and helps ensure fair market practices.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• Similar filings are made by executives at companies like Salesforce (CRM), Workday (WDAY), and Oracle (ORCL) when they trade their company's stock.
• The transactions reported are typical for executives managing their equity compensation and complying with insider trading regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares traded.
• The transactions are unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

ServiceNow, Russell Elmer, stock transactions, Form 4, restricted stock units, Rule 10b5-1, General Counsel, insider trading