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 16, 2025, Russell Elmer, General Counsel of ServiceNow, acquired 177 shares of common stock through the vesting of restricted stock units.
• On the same day, Elmer disposed of 96 shares to cover tax withholding obligations at a price of $1,040.18 per share.
• On May 19, 2025, Elmer sold 81 shares of common stock at a price of $1,030.25 per share.
• Following these transactions, Elmer directly owns 4,442 shares of common stock and 1,243 restricted stock units.
• The sale of 81 shares was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 13, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions.

Industry Context

This Form 4 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 maintain market integrity.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions are typical for executives who receive stock-based compensation.
• The use of a 10b5-1 trading plan is a common method to avoid accusations of insider trading.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding insider trading activities.

Key Dates

Keywords

ServiceNow, Russell Elmer, Form 4, Stock Transactions, Restricted Stock Units, Rule 10b5-1, Insider Trading