Form 4: ServiceNow Vice Chairman Nicholas Tzitzon Reports Stock Transactions

Nicholas Tzitzon, Vice Chairman of ServiceNow, reports the acquisition and disposal of common stock and restricted stock units on May 16, 2025.

Summary

• On May 16, 2025, Nicholas Tzitzon, Vice Chairman of ServiceNow, engaged in transactions involving the company's stock.
• Tzitzon acquired 166 shares of common stock upon the vesting of restricted stock units (RSUs).
• He also disposed of 81 shares to cover federal and state tax withholding obligations related to the RSU vesting, with the shares sold at a price of $1,040.18.
• Following these transactions, Tzitzon directly owns 4,171 shares of common stock and 1,166 restricted stock units.
• The RSUs vest quarterly, with the first vesting date on May 17, 2023, contingent upon continued service to ServiceNow.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.

Future Outlook

The reporting person's remaining restricted stock units will continue to vest quarterly, subject to continued service with the company.

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 to the market regarding the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like ServiceNow, similar to filings made by executives at companies such as Salesforce (CRM) and Microsoft (MSFT).
• The vesting schedule of the restricted stock units (quarterly vesting) is a common practice in the tech industry for employee equity compensation, comparable to vesting schedules at companies like Atlassian (TEAM) and Adobe (ADBE).
• The tax withholding process where shares are relinquished to cover tax obligations is a standard procedure, seen across various companies and industries.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they represent routine insider trading activity related to executive compensation.
• Employees holding RSUs may be interested in the vesting schedule and tax implications.

Key Dates

Keywords

ServiceNow, Nicholas Tzitzon, Form 4, Stock Transactions, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership