Fipps Paul 4

What Happened Paul Fipps, President, Global Customer Operations at ServiceNow, had restricted stock units (RSUs) convert into 2,055 common shares on February 13, 2026. To satisfy federal and state tax withholding, 822 of those shares were relinquished at $107.08 per share, generating $88,020 in withholding value (378 shares = $40,476; 444 shares = $47,544). The net result was delivery of 1,233 shares to Fipps after withholding. These were RSU conversions/settlements rather than open-market buy or sell trades.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (timely filing).
• Gross shares converted: 2,055 (945 + 1,110). Shares surrendered for tax withholding: 822 (378 + 444) at $107.08 each; withholding total = $88,020.
• Net shares received after withholding: 1,233.
• Footnotes: F1 indicates shares were surrendered to cover federal/state tax withholding in accordance with Rule 16b-3. F2–F4 describe that each RSU represents a right to one share and vest quarterly (1/12th per quarter) subject to continued service; first vesting dates May 15, 2025 and Aug 15, 2025 as noted.
• Shares owned after the transaction are not specified in the filing.

Context

• These entries reflect RSU vesting and cashless withholding (common for employee awards), not an open-market sale or purchase that signals near-term trading intent. The filing includes derivative conversion lines because RSUs are contingent derivative awards that were settled into common stock.
• For retail investors: receipt of vested RSUs increases insider ownership (net +1,233 shares here) but withholding sales to cover taxes are routine and do not necessarily indicate management sentiment.