Fipps Paul 4

What Happened

• Paul Fipps, President, Global Customer Operations at ServiceNow, had restricted stock units (RSUs) vest and convert to common stock on May 7, 2026. A total of 390 RSUs were converted, and 156 of the resulting shares were surrendered to the company to satisfy tax withholding obligations (a "sell-to-cover"), generating $14,601 in withholding payments (128 shares x $93.59 = $11,980; 28 shares x $93.59 = $2,621). The net shares retained by Fipps after withholding were 234 shares.
• This was not an open-market sale or a purchase — it was routine vesting/conversion of RSUs with shares withheld for taxes.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (timely).
• Conversion entries recorded as Code M (exercise/conversion of derivative); withholding recorded as Code F (shares surrendered to cover tax withholding).
• Withholding price used: $93.59 per share; total withholding proceeds: $14,601.
• Net shares received after withholding: 234 (390 converted − 156 withheld).
• Footnotes: F1 indicates shares were relinquished in exchange for the issuer paying federal/state tax withholding per Rule 16b-3; F2–F4 describe that each RSU equals one share and the vesting schedule for the grants.
• Shares owned following the transaction are not stated in the filing.

Context

• This is a cashless/ net-share settlement for vested RSUs (common, routine practice to cover taxes) rather than an active sale or purchase that signals a change in insider sentiment.
• No 10% owner or 10b5-1 plan is indicated; the filing also includes a POA exhibit (EX-24).