ServiceNow, Inc.·4

Feb 10, 7:45 PM ET

Zavery Amit 4

Research Summary

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ServiceNow (NOW) COO Amit Zavery Exercises RSUs, Surrenders Shares

What Happened
Amit Zavery, President, Chief Product Officer and Chief Operating Officer of ServiceNow, converted restricted stock units (derivative exercise) into 41,074 shares on February 6, 2026 (acquired at $0 per share as RSU vesting/settlement). To cover tax withholding, he relinquished 18,950 of those shares at an effective price of $100.74 per share, generating withholding proceeds of $1,909,023. Net shares retained from this settlement = 22,124 shares. Some of the awards were performance-based and certified by the Compensation Committee.

Key Details

  • Transaction date: February 6, 2026; Form filed Feb 10, 2026 (appears timely within the 2-business-day Rule 16b-3 window).
  • Acquisitions (conversion of derivatives / RSUs): 31,089 shares and 9,985 shares @ $0.00 (total 41,074 shares).
  • Withholding (dispositions to satisfy tax obligations): 13,999 shares ($1,410,259) and 4,951 shares ($498,764); total withheld = 18,950 shares for $1,909,023 @ $100.74.
  • Derivative disposition lines reflect the RSU/derivative instruments converted/cancelled upon settlement.
  • Shares owned after transaction: not provided in the extract of the filing.
  • Notable footnotes: shares reflect a prior 5-for-1 stock split; certain awards were performance-based (certified Feb 3, 2026) and/or subject to scheduled vesting; withholding was in exchange for issuer payment of tax obligations per Rule 16b-3.

Context
This was not an open-market sale — it was the standard conversion/settlement of RSUs (including performance-based units) with a portion of shares withheld to satisfy tax withholding. Such withholding transactions are routine administrative actions and do not necessarily signal a buy/sell opinion by the insider. Numbers in the filing have been adjusted for the company’s 5-for-1 stock split.