Zavery Amit 4

What Happened

• Amit Zavery, President, Chief Product Officer and Chief Operating Officer of ServiceNow, had 3,135 restricted stock units (RSUs) convert into shares on February 13, 2026. Of those, 1,555 shares were surrendered to the company to satisfy federal and state tax withholding obligations at $107.08 per share (total withholding ≈ $166,509). Net shares delivered to Zavery were about 1,580 shares.
• This transaction was not an open-market buy or sell for investment purposes but routine vesting/settlement of equity awards (cashless withholding to cover taxes).

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (filed within the normal two-business-day window).
• Conversion: 3,135 RSUs converted to shares (code M). Tax withholding: 1,555 shares withheld/disposed at $107.08 each for ~$166,509 (code F).
• Net shares received: ~1,580 shares (3,135 acquired minus 1,555 withheld).
• Shares owned after transaction: Not stated in the provided filing details.
• Footnotes: F1 indicates shares were relinquished to cover tax withholding; F2 confirms each RSU equals one share; F3 notes the RSUs vest 1/12th quarterly (first vesting May 15, 2025) subject to continued service.

Context

• This is a routine equity award settlement (vesting) with cashless tax withholding — not a market sale or new purchase that signals a change in trading stance. For derivative/RSU conversions, withholding of shares to cover taxes is common and does not necessarily reflect a decision to sell shares on the open market.