Zavery Amit 4

What Happened

• Amit Zavery, President, Chief Product Officer and Chief Operating Officer of ServiceNow (NOW), received a grant of 86,162 restricted stock units (RSUs) on February 17, 2026. The reported price is $0.00 because these are RSUs (a derivative award), not a cash purchase; the grant itself has no immediate cash cost.
• Per the filing, the RSUs represent a contingent right to receive one share of ServiceNow common stock for each unit and will vest in 12 equal quarterly installments, with the first vesting on May 15, 2026, subject to his continued service.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (timely within the 2-business-day window).
• Grant size: 86,162 RSUs; reported price: $0.00 (derivative award).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to one share of common stock.
  • F2: RSUs vest in 12 equal quarterly installments; first vesting 5/15/2026, subject to continued service.
• Transaction type: Award/Grant (code A); not an open-market buy or sale.

Context

• RSU grants are standard executive compensation and typically reflect retention and long-term incentive design rather than an immediate buy or sell signal. These units are not tradable until they vest and convert to shares.
• Because this is an award (not a sale or purchase), it doesn't directly indicate insider sentiment about short-term stock moves.