Zavery Amit 4
4 · ServiceNow, Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
ServiceNow (NOW) President Amit Zavery Exercises RSUs, Withholds Shares
What Happened
Amit Zavery, President, Chief Product Officer and Chief Operating Officer of ServiceNow (NOW), had 9,990 restricted stock units (RSUs) convert into common shares on May 7, 2026 (reported as derivative exercise/conversion, code M). Of those shares, 5,370 were relinquished to cover tax withholding obligations (code F) at an implied value of $93.59 per share, totaling approximately $502,578. The RSU conversion itself shows an acquisition of 9,990 shares at $0.00 (reflecting vesting), with the withholding disposition recorded separately.
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (within the usual two-business-day Form 4 window).
- Converted/vested: 9,990 RSUs → 9,990 shares (code M).
- Tax withholding: 5,370 shares surrendered to the issuer to satisfy withholding at $93.59/share, total ~$502,578 (code F; footnote F1).
- Footnotes: F1 explains shares were relinquished for the issuer to pay federal/state tax withholding; F2 confirms each RSU equals one share; F3 describes the RSU vesting schedule.
- Shares owned after the transaction: not specified in the provided excerpt.
- Exhibit: EX-24 2026 Section 16 POA - Zavery.
Context
This was a routine vesting of RSUs with shares surrendered to cover taxes (a cashless/withholding arrangement), not an open-market sale or new purchase. Such withholding transactions are common for executives when equity awards vest and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-07+9,990→ 77,314 total - Tax Payment
Common Stock
[F1]2026-05-07$93.59/sh−5,370$502,578→ 71,944 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-05-07−9,990→ 19,985 total→ Common Stock (9,990 underlying)
Footnotes (3)
- [F1]Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F3]16.75% of the shares subject to the restricted stock units vested on each of February 7, 2025, May 7, 2025, August 7, 2025, and November 7, 2025, and the remaining 33% of the shares subject to the restricted stock units began vesting quarterly on February 7, 2026, and subject to the reporting person's continued service to the Issuer on each vesting date.