Zavery Amit 4
4 · ServiceNow, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
ServiceNow President Amit Zavery Vests RSUs, Sells 5,548 Shares
What Happened
Amit Zavery, President, Chief Product Officer and Chief Operating Officer of ServiceNow (NOW), had restricted stock units (RSUs) vest on May 15, 2026. A total of 10,320 RSUs converted into shares. To cover withholding taxes, 5,548 shares were surrendered to the company at an implied price of $95.07 per share, totaling $527,448. After withholding, Zavery received roughly 4,772 net shares. These transactions reflect routine RSU vesting and tax-withholding, not an open-market purchase or voluntary sale for investment purposes.
Key Details
- Transaction date: May 15, 2026 (reported May 18, 2026).
- Vested/converted (code M): 10,320 RSUs → shares (3,140 + 7,180).
- Shares withheld for taxes (code F): 5,548 shares (1,688 + 3,860) at $95.07 ≈ $527,448 total.
- Net shares received by insider: ~4,772 shares.
- Footnotes: withholding reflects shares surrendered for federal/state tax obligations under Rule 16b-3 (F1); each RSU equals one share (F2); two different RSU vest schedules are referenced (quarterly vesting schedules in F3 and F4).
- Shares owned after the transaction are not specified in the excerpt of the filing.
Context
These were derivative/RSU vesting transactions where units converted into common stock and a portion was surrendered to satisfy tax withholding — a common, routine procedure that does not necessarily indicate the insider's view on the stock. This is not an open-market sale or a purchase; it’s a cashless-like withholding to cover tax obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-15+3,140→ 75,084 total - Tax Payment
Common Stock
[F1]2026-05-15$95.07/sh−1,688$160,478→ 73,396 total - Exercise/Conversion
Common Stock
2026-05-15+7,180→ 80,576 total - Tax Payment
Common Stock
[F1]2026-05-15$95.07/sh−3,860$366,970→ 76,716 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-05-15−3,140→ 21,960 total→ Common Stock (3,140 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-05-15−7,180→ 78,982 total→ Common Stock (7,180 underlying)
Footnotes (4)
- [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]The restricted stock units vest as to 1/12th of the total shares quarterly, with the first vesting having occurred on May 15, 2025, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F4]The restricted stock units vest in 12 equal quarterly installments, with the first vesting having occurred on May 15, 2026, and subject to the reporting person's continued service to the Issuer on each vesting date.