Zavery Amit 4

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.