ServiceNow (NOW) President Amit Zavery Exercises RSUs, Shares Withheld for Taxes

What Happened
Amit Zavery, President (also CPO & COO) of ServiceNow, had restricted stock units convert into 9,990 shares on Aug 7, 2026. To satisfy tax withholding, 5,370 of those shares were surrendered at an implied price of $124.88 per share, representing $670,606 in tax withholding. The vesting/conversion is reported as an exercise/conversion of a derivative (RSU conversion).

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-11 (four days after the transaction).
• Shares converted/issued: 9,990 RSUs -> 9,990 shares (recorded as derivative exercise, code M).
• Shares surrendered for tax withholding: 5,370 shares at $124.88 = $670,606 (code F).
• Net shares retained from this vesting: 9,990 - 5,370 = 4,620 shares (calculated from filing; the filing excerpt did not state total shares owned after the transaction).
• Footnotes: F1 explains the 5,370 shares were relinquished to cover federal/state tax withholding; F2 notes each RSU equals one share; F3 describes the RSU vesting schedule (partial vesting in 2025 and quarterly vesting from Feb 7, 2026, subject to continued service).
• Filing timeliness: filing date is shown; the provided data did not include an explicit late/untimely flag.

Context
This was the vesting/conversion of restricted stock units (RSUs), not an open-market sale or a purchase. The surrender of shares to cover tax obligations is a common, routine "cashless" tax-withholding action and does not by itself indicate a buy or sell signal about the insider's market view.