ServiceNow (NOW) President Amit Zavery Receives RSU Award; Shares Withheld

What Happened

• Amit Zavery, President, Chief Product Officer and COO of ServiceNow, had restricted stock units (RSUs) vest on August 14, 2026. A total of 10,315 RSUs converted into common shares (two vesting tranches of 3,135 and 7,180 shares). To satisfy tax withholding obligations, 1,686 and 3,860 shares were surrendered (total 5,546 shares) at $124.00 per share (total withheld ≈ $687,704). Net shares retained by Zavery after withholding were 4,769 shares (approximate net value ≈ $591,356 using $124/share). The filing shows these as derivative conversions (code M) and tax-withholding dispositions (code F).

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (filed within required 2 business days).
• Vesting/Conversion: 10,315 RSUs -> 10,315 shares (3,135 + 7,180).
• Tax withholding: 5,546 shares surrendered at $124.00/share = $209,064 + $478,640 = $687,704.
• Net shares retained: 4,769 shares (10,315 − 5,546), approx. $591,356 at $124/share.
• Footnotes: F1 indicates shares were relinquished to pay federal/state tax withholding per Rule 16b-3; F2 clarifies each RSU equals one share; F3/F4 describe the RSU vesting schedule (quarterly installments, contingent on continued service).
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was not an open-market sale or purchase but the routine settlement of vested RSUs with a cashless (share-withholding) tax payment. Such withholding transactions are common when equity awards vest and do not necessarily indicate a change in insider sentiment.