Nowbar Hossein 4
4 · ServiceNow, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
ServiceNow President & CLO Hossein Nowbar Receives RSUs, Sells Shares for Taxes
What Happened
Hossein Nowbar, President and Chief Legal Officer of ServiceNow (NOW), had restricted stock units (RSUs) convert to 5,066 shares on May 15, 2026. To satisfy tax withholding obligations, 1,125 shares (worth $106,954) and 870 shares (worth $82,711) were relinquished to the company at $95.07 per share, totaling about $189,665. Net shares delivered to Mr. Nowbar after withholding were approximately 3,071 shares.
Key Details
- Transaction date: May 15, 2026. Withholding share price: $95.07 per share.
- Vested/converted: 5,066 RSUs → 5,066 shares (reported as derivative exercise/conversion, code M).
- Shares surrendered for taxes: 1,125 shares ($106,954) and 870 shares ($82,711) (code F) — total 1,995 shares, ~$189,665.
- Net shares received: ~3,071 shares (5,066 vested minus 1,995 withheld).
- Footnotes: F1 indicates shares were relinquished to cover federal/state tax withholding per Rule 16b-3. F2–F4 explain that each RSU equals one share and note a 12-quarter (quarterly) vesting schedule (first vestings on Feb 13, 2026 and May 15, 2026 for respective grants).
- Filing timeliness: Report filed May 18, 2026 for a May 15, 2026 vesting — filed within the standard two business days (timely).
Context
- These entries reflect RSU vesting and routine "sell-to-cover" (or share withholding) for taxes, not an open-market sale by the insider. Such withholding is common and does not necessarily signal a buy/sell view of the stock.
- Code meanings: M = exercise/conversion of a derivative (RSU conversion to shares); F = shares surrendered/withheld to pay tax obligations.
Insider Transaction Report
Form 4
Nowbar Hossein
Pres. & Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
2026-05-15+2,857→ 5,017 total - Tax Payment
Common Stock
[F1]2026-05-15$95.07/sh−1,125$106,954→ 3,892 total - Exercise/Conversion
Common Stock
2026-05-15+2,209→ 6,101 total - Tax Payment
Common Stock
[F1]2026-05-15$95.07/sh−870$82,711→ 5,231 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-05-15−2,857→ 28,570 total→ Common Stock (2,857 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-05-15−2,209→ 24,303 total→ Common Stock (2,209 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 February 13, 2026, 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.
Signature
/s/ Hossein Nowbar|2026-05-18