Chirantan Jitendra Desai - May 12, 2021 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Role
Chief Product Officer
Signature
/s/ Chirantan Jitendra Desai by Russell S. Elmer, Attorney-in-Fact
Stock symbol
NOW
Transactions as of
May 12, 2021
Transactions value $
-$697,530
Form type
4
Date filed
5/14/2021, 04:29 PM
Previous filing
May 11, 2021
Next filing
May 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +2.53K +6.7% $0.00 40.2K May 12, 2021 Direct
transaction NOW Common Stock Tax liability -$582K -1.25K -3.11% $464.71 39K May 12, 2021 Direct F1
transaction NOW Common Stock Options Exercise $0 +501 +1.29% $0.00 39.5K May 12, 2021 Direct
transaction NOW Common Stock Tax liability -$116K -249 -0.63% $464.71 39.2K May 12, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NOW Restricted Stock Units Options Exercise $0 -2.53K -25.01% $0.00 7.57K May 12, 2021 Common Stock 2.53K Direct F2, F3
transaction NOW Restricted Stock Units Options Exercise $0 -501 -12.48% $0.00 3.51K May 12, 2021 Common Stock 501 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.
F4 The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.