Paul John Smith - Feb 7, 2022 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Signature
/s/ Paul John Smith by Russell S. Elmer, Attorney-in-Fact
Stock symbol
NOW
Transactions as of
Feb 7, 2022
Transactions value $
-$417,498
Form type
4
Date filed
2/9/2022, 06:57 PM
Previous filing
Feb 4, 2022
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +1.27K +321.32% $0.00 1.66K Feb 7, 2022 Direct
transaction NOW Common Stock Options Exercise $0 +41 +2.47% $0.00 1.7K Feb 7, 2022 Direct
transaction NOW Common Stock Options Exercise $0 +23 +1.35% $0.00 1.72K Feb 7, 2022 Direct
transaction NOW Common Stock Sale -$417K -729 -42.29% $572.70 995 Feb 8, 2022 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 -1.27K -29.97% $0.00 2.96K Feb 7, 2022 Common Stock 1.27K Direct F2, F3, F4
transaction NOW Restricted Stock Units Options Exercise $0 -41 -7.77% $0.00 487 Feb 7, 2022 Common Stock 41 Direct F2, F5
transaction NOW Restricted Stock Units Options Exercise $0 -23 -7.14% $0.00 299 Feb 7, 2022 Common Stock 23 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to cover tax obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its 2012 and 2021 Equity Incentive Plans, and does not represent a discretionary trade by the Reporting Person.
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 8, 2021 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2021 until December 31, 2021, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 24, 2022.
F4 30% of the shares subject to the restricted stock units will vest on February 7, 2022, 15% of the shares subject to the restricted stock units will vest on each of August 7, 2022 and February 7, 2023, 20% of the shares subject to the restricted stock units will vest on August 7, 2023, and the final vest on February 7, 2024 of 20% of the shares subject to the restricted stock units is subject to adjustment based on the Issuer's 3-year relative total stockholder return performance against the S&P 500 index for the period from January 1, 2021 to December 31, 2023, subject to the reporting person's continued service to the Issuer on each vesting date.
F5 The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 7, 2021, and subject to the continued service of the Reporting Person on each vesting date.
F6 The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on August 7, 2021, and subject to the continued service of the Reporting Person on each vesting date.