Chirantan Jitendra Desai - 07 Feb 2023 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Role
President & COO
Signature
/s/ Chirantan Jitendra Desai by Russell S. Elmer, Attorney-in-Fact
Issuer symbol
NOW
Transactions as of
07 Feb 2023
Net transactions value
-$973,773
Form type
4
Filing time
09 Feb 2023, 19:58:15 UTC
Previous filing
25 Jan 2023
Next filing
14 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +4,575 +10% $0.000000 49,773 07 Feb 2023 Direct
transaction NOW Common Stock Tax liability $906,137 -1,956 -3.9% $463.26 47,817 07 Feb 2023 Direct F1
transaction NOW Common Stock Options Exercise $0 +293 +0.61% $0.000000 48,166 07 Feb 2023 Direct F2
transaction NOW Common Stock Tax liability $67,636 -146 -0.3% $463.26 48,020 07 Feb 2023 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 -4,575 -27% $0.000000 12,199 07 Feb 2023 Common Stock 4,575 Direct F3, F4, F5
transaction NOW Restricted Stock Units Options Exercise $0 -293 -11% $0.000000 2,340 07 Feb 2023 Common Stock 293 Direct F3, F6
* 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 Includes 56 shares acquired under the Issuer's Employee Stock Purchase Plan on January 31, 2023.
F3 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
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 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.
F6 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.

Remarks:

EXHIBIT LIST: EX-24 CDesai POA January 2023