Gina Mastantuono - 07 Aug 2023 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Role
Chief Financial Officer
Signature
/s/ Gina Mastantuono by Russell S. Elmer, Attorney-in-Fact
Issuer symbol
NOW
Transactions as of
07 Aug 2023
Net transactions value
-$1,585,802
Form type
4
Filing time
09 Aug 2023, 16:15:59 UTC
Previous filing
11 Jul 2023
Next filing
15 Aug 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 +3,659 +52% $0.000000 10,664 07 Aug 2023 Direct F1
transaction NOW Common Stock Tax liability $1,007,125 -1,815 -17% $554.89 8,849 07 Aug 2023 Direct F2
transaction NOW Common Stock Options Exercise $0 +176 +2% $0.000000 9,025 07 Aug 2023 Direct
transaction NOW Common Stock Tax liability $48,830 -88 -0.98% $554.89 8,937 07 Aug 2023 Direct F2
transaction NOW Common Stock Sale $264,196 -483 -5.4% $546.99 8,454 08 Aug 2023 Direct F3
transaction NOW Common Stock Sale $265,650 -483 -5.7% $550.00 7,971 08 Aug 2023 Direct F3

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 -3,659 -50% $0.000000 3,660 07 Aug 2023 Common Stock 3,659 Direct F4, F5, F6
transaction NOW Restricted Stock Units Options Exercise $0 -176 -14% $0.000000 1,053 07 Aug 2023 Common Stock 176 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 34 shares acquired under the Issuer's Employee Stock Purchase Plan on July 31, 2023.
F2 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.
F3 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 30, 2022.
F4 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F5 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.
F6 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.
F7 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.