Jacqueline P. Canney - Aug 7, 2023 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Role
Chief People Officer
Signature
/s/ Jacqueline P. Canney by Russell S. Elmer, Attorney-in-Fact
Stock symbol
NOW
Transactions as of
Aug 7, 2023
Transactions value $
-$478,870
Form type
4
Date filed
8/9/2023, 04:24 PM
Previous filing
Jul 17, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +1.69K +110.67% $0.00 3.22K Aug 7, 2023 Direct
transaction NOW Common Stock Tax liability -$479K -863 -26.83% $554.89 2.35K Aug 7, 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 -1.69K -50.01% $0.00 1.69K Aug 7, 2023 Common Stock 1.69K Direct F2, F3, 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 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.
F4 Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted August 16, 2021 under the Issuer's 2021 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.