Chirantan Jitendra Desai - Aug 11, 2023 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Signature
/s/ Chirantan Jitendra Desai by Russell S. Elmer, Attorney-in-Fact
Stock symbol
NOW
Transactions as of
Aug 11, 2023
Transactions value $
-$875,181
Form type
4
Date filed
8/15/2023, 04:28 PM
Previous filing
Aug 9, 2023
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +2.82K +6.45% $0.00 46.6K Aug 11, 2023 Direct
transaction NOW Common Stock Tax liability -$780K -1.4K -3% $557.44 45.2K Aug 11, 2023 Direct F1
transaction NOW Common Stock Options Exercise $0 +341 +0.75% $0.00 45.5K Aug 11, 2023 Direct
transaction NOW Common Stock Tax liability -$94.8K -170 -0.37% $557.44 45.4K Aug 11, 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 -2.82K -21.43% $0.00 10.3K Aug 11, 2023 Common Stock 2.82K Direct F2, F3, F4
transaction NOW Restricted Stock Units Options Exercise $0 -341 -9.09% $0.00 3.41K Aug 11, 2023 Common Stock 341 Direct F2, F5
* 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 12, 2023, 15% of the shares subject to the restricted stock units will vest on each of August 12, 2023 and February 12, 2024, 20% of the shares subject to the restricted stock units will vest on August 12, 2024, and the final vest on February 12, 2025 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, 2022 to December 31, 2024, 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 February 15, 2022 under the Issuer's 2021 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2022 until December 31, 2022, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 23, 2023.
F5 The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2022, and subject to the continued service of the Reporting Person on each vesting date.