William R. McDermott - Feb 16, 2024 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Signature
/s/ William R. McDermott by Russell S. Elmer, Attorney-in-Fact
Stock symbol
NOW
Transactions as of
Feb 16, 2024
Transactions value $
-$33,695,209
Form type
4
Date filed
2/21/2024, 07:34 PM
Previous filing
Feb 20, 2024
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +17.4K +136.65% $0.00 30.1K Feb 16, 2024 Direct
transaction NOW Common Stock Tax liability -$6.59M -8.62K -28.63% $765.00 21.5K Feb 16, 2024 Direct F1
transaction NOW Common Stock Options Exercise $0 +612 +2.85% $0.00 22.1K Feb 16, 2024 Direct
transaction NOW Common Stock Tax liability -$233K -304 -1.38% $765.00 21.8K Feb 16, 2024 Direct F1
transaction NOW Common Stock Options Exercise $0 +832 +3.82% $0.00 22.6K Feb 16, 2024 Direct
transaction NOW Common Stock Tax liability -$316K -413 -1.83% $765.00 22.2K Feb 16, 2024 Direct F1
transaction NOW Common Stock Sale -$3.79M -5.03K -22.65% $753.08 17.2K Feb 20, 2024 Direct F2
transaction NOW Common Stock Sale -$370K -500 -1.64% $739.01 30K Feb 20, 2024 by Trust F2, F3, F4
transaction NOW Common Stock Sale -$1.36M -1.84K -6.14% $740.26 28.1K Feb 20, 2024 by Trust F2, F3, F5
transaction NOW Common Stock Sale -$1.33M -1.8K -6.39% $741.31 26.3K Feb 20, 2024 by Trust F2, F3, F6
transaction NOW Common Stock Sale -$1.51M -2.03K -7.71% $742.56 24.3K Feb 20, 2024 by Trust F2, F3, F7
transaction NOW Common Stock Sale -$1.35M -1.81K -7.45% $743.47 22.5K Feb 20, 2024 by Trust F2, F3, F8
transaction NOW Common Stock Sale -$2.01M -2.71K -12.02% $744.46 19.8K Feb 20, 2024 by Trust F2, F3, F9
transaction NOW Common Stock Sale -$1.64M -2.2K -11.11% $745.42 17.6K Feb 20, 2024 by Trust F2, F3, F10
transaction NOW Common Stock Sale -$2.59M -3.47K -19.7% $746.50 14.1K Feb 20, 2024 by Trust F2, F3, F11
transaction NOW Common Stock Sale -$3.05M -4.07K -28.83% $747.73 10.1K Feb 20, 2024 by Trust F2, F3, F12
transaction NOW Common Stock Sale -$1.35M -1.8K -17.9% $748.97 8.26K Feb 20, 2024 by Trust F2, F3, F13
transaction NOW Common Stock Sale -$1.84M -2.45K -29.67% $750.06 5.81K Feb 20, 2024 by Trust F2, F3, F14
transaction NOW Common Stock Sale -$2.2M -2.93K -50.5% $751.06 2.88K Feb 20, 2024 by Trust F2, F3, F15
transaction NOW Common Stock Sale -$1.29M -1.72K -59.76% $752.04 1.16K Feb 20, 2024 by Trust F2, F3, F16
transaction NOW Common Stock Sale -$164K -218 -18.84% $752.75 939 Feb 20, 2024 by Trust F2, F3, F17
transaction NOW Common Stock Sale -$226K -300 -31.95% $754.72 639 Feb 20, 2024 by Trust F2, F3, F18
transaction NOW Common Stock Sale -$181K -239 -37.4% $757.66 400 Feb 20, 2024 by Trust F2, F3, F19
transaction NOW Common Stock Sale -$304K -400 -100% $759.29 0 Feb 20, 2024 by Trust F2, F3, F20

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 -17.4K -30% $0.00 40.6K Feb 16, 2024 Common Stock 17.4K Direct F21, F22, F23
transaction NOW Restricted Stock Units Options Exercise $0 -612 -100% $0.00* 0 Feb 16, 2024 Common Stock 612 Direct F21, F24
transaction NOW Restricted Stock Units Options Exercise $0 -832 -7.69% $0.00 9.98K Feb 16, 2024 Common Stock 832 Direct F21, F25
* 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 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 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person, Bill McDermott, on August 31, 2023. Subsequent to the transactions reported on this Form 4, Mr. McDermott retains a large equity stake in ServiceNow, including 17,177 vested shares and over 100,000 vested but unexercised options. Mr. McDermott also has approximately 32,000 additional shares scheduled to vest by year end.
F3 Represents the aggregate of sales effected on the same day at different prices.
F4 Represents the weighted average sales price per share. The shares sold at prices ranging from $738.80 to $739.32 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F5 Represents the weighted average sales price per share. The shares sold at prices ranging from $739.85 to $740.80 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F6 Represents the weighted average sales price per share. The shares sold at prices ranging from $740.90 to $741.86 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F7 Represents the weighted average sales price per share. The shares sold at prices ranging from $741.98 to $742.97 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F8 Represents the weighted average sales price per share. The shares sold at prices ranging from $742.98 to $743.85 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F9 Represents the weighted average sales price per share. The shares sold at prices ranging from $743.98 to $744.96 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F10 Represents the weighted average sales price per share. The shares sold at prices ranging from $744.99 to $745.81 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F11 Represents the weighted average sales price per share. The shares sold at prices ranging from $746.03 to $747.01 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F12 Represents the weighted average sales price per share. The shares sold at prices ranging from $747.26 to $748.21 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F13 Represents the weighted average sales price per share. The shares sold at prices ranging from $748.52 to $749.48 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F14 Represents the weighted average sales price per share. The shares sold at prices ranging from $749.58 to $750.48 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F15 Represents the weighted average sales price per share. The shares sold at prices ranging from $750.64 to $751.62 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F16 Represents the weighted average sales price per share. The shares sold at prices ranging from $751.65 to $752.62 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F17 Represents the weighted average sales price per share. The shares sold at prices ranging from $752.74 to $752.77 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F18 Represents the weighted average sales price per share. The shares sold at prices ranging from $754.17 to $755.00 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F19 Represents the weighted average sales price per share. The shares sold at prices ranging from $757.66 to $757.67 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F20 Represents the weighted average sales price per share. The shares sold at prices ranging from $759.28 to $759.29 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F21 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F22 30% of the shares subject to the restricted stock units will vest on February 17, 2024, 15% of the shares subject to the restricted stock units will vest on each of August 17, 2024 and February 17, 2025, 20% of the shares subject to the restricted stock units will vest on August 17, 2025, and the final vest on February 17, 2026 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, 2023 to December 31, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
F23 Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 15, 2023 under the Issuer's 2021 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2023 until December 31, 2023, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 22, 2024.
F24 The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 17, 2020, and subject to the continued employment of the Reporting Person as CEO on each vesting date.
F25 The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 17, 2023, and subject to the Reporting Person's continued service to the Issuer on each vesting date.