Jacqueline P. Canney - Aug 12, 2024 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 12, 2024
Transactions value $
-$1,329,602
Form type
4
Date filed
8/14/2024, 04:51 PM
Previous filing
Aug 9, 2024
Next filing
Aug 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +1.51K +49.75% $0.00 4.53K Aug 12, 2024 Direct
transaction NOW Common Stock Tax liability -$620K -769 -16.96% $806.62 3.76K Aug 12, 2024 Direct F1
transaction NOW Common Stock Options Exercise $0 +137 +3.64% $0.00 3.9K Aug 12, 2024 Direct
transaction NOW Common Stock Tax liability -$56.5K -70 -1.79% $806.62 3.83K Aug 12, 2024 Direct F1
transaction NOW Common Stock Sale -$653K -804 -20.99% $812.00 3.03K Aug 13, 2024 Direct F2

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 -1.51K -50.03% $0.00 1.5K Aug 12, 2024 Common Stock 1.51K Direct F3, F4, F5
transaction NOW Restricted Stock Units Options Exercise $0 -137 -14.33% $0.00 819 Aug 12, 2024 Common Stock 137 Direct F3, F6
* 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 transaction(s) reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2024.
F3 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
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 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.
F6 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.