Christopher Bedi - 06 Feb 2024 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Reporting relationship: Chief Digital Information Ofc
Issuer ticker: NOW
Reported as of: 06 Feb 2024
Net transaction value: +$2,568,005
SEC form: 4
Accepted by SEC: 08 Feb 2024, 16:11:53 UTC
Prior SEC filing: 06 Feb 2024
Next SEC filing: 09 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Christopher Bedi by Russell S. Elmer, Attorney-in-Fact

Key filing fact

Christopher Bedi filed Form 4 for ServiceNow, Inc. (NOW) on 08 Feb 2024.

Key facts

This page summarizes Christopher Bedi's Form 4 filing for ServiceNow, Inc. (NOW).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 08 Feb 2024, 16:11.

Change

Previous filing in this sequence was filed on 06 Feb 2024.
Current net transaction value: +$2,568,005.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NOW transaction Derivative

Employee Stock Option (Right to Buy)

Award

Transaction value: $2,568,005
Shares: +3,915
Change %: +50%
Price: $655.94
Shares after: 11,745
Date: 06 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,915
Exercise price: $655.94
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

As the Issuer has previously disclosed, on December 13, 2021, a Performance Stock Option ("PSO") was granted to the Reporting Person. The Issuer also disclosed that there are eight separate tranches to the PSO and any tranche may vest only if both subscription revenue and stock price performance metrics are met, in addition to service requirements. The performance period ends September 30, 2026. On February 6, 2024, the Issuer's Compensation Committee certified achievement of the subscription revenue metric for Tranche Three of the PSO. Despite having met this performance metric, the shares for Tranche Three have not yet vested. They may vest, if at all, only if: (i) achievement of the applicable stock price metric is certified; and (ii) the Reporting Person is an employee of the Issuer on such vesting date.