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Insider Trends: Insider at ServiceNow Acquires Stock Via Option/Derivative Security, Sells Portion to Pay Tax, Selling Trend Continues

05/11/2021 12:15

04:06 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Russell S Elmer, General Counsel, exercised options/derivative securities for 1,014 shares of ServiceNow (NOW) and sold 504 shares in the company for $243,689 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 510 company shares. Following the Form 4 filing with the SEC, Elmer has 9,839 shares of company stock, with a market value, based on the prior-day closing price, of $4.59 million.

Over the last 90 days, previous to the date of this filing, there have been 32 insider transactions reported to the SEC for ServiceNow. These transactions came from the activities of 9 individual insiders that resulted in a net disposition of 4,324 company shares. This compares with the preceding 90-day window of time where there were 50 transactions from 10 insiders which resulted in the net disposition of 42,648 shares.

This is a lower level of transactions than the peer group average in the 71-company Enterprise Software peer group over the last 90-day period. Within the peer group activity averaged 189.6 transactions per company, and disposition of 83,777 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1373715/000137371521000121/xslF345X03/wf-form4_162076341902988.xml

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