ServiceNow (NYSE: NOW) CEO adds 28,682 shares in open-market purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. reported that Chairman and CEO William R. McDermott bought additional company stock in the open market. On February 27, 2026, he purchased a total of 28,682 shares of common stock in two transactions at prices around $104.597 and $105.960 per share.
These trades were executed under a “non-Rule 10b5-1 trading arrangement” adopted on February 13, 2026, and reflect a weighted average purchase price within a range of $104.595 to $105.216 per share. Following the purchases, McDermott directly holds 158,234 shares and indirectly holds 24,405 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28,682 shares ($3,000,058)
Net Buy
3 txns
Insider
McDermott William R
Role
Chairman & CEO
Bought
28,682 shs ($3.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 28,677 | $104.597 | $3.00M |
| Purchase | Common Stock | 5 | $105.96 | $529.80 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 158,229 shares (Direct);
Common Stock — 24,405 shares (Indirect, by Trust)
Footnotes (1)
- The transaction reported on this Form 4 was effected pursuant to a "non-Rule 10b5-1 trading arrangement," as defined by Regulation S-K 408(c), adopted by the Reporting Person on February 13, 2026. Represents the aggregate of purchases effected on the same day at different prices. Represents the weighted average purchase price per share. The shares purchased at prices ranging from $104.595 to $105.216 per share. Full information regarding the number of shares purchased 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.
FAQ
What insider transaction did ServiceNow (NOW) report in this Form 4?
ServiceNow reported that Chairman and CEO William R. McDermott bought 28,682 shares of common stock in open-market purchases on February 27, 2026. The filing shows these were direct acquisitions that increased his personal stake in the company’s shares.
Was the ServiceNow (NOW) CEO’s stock purchase under a trading arrangement?
Yes. The Form 4 states the CEO’s transaction was executed under a “non-Rule 10b5-1 trading arrangement” adopted on February 13, 2026. This arrangement guided the February 27, 2026 open-market purchases of ServiceNow common stock reported in the filing.