Fipps Paul

Fipps Paul, President of Global Customer Operations, has demonstrated a consistent selling bias in his recent transactions involving ServiceNow (NOW), according to SEC Form 4 filings. Over 67 reported trades across two companies, Paul has recorded no open-market purchases, with all activity concentrated on dispositions totaling over $5 million. His most recent transactions include two notable sales: a $376,141 disposition on February 23, 2026, and a larger $1,021,271 sale on February 18, 2026. These follow a series of smaller transactions earlier in February, including multiple dispositions under $50,000 and several in the $100,000-$400,000 range, such as a $291,685 transaction on February 13 and a $197,455 sale the same day. The pattern shows Paul has exclusively reduced his position in NOW, with no offsetting buys. While some transactions appear to be routine (coded "F" for tax withholding or "A" for awards), the open-market sales (coded "S") dominate the monetary value. The absence of any purchases across all filings suggests either portfolio rebalancing or liquidity needs rather than accumulation. The concentrated selling in NOW—the only equity actively traded in recent months—indicates a directional reduction in exposure to this single holding, though the filings do not specify whether these sales represent full divestment or partial position trimming.