Frederic Luddy, Chief Product Officer at ServiceNow Inc. (NYSE:NOW), unloaded 151,400 shares of Common Stock this week. The sale was executed over the last three days, finishing yesterday, and while some of the stock was sold directly, some was sold indirectly through the insider’s spouse or his fund, Frederic B. Luddy CRT, LLC. The transaction commenced on Tuesday by disposing of 51,400 shares for prices ranging between $56.83 and $57.73 per share. The sale continued on Wednesday, unloading 50,000 shares for prices ranging between $55.65 and $56.33 per share, before closing on Thursday with another sale of 50,000 shares for $55.46 to $56.00 per share.

However, the CPO isn’t the only insider unloading stock recently at ServiceNow. Last Friday, the firm’s President and Chief Executive Officer, Frank Slootman, disposed of 120,000 shares of Common Stock, for prices ranging between $56.41 and $58.53 per share. This is the second stock sale to be executed by the insider, as he had unloaded 80,798 shares in July, receiving $63.41 per share.

Disclosure: none

Suggested Articles:

Hedge Funds vs Mutual Funds

Jobs That Will Always Be Needed