Rep. Ro Khanna and members of his household reported roughly $91,000 worth of purchases in enterprise software giant NOW — ServiceNow, Inc. — over a one‑week stretch in February, according to new congressional trade disclosures.
The California Democrat disclosed three separate buys between Feb. 17 and Feb. 24, with two trades attributed to a dependent child and one to his spouse. The largest transaction fell in the $50,000–$100,000 range, signaling a sizable addition to the family’s exposure to the cloud‑software company.
ServiceNow, which trades on the New York Stock Exchange and carries a market capitalization of about $118.8 billion, is widely followed by investors as a barometer for enterprise software demand. Its platform helps companies automate internal workflows across IT, human resources, and customer service, and the company has increasingly marketed AI‑powered productivity tools to large organizations.
The disclosed purchases included:
- Feb. 17, 2026 — Buy of ServiceNow valued at $1,000–$15,000 (Spouse)
- Feb. 24, 2026 — Buy of ServiceNow valued at $50,000–$100,000 (DC)
- Feb. 24, 2026 — Buy of ServiceNow valued at $1,000–$15,000 (DC)
Combined, the filings imply approximately $91,000 in purchases across the week, though congressional disclosure rules allow lawmakers to report transactions in broad dollar ranges rather than precise figures.
Enterprise software with Washington exposure
ServiceNow’s products are widely used by large enterprises and government agencies to modernize IT operations and automate internal workflows. As federal agencies increasingly invest in digital infrastructure, the company has positioned itself as a key vendor in the government technology ecosystem.
Khanna sits on the House Armed Services Committee, including the Cyber, Information Technologies, and Innovation subcommittee, as well as the House Oversight Committee’s panel on Cybersecurity, Information Technology, and Government Innovation. Both panels regularly examine federal technology modernization and cybersecurity initiatives—areas closely tied to the types of enterprise software platforms ServiceNow provides.
Lawmakers are allowed to buy and sell individual stocks as long as they disclose the transactions within required timelines under the STOCK Act, which mandates public reporting of congressional trades.
Widely traded on Capitol Hill
Khanna is far from the only member of Congress with exposure to ServiceNow. At least 29 lawmakers have reported trades in the stock, according to congressional disclosures tracked alongside the latest congressional trades.
The interest reflects the company’s position near the center of several major technology trends — cloud adoption, enterprise workflow automation, and the integration of artificial intelligence into business software.
Shares of ServiceNow recently traded around $113.62. Investors often view the company as a leading indicator of corporate software budgets because its platform sits at the operational core of many organizations’ IT and service-management systems.
Khanna, who represents Silicon Valley, has been an active participant in stock markets based on disclosure filings. Across his congressional career, more than 19,600 trades have been reported under his name or by members of his household.
The February purchases suggest the Khanna household added to its position in ServiceNow during a period when enterprise software companies have been emphasizing AI‑driven workflow automation as the next phase of productivity gains for large organizations.