Brian Millham - 22 Jun 2023 Form 4 Insider Report for Salesforce, Inc. (CRM)

Role
President and COO
Signature
/s/ Sarah Dale, Attorney-in-Fact for Brian Millham
Issuer symbol
CRM
Transactions as of
22 Jun 2023
Transactions value $
-$450,323
Form type
4
Filing time
23 Jun 2023, 21:22:43 UTC
Previous filing
21 Jun 2023
Next filing
27 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRM Common Stock Options Exercise $0 +1,634 $0 1,634 22 Jun 2023 Direct
transaction CRM Common Stock Options Exercise $0 +1,706 +1.04% $0 3,340 22 Jun 2023 Direct
transaction CRM Common Stock Options Exercise $269,128 +1,746 +52.28% $154.14 5,086 22 Jun 2023 Direct F1
transaction CRM Common Stock Sale -$366,013 -1,746 -34.33% $209.63 3,340 22 Jun 2023 Direct F1
transaction CRM Common Stock Sale -$172,105 -821 -24.58% $209.63 2,519 23 Jun 2023 Direct F2
transaction CRM Common Stock Sale -$840 -4 -0.16% $210.02 2,515 23 Jun 2023 Direct F2
transaction CRM Common Stock Sale -$179,652 -857 -34.08% $209.63 1,658 23 Jun 2023 Direct F2
transaction CRM Common Stock Sale -$840 -4 -0.24% $210 1,654 23 Jun 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRM Restricted Stock Units Options Exercise $0 -1,634 -12.5% $0 11,442 22 Jun 2023 Common Stock 1,634 $0 Direct F3, F4
transaction CRM Restricted Stock Units Options Exercise $0 -1,706 -8.33% $0 18,772 22 Jun 2023 Common Stock 1,706 $0 Direct F3, F5
transaction CRM Non-qualified Stock Option (Right to Buy) Options Exercise $0 -1,746 -9.09% $0 17,455 22 Jun 2023 Common Stock 1,746 $154.14 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2023.
F2 Represents a sale of shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement of shares that were earned by the holder pursuant to a restricted stock unit award that vested based on the holder's continued employment through June 22, 2023.
F3 Restricted Stock Units convert to shares of common stock on a one-for-one basis.
F4 These restricted stock units vest as to 25% of the original grant on March 22, 2022, and vest as to 1/16 of the original grant quarterly thereafter.
F5 These restricted stock units vest as to 25% of the original grant on March 22, 2023, and vest as to 1/16 of the original grant quarterly thereafter.
F6 Option is exercisable and vests over four years at the rate of 25% on April 22, 2021, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.