Brian Millham - 22 Sep 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 Sep 2023
Net transactions value
-$441,162
Form type
4
Filing time
25 Sep 2023, 20:59:11 UTC
Previous filing
23 Aug 2023
Next filing
27 Sep 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 +1,635 $0.000000 1,635 22 Sep 2023 Direct
transaction CRM Common Stock Options Exercise $0 +1,707 +104% $0.000000 3,342 22 Sep 2023 Direct
transaction CRM Common Stock Options Exercise $268,974 +1,745 +52% $154.14 5,087 22 Sep 2023 Direct F1
transaction CRM Common Stock Sale $365,578 -1,745 -34% $209.50 3,342 22 Sep 2023 Direct F1
transaction CRM Common Stock Sale $168,483 -821 -25% $205.22 2,521 25 Sep 2023 Direct F2
transaction CRM Common Stock Sale $176,076 -858 -34% $205.22 1,663 25 Sep 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 -1,635 -14% $0.000000 9,807 22 Sep 2023 Common Stock 1,635 $0.000000 Direct F3, F4
transaction CRM Restricted Stock Units Options Exercise $0 -1,707 -9.1% $0.000000 17,065 22 Sep 2023 Common Stock 1,707 $0.000000 Direct F3, F5
transaction CRM Non-qualified Stock Option (Right to Buy) Options Exercise $0 -1,745 -12% $0.000000 12,219 22 Sep 2023 Common Stock 1,745 $154.14 Direct 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 September 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.