Brian Millham - 22 Jul 2024 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 Jul 2024
Net transactions value
-$376,934
Form type
4
Filing time
23 Jul 2024, 19:34:51 UTC
Previous filing
01 Jul 2024
Next filing
25 Jul 2024
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 +1,947 $0.000000 1,947 22 Jul 2024 Direct
transaction CRM Common Stock Options Exercise $379,921 +2,037 +105% $186.51 3,984 22 Jul 2024 Direct F1
transaction CRM Common Stock Sale $506,704 -2,037 -51% $248.75 1,947 22 Jul 2024 Direct F1
transaction CRM Common Stock Sale $250,152 -978 -50% $255.78 969 23 Jul 2024 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 -1,947 -8.3% $0.000000 21,424 22 Jul 2024 Common Stock 1,947 $0.000000 Direct F3, F4
transaction CRM Non-qualified Stock Option (Right to Buy) Options Exercise $0 -2,037 -3% $0.000000 65,208 22 Jul 2024 Common Stock 2,037 $186.51 Direct F1, F5
* 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 December 22, 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 July 22, 2024.
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 April 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.
F5 Option is exercisable and vests over four years at the rate of 25% on March 22, 2024, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.