Bret Taylor - Dec 22, 2021 Form 4 Insider Report for SALESFORCE.COM, INC. (CRM)

Role: Vice Chair of the Board, CoCEO, Director
Signature: /s/ Anisha Mehta, attorney-in-fact for Bret Taylor
Stock symbol: CRM
Transactions as of: Dec 22, 2021
Transactions value $: $7,351,685
Form type: 4
Date filed: 12/23/2021, 07:37 PM
Previous filing: Oct 25, 2021
Next filing: Jan 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRM	Common Stock	Options Exercise	$0	+1.32K	+0.14%	$0.00	925K	Dec 22, 2021	Direct
transaction	CRM	Common Stock	Options Exercise	$0	+967	+0.1%	$0.00	926K	Dec 22, 2021	Direct
transaction	CRM	Common Stock	Sale	-$289K	-1.15K	-0.12%	$251.47	925K	Dec 23, 2021	Direct	F1
holding	CRM	Common Stock						234K	Dec 22, 2021	By Trusts

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	Performance-Based Restricted Stock Units	Award	$0	+14.1K		$0.00	14.1K	Dec 22, 2021	Common Stock	14.1K	$0.00	Direct	F2, F3
transaction	CRM	Non-qualified Stock Option (Right to Buy)	Award	$7.64M	+30.2K		$252.80	30.2K	Dec 22, 2021	Common Stock	30.2K	$252.80	Direct	F4
transaction	CRM	Restricted Stock Units	Options Exercise	$0	-1.32K	-50%	$0.00	1.32K	Dec 22, 2021	Common Stock	1.32K	$0.00	Direct	F5, F6
transaction	CRM	Restricted Stock Units	Options Exercise	$0	-967	-16.66%	$0.00	4.84K	Dec 22, 2021	Common Stock	967	$0.00	Direct	F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 Decenter 22, 2021.
F2	Each performance-based restricted stock unit, or PRSU, represents a contingent right to receive one share of Issuer common stock.
F3	The PRSUs will vest depending on Issuer's total shareholder return ("TSR") over the three-year period from the grant date (the "Performance Period"), relative to companies in the NASDAQ-100 Index as of the grant date (the "Index Group"). If Issuer's TSR over the Performance Period is at the 60th percentile when ranked against the Index Group TSRs, 100% of the target number of shares will vest. For every percentile by which Issuer's TSR ranking within the Index Group exceeds the 60th percentile, shares vesting will increase by 3 and 1/3%, up to a maximum payout of 200% of target if Issuer's TSR ranking is at the 99th percentile. For every percentile by which Issuer's TSR ranking within the Index Group is below the 60th percentile, shares vesting will decrease by 2 and 22/39%, with no payout if Issuer's TSR ranking is below the 30th percentile. If Issuer's absolute TSR over the Performance Period is negative, the number of shares vesting will not exceed 100% of target.
F4	Option vests over four years at the rate of 25% on December 22, 2022, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.
F5	Restricted Stock Units convert to shares of common stock on a one-for-one basis.
F6	These restricted stock units vested as to 25% of the original grant on March 22, 2019 and vest as to 1/16 of the original grant quarterly thereafter.
F7	These restricted stock units vested as to 25% of the original grant on March 22, 2020 and vest as to 1/16 of the original grant quarterly thereafter.