Brent Hyder - 24 Jul 2023 Form 4 Insider Report for Salesforce, Inc. (CRM)

Role
President/Chief People Officer
Signature
/s/ Sarah Dale, Attorney-in-Fact for Brent Hyder
Issuer symbol
CRM
Transactions as of
24 Jul 2023
Net transactions value
-$214,472
Form type
4
Filing time
25 Jul 2023, 19:26:48 UTC
Previous filing
24 Jul 2023
Next filing
26 Jul 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 $202,540 +1,314 +14% $154.14 10,436 24 Jul 2023 Direct F1
transaction CRM Common Stock Options Exercise $198,408 +1,394 +13% $142.33 11,830 24 Jul 2023 Direct F1
transaction CRM Common Stock Sale $615,420 -2,708 -23% $227.26 9,122 24 Jul 2023 Direct F1

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 Non-qualified Stock Option (Right to Buy) Options Exercise $0 -1,314 -10% $0.000000 11,823 24 Jul 2023 Common Stock 1,314 $154.14 Direct F1, F2
transaction CRM Non-qualified Stock Option (Right to Buy) Options Exercise $0 -1,394 -25% $0.000000 4,182 24 Jul 2023 Common Stock 1,394 $142.33 Direct F1, F3
* 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 28, 2023.
F2 Option 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.
F3 Option vests over four years at the rate of 25% on October 22, 2020, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.