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

Role
President and COO
Signature
/s/ Sarah Dale, Attorney-in-Fact for Brian Millham
Stock symbol
CRM
Transactions as of
Sep 22, 2023
Transactions value $
-$441,162
Form type
4
Date filed
9/25/2023, 07:59 PM
Previous filing
Aug 23, 2023
Next filing
Sep 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRM Common Stock Options Exercise $0 +1.64K $0.00 1.64K Sep 22, 2023 Direct
transaction CRM Common Stock Options Exercise $0 +1.71K +104.4% $0.00 3.34K Sep 22, 2023 Direct
transaction CRM Common Stock Options Exercise $269K +1.75K +52.21% $154.14 5.09K Sep 22, 2023 Direct F1
transaction CRM Common Stock Sale -$366K -1.75K -34.3% $209.50 3.34K Sep 22, 2023 Direct F1
transaction CRM Common Stock Sale -$168K -821 -24.57% $205.22 2.52K Sep 25, 2023 Direct F2
transaction CRM Common Stock Sale -$176K -858 -34.03% $205.22 1.66K Sep 25, 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 -1.64K -14.29% $0.00 9.81K Sep 22, 2023 Common Stock 1.64K $0.00 Direct F3, F4
transaction CRM Restricted Stock Units Options Exercise $0 -1.71K -9.09% $0.00 17.1K Sep 22, 2023 Common Stock 1.71K $0.00 Direct F3, F5
transaction CRM Non-qualified Stock Option (Right to Buy) Options Exercise $0 -1.75K -12.5% $0.00 12.2K Sep 22, 2023 Common Stock 1.75K $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.