Parker Harris - Feb 6, 2024 Form 4 Insider Report for Salesforce, Inc. (CRM)

Signature
/s/ Sarah Dale, Attorney-in-Fact for Parker Harris
Stock symbol
CRM
Transactions as of
Feb 6, 2024
Transactions value $
-$704,535
Form type
4
Date filed
2/7/2024, 04:47 PM
Previous filing
Jan 31, 2024
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRM Common Stock Options Exercise $496K +4.2K +4% $118.04 109K Feb 6, 2024 Direct F1
transaction CRM Common Stock Sale -$86.4K -305 -0.28% $283.24 109K Feb 6, 2024 Direct F1, F2
transaction CRM Common Stock Sale -$195K -685 -0.63% $284.25 108K Feb 6, 2024 Direct F1, F3
transaction CRM Common Stock Sale -$317K -1.11K -1.03% $285.14 107K Feb 6, 2024 Direct F1, F4
transaction CRM Common Stock Sale -$170K -595 -0.56% $286.03 106K Feb 6, 2024 Direct F1, F5
transaction CRM Common Stock Sale -$312K -1.09K -1.02% $287.12 105K Feb 6, 2024 Direct F1, F6
transaction CRM Common Stock Sale -$120K -417 -0.4% $288.08 105K Feb 6, 2024 Direct F1, F7
transaction CRM Common Stock Gift $0 -1K -0.1% $0.00 964K Feb 6, 2024 By HJ Family Trust F1, F8
holding CRM Common Stock 116K Feb 6, 2024 By LLC BE F9
holding CRM Common Stock 171K Feb 6, 2024 By LLC BN F9
holding CRM Common Stock 116K Feb 6, 2024 By LLC NE F9
holding CRM Common Stock 171K Feb 6, 2024 By LLC NN F9
holding CRM Common Stock 116K Feb 6, 2024 By LLC ZE F9
holding CRM Common Stock 171K Feb 6, 2024 By LLC ZN F9

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 -4.2K -2.5% $0.00 164K Feb 6, 2024 Common Stock 4.2K $118.04 Direct F1, F10
* 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 September 26, 2023.
F2 Weighted average price. These shares were sold in multiple transactions at prices ranging from $282.6600 to $283.6500 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 Weighted average price. These shares were sold in multiple transactions at prices ranging from $283.6600 to $284.6400 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 Weighted average price. These shares were sold in multiple transactions at prices ranging from $284.6800 to $285.6316 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F5 Weighted average price. These shares were sold in multiple transactions at prices ranging from $285.7000 to $286.6034 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F6 Weighted average price. These shares were sold in multiple transactions at prices ranging from $286.7100 to $287.6800 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F7 Weighted average price. These shares were sold in multiple transactions at prices ranging from $287.7750 to $288.4300 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F8 Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust.
F9 The reported securities are held by an LLC that is managed by the reporting person and his spouse.
F10 Option is exercisable and vests over four years at the rate of 25% on March 22, 2019, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.