Brian Millham - Jul 22, 2024 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
Jul 22, 2024
Transactions value $
-$376,934
Form type
4
Date filed
7/23/2024, 07:34 PM
Previous filing
Jul 1, 2024
Next filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRM Common Stock Options Exercise $0 +1.95K $0.00 1.95K Jul 22, 2024 Direct
transaction CRM Common Stock Options Exercise $380K +2.04K +104.62% $186.51 3.98K Jul 22, 2024 Direct F1
transaction CRM Common Stock Sale -$507K -2.04K -51.13% $248.75 1.95K Jul 22, 2024 Direct F1
transaction CRM Common Stock Sale -$250K -978 -50.23% $255.78 969 Jul 23, 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 -1.95K -8.33% $0.00 21.4K Jul 22, 2024 Common Stock 1.95K $0.00 Direct F3, F4
transaction CRM Non-qualified Stock Option (Right to Buy) Options Exercise $0 -2.04K -3.03% $0.00 65.2K Jul 22, 2024 Common Stock 2.04K $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.