Salesforce (NYSE: CRM) president vests stock units, withholds shares to cover taxes

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Form Type

Rhea-AI Filing Summary

Salesforce, Inc. President and CRO Miguel Milano reported routine equity compensation activity rather than open-market trading. On June 22, 2026, he exercised restricted stock units that converted into a total of 2,541 shares of Salesforce common stock at a stated conversion price of $0.00 per share.

As part of the same vesting and settlement events, 1,001 shares of common stock were automatically withheld at $150.12 per share to cover his tax liabilities, according to the disclosure. Footnotes explain that the restricted stock units convert into common stock on a one-for-one basis and vest over time, with 25% of each original grant vesting on March 22, 2025 or March 22, 2026 and the remaining portions vesting in equal quarterly installments thereafter.

Insider Trade Summary

Net Buyer: 1,540 shares

Net Buy 6 txns

Insider Milano Miguel

Role President and CRO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,016	$0.00	$0.00
Exercise	Restricted Stock Units	1,525	$0.00	$0.00
Exercise	Common Stock	1,016	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	400	$150.12	$60K
Exercise	Common Stock	1,525	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	601	$150.12	$90K

Holdings After Transaction: Restricted Stock Units — 23,893 shares (Direct); Common Stock — 37,770 shares (Direct)

Footnotes (4)

F1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
F2. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
F3. These restricted stock units vest as to 25% of the original grant on March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter.
F4. These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.

FAQ

What insider transactions did Salesforce (CRM) executive Miguel Milano report?

Miguel Milano reported routine compensation-related transactions, exercising restricted stock units into 2,541 Salesforce common shares. In the same event, 1,001 shares were withheld to satisfy his tax obligations, rather than being sold in the open market.

Did Salesforce (CRM) executive Miguel Milano sell shares in the market?

The filing shows no open-market sales by Miguel Milano. Instead, 1,001 shares were disposed of through tax withholding at $150.12 per share, covering tax liabilities tied to vesting restricted stock units that converted into common stock.

How many Salesforce (CRM) shares came from Miguel Milano’s RSU exercises?

Milano’s Form 4 reports RSU exercises totaling 2,541 shares of Salesforce common stock. These shares arose from restricted stock unit awards that convert into common stock on a one-for-one basis as they vest over the stated schedule.

What price was used for Salesforce (CRM) shares withheld for Miguel Milano’s taxes?

Shares withheld for Miguel Milano’s tax liabilities were valued at $150.12 per share. A total of 1,001 shares of Salesforce common stock were withheld at that price in connection with the vesting and settlement of restricted stock unit awards.

How do Miguel Milano’s Salesforce (CRM) restricted stock units vest over time?

The filing states that each RSU grant vests 25% on the first vesting date, March 22, 2025 or March 22, 2026, with the remaining 75% vesting in 1/16 increments quarterly thereafter. Vested units convert into common stock on a one-for-one basis.

What type of insider transaction code appears in Miguel Milano’s Salesforce (CRM) Form 4?

The Form 4 shows code M for derivative exercises and code F for tax-withholding dispositions. Code M reflects restricted stock units converting into common shares, while code F represents shares withheld by Salesforce to satisfy Milano’s tax liabilities on those vested awards.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 06:23 PM Accepted by SEC EDGAR 06/23/2026 - 06:23 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Milano Miguel

(Last)

(First)

(Middle)

415 MISSION STREET

3RD FLOOR

(Street)

SAN FRANCISCO

CALIFORNIA

94105

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Salesforce, Inc. [ CRM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/22/2026		M		1,016	A	$0	37,246	D
Common Stock	06/22/2026		F⁽¹⁾		400	D	$150.12	36,846	D
Common Stock	06/22/2026		M		1,525	A	$0	38,371	D
Common Stock	06/22/2026		F⁽¹⁾		601	D	$150.12	37,770	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽²⁾	06/22/2026		M			1,016	03/22/2025⁽³⁾	03/22/2028	Common Stock	1,016	$0	7,108	D
Restricted Stock Units	$0⁽²⁾	06/22/2026		M			1,525	03/22/2026⁽⁴⁾	03/22/2029	Common Stock	1,525	$0	16,785	D

Explanation of Responses:

1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.

2. Restricted Stock Units convert to shares of common stock on a one-for-one basis.

3. These restricted stock units vest as to 25% of the original grant on March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter.

4. These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.

	/s/ Sarah Dale, Attorney-in-Fact for Miguel Milano	06/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR