[Form 4] Salesforce, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Salesforce director David B. Kirk reported the vesting and conversion of restricted stock units into common shares on 08/22/2025. According to the filing, 424 restricted stock units vested and converted one-for-one into 424 shares of common stock at no cash price. After the reported transaction, the reporting person beneficially owned 424 shares directly and 4,493 shares indirectly through a trust. The filing is signed by an attorney-in-fact on behalf of the reporting person.

Positive

• 424 restricted stock units vested and converted to common stock on 08/22/2025
• No cash price was reported for the RSU conversion, consistent with standard vesting treatment

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A routine director equity vesting converted 424 RSUs to shares; no sale or cash consideration reported.

The Form 4 documents a standard equity-compensation event for a board member of Salesforce. 424 restricted stock units vested on 08/22/2025 and converted one-for-one into common stock with a reported price of $0, consistent with RSU vesting rather than an open-market purchase. Post-transaction holdings show 424 shares held directly and 4,493 held indirectly via trust. This filing appears procedural and does not indicate a change in control, additional compensation terms, or a market disposition that would materially alter shareholder interests.

Securities Analyst

TL;DR: The transaction is a vesting/conversion of RSUs to 424 shares; it is immaterial to company capital structure.

From a securities perspective, the event increases the reporting persons direct share count by 424 shares without any cash consideration reported. The filing does not show any sales, option exercises for cash, or transfers that would affect float or signal liquidity actions by the insider. Given the modest size relative to Salesforces market capitalization, this is a routine disclosure with negligible market impact.

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^*

Kirk David Blair

(Last) (First) (Middle)

415 MISSION ST, 3RD FLOOR

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		M		424	A	$0	424	D
Common Stock								4,493	I	By Trust

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	08/22/2025		M			424	08/22/2025(2)	11/22/2025	Common Stock	424	$0	424	D

Explanation of Responses:

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

2. These restricted stock units vest as to 50% of the original grant on each of August 22, 2025 and November 22, 2025.

	/s/ Sarah Dale, Attorney-in-Fact for David B. Kirk	08/25/2025
	** 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.

FAQ

What transaction did Salesforce director David B. Kirk report on the Form 4 (CRM)?

The Form 4 reports that 424 restricted stock units vested and converted to 424 shares of Salesforce common stock on 08/22/2025.

How many shares does the reporting person beneficially own after the transaction?

After the reported transaction the reporting person beneficially owns 424 shares directly and 4,493 shares indirectly via a trust.

Was any cash paid for the shares acquired from the RSU conversion?

No cash price is reported; the filing shows the conversion price as $0, consistent with RSU vesting.

When did the restricted stock units vest and are there additional vesting dates?

The filing states 50% of the original RSU grant vested on 08/22/2025 and the remaining 50% vests on 11/22/2025.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 is signed by Sarah Dale, Attorney-in-Fact for David B. Kirk on 08/25/2025.