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Salesforce (NYSE: CRM) director gains shares from RSU conversion

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Salesforce, Inc. director Oscar Munoz reported an equity award vesting and conversion of restricted stock units into common shares, not an open-market trade. On February 22, 2026, 442 restricted stock units were exercised/converted into 442 shares of common stock at a stated price of $0.00 per share.

After this transaction, Munoz directly held 13,107 shares of Salesforce common stock and 1,324 restricted stock units. The footnotes state that restricted stock units convert to common stock on a one-for-one basis and that the original grant vests in four 25% installments on February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026, illustrating a scheduled vesting pattern rather than discretionary trading.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting and share issuance to a Salesforce director, with no shares sold.

Oscar Munoz, a director of Salesforce, Inc., reported the scheduled vesting and conversion of 442 restricted stock units into an equal number of common shares on February 22, 2026. The transaction code M identifies this as an exercise or conversion of a derivative security, not a market purchase.

Following the conversion, Munoz directly held 13,107 common shares and 1,324 restricted stock units. Footnotes explain a one-for-one RSU-to-share conversion and a vesting schedule with 25% of the original grant vesting on each of February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.

This pattern and the absence of any sale transactions indicate routine equity compensation vesting. The filing mainly clarifies Munoz’s evolving ownership stake as RSUs convert into common stock over the 2026 vesting dates.

Insider MUNOZ OSCAR
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 442 $0.00 --
Exercise Common Stock 442 $0.00 --
Holdings After Transaction: Restricted Stock Units — 1,324 shares (Direct); Common Stock — 13,107 shares (Direct)
Footnotes (1)
  1. Restricted Stock Units convert to shares of common stock on a one-for-one basis. These restricted stock units vest as to 25% of the original grant on each of February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.
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Form 4 Insider Transactions: What Each Field Means →
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*
MUNOZ OSCAR
(Last) (First) (Middle)
BOX 66100 HDQLD
(Street)
CHICAGO IL 60606
(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)
02/22/2026
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 02/22/2026 M 442 A $0 13,107 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0(1) 02/22/2026 M 442 02/22/2026(2) 11/22/2026 Common Stock 442 $0 1,324 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 25% of the original grant on each of February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.
/s/ Sarah Dale, Attorney-in-Fact for Oscar Munoz 02/23/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Salesforce (CRM) director Oscar Munoz report?

Oscar Munoz reported the vesting and conversion of restricted stock units, not a market trade. On February 22, 2026, 442 restricted stock units were exercised/converted into 442 Salesforce common shares at a stated price of $0.00 per share as part of his equity compensation.

How many Salesforce (CRM) shares does Oscar Munoz hold after this Form 4?

After the reported transactions, Oscar Munoz directly holds 13,107 Salesforce common shares. He also directly holds 1,324 restricted stock units, which are scheduled to convert into additional common shares over 2026 under the disclosed vesting schedule, subject to continued service and plan terms.

Were any Salesforce (CRM) shares sold in Oscar Munoz’s latest insider filing?

No Salesforce shares were sold in this filing. The Form 4 shows only an exercise/conversion of 442 restricted stock units into 442 common shares at $0.00 per share, reflecting routine equity award vesting, with no reported sale or disposition transaction by the director.

What is the vesting schedule for Oscar Munoz’s Salesforce (CRM) restricted stock units?

The restricted stock units vest in four equal installments. Footnotes state that 25% of the original grant vests on each of February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026, with each vested unit converting into one Salesforce common share.

At what conversion ratio do Oscar Munoz’s Salesforce (CRM) RSUs turn into shares?

The restricted stock units convert into Salesforce common shares on a one-for-one basis. For each vested restricted stock unit, Oscar Munoz receives one share of Salesforce common stock, as explicitly stated in the footnotes to the insider filing describing these equity awards.