Slack co-founder (NYSE: CRM) exercises RSUs and withholds Salesforce shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesforce, Inc. director and Slack co-founder/CTO Parker Harris reported routine equity compensation activity involving restricted stock units (RSUs). On June 22, 2026, RSUs covering 1,271 and 1,269 shares of common stock converted on a one-for-one basis into Salesforce shares. To cover tax obligations at vesting, 631 and 630 shares were withheld at $150.12 per share, which is a tax-withholding disposition rather than an open-market sale.
After these transactions, Harris directly holds 162,388 shares of Salesforce common stock and retains 13,987 and 8,885 RSUs from the two awards for future vesting. He also has indirect holdings in common stock through several LLCs he and his spouse manage and through The G. Parker Harris III & Holly L. Johnson Family Trust, which holds 930,987 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,540 shares exercised/converted
Mixed
13 txns
Insider
Harris Parker
Role
Co-Founder and CTO, Slack
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,269 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,271 | $0.00 | -- |
| Exercise | Common Stock | 1,269 | $0.00 | -- |
| Tax Withholding | Common Stock | 630 | $150.12 | $95K |
| Exercise | Common Stock | 1,271 | $0.00 | -- |
| Tax Withholding | Common Stock | 631 | $150.12 | $95K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,885 shares (Direct, null);
Common Stock — 162,378 shares (Direct, null);
Common Stock — 930,987 shares (Indirect, By HJ Family Trust)
Footnotes (1)
- Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award. Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust. The reported securities are held by an LLC that is managed by the reporting person and his spouse. 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 March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter. 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.
Key Figures
RSUs converted to common stock: 1,271 shares
Additional RSUs converted to common stock: 1,269 shares
Shares withheld for taxes: 631 shares
+5 more
8 metrics
RSUs converted to common stock
1,271 shares
Restricted Stock Units converting one-for-one into common stock on June 22, 2026
Additional RSUs converted to common stock
1,269 shares
Second RSU tranche converting one-for-one into common stock on June 22, 2026
Shares withheld for taxes
631 shares
Common stock withheld to satisfy tax liability at $150.12 per share
Additional shares withheld for taxes
630 shares
Second tax-withholding disposition at $150.12 per share
Direct common shares after transactions
162,388 shares
Direct Salesforce common stock held by Parker Harris following transactions
Family trust common shares
930,987 shares
Common stock held by The G. Parker Harris III & Holly L. Johnson Family Trust
Remaining RSUs from 2026-vesting grant
13,987 units
Restricted Stock Units remaining after conversion from grant vesting starting March 22, 2026
Remaining RSUs from 2025-vesting grant
8,885 units
Restricted Stock Units remaining after conversion from grant vesting starting March 22, 2025
Key Terms
Restricted Stock Units, tax liability, Family Trust, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units convert to shares of common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award."
Family Trust financial
"Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"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."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Parker Harris report at Salesforce (CRM)?
Parker Harris reported RSU vesting that converted 1,271 and 1,269 restricted stock units into Salesforce common shares. The company also withheld 631 and 630 shares to satisfy tax liabilities associated with these vesting events.
What RSU balances does Parker Harris still have with Salesforce (CRM)?
After converting some RSUs into shares, Harris retains 13,987 RSUs from a 2026-vesting grant and 8,885 RSUs from a 2025-vesting grant. These remaining units are scheduled to vest over time under the awards’ stated schedules.
What indirect Salesforce (CRM) holdings are associated with Parker Harris?
The Form 4 lists indirect holdings in Salesforce common stock through multiple LLCs managed by Harris and his spouse and through The G. Parker Harris III & Holly L. Johnson Family Trust, which holds 930,987 shares of common stock.
How were the RSU vesting schedules for Parker Harris structured at Salesforce (CRM)?
One RSU grant vests 25% on March 22, 2025, then 1/16 quarterly. Another vests 25% on March 22, 2026, then 1/16 quarterly. These schedules gradually deliver shares over time as service-based vesting conditions are met.