[Form 4] Salesforce, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 summary: Niles Sabastian, identified as President and Chief Legal Officer of Salesforce, Inc. (CRM), reported transactions on 08/22/2025. 1,663 restricted stock units vested and converted to common stock (recorded as an acquisition at $0), and 920 shares were disposed to satisfy tax withholding at a price of $248.29. After these transactions the filing shows 3,137 shares beneficially owned (direct) and 13,301 derivative securities beneficially owned following the reported activity. The form is signed by an attorney-in-fact on 08/25/2025. The filing notes the RSU vesting schedule and that shares were withheld to satisfy tax obligations.

Positive

• RSU vesting increases executive ownership by 1,663 shares, aligning management with shareholder interests
• Filing documents tax-withholding rather than an open-market sale, indicating settlement of compensation obligations

Negative

• 920 shares were disposed to satisfy tax withholding, reducing net new shares received by the reporting person
• Disposition price of $248.29 for withheld shares indicates a material market value realization at time of withholding

Insights

Corporate Governance Expert

TL;DR Insider reported routine RSU vesting with tax-withholding disposal; no new external transactions or unusual timing indicated.

The Form 4 documents standard executive compensation mechanics: 1,663 RSUs vested and converted to common stock while 920 shares were withheld to satisfy tax liabilities, recorded as a disposition at $248.29. Beneficial ownership figures consolidate direct and derivative holdings, showing continued meaningful ownership stake. There are no disclosures of option exercises for cash sales, pledging, or transfers to affiliates. This filing appears procedural and consistent with scheduled vesting under existing grant terms.

Executive Compensation Analyst

TL;DR The transaction reflects scheduled RSU vesting and tax withholding—typical compensation settlement rather than a market-directed sale.

The disclosure indicates RSUs convert one-for-one to common stock and follow a multi-year vesting schedule (25% initial vest then quarterly vesting). The withholding of 920 shares to cover taxes is explicitly noted, and the reported acquisition of 1,663 shares at $0 is the settlement of those RSUs. The transaction values and quantities are explicit; there is no indication of a Rule 10b5-1 plan or other pre-arranged sale in this filing.

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^*

Niles Sabastian

(Last) (First) (Middle)

415 MISSION STREET

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)

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

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		1,663	A	$0	4,057	D
Common Stock	08/22/2025		F		920(1)	D	$248.29	3,137	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(2)	08/22/2025		M			1,663	08/22/2024(3)	08/22/2027	Common Stock	1,663	$0	13,301	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 August 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Sarah Dale, Attorney-in-Fact for Sabastian Niles	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 transactions did CRM insider Niles Sabastian report on 08/22/2025?

The filing reports 1,663 RSUs vested and converted to common stock (acquired at $0) and 920 shares disposed to satisfy tax withholding at $248.29 per share.

How many shares does Niles Sabastian beneficially own after the reported transactions?

The Form 4 shows 3,137 shares beneficially owned directly and 13,301 derivative securities beneficially owned following the transactions.

Why were 920 shares disposed according to the Form 4?

The filing explicitly states those 920 shares were withheld to satisfy the reporting person's tax liability upon vesting and settlement of the RSU award.

What is the RSU vesting schedule referenced in the filing?

The filing states RSUs vest 25% on August 22, 2024 and then vest as to 1/16 of the original grant quarterly thereafter.

Who signed the Form 4 and when was it filed?

The Form is signed by Sarah Dale, Attorney-in-Fact for Sabastian Niles on 08/25/2025.