CRM Insider Filing: 1,663 RSUs Converted, 920 Shares Tax-Withheld at $248.29
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,663 | $0.00 | -- |
| Exercise | Common Stock | 1,663 | $0.00 | -- |
| Tax Withholding | Common Stock | 920 | $248.29 | $228K |
Footnotes (1)
- Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award. 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 August 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.
