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CRM Form 4: Maynard Webb Converts 274 RSUs to Shares

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

Rhea-AI Filing Summary

Maynard G. Webb Jr., a Salesforce (CRM) director, reported insider transactions on Form 4 dated 08/22/2025. The filing shows 274 shares of common stock were acquired through vesting of 274 restricted stock units at no cash exercise price, increasing his direct beneficial ownership to 2,516 shares. The filing also reports 187 shares held indirectly via the Webb Family Trust.

The restricted stock units vest in four equal tranches: 25% on each of February 22, May 22, August 22, and November 22, 2025. The Form 4 was signed by Sarah Dale as attorney-in-fact for Mr. Webb on 08/25/2025.

Positive

  • 274 RSUs vested, converting to 274 shares and increasing direct ownership, which aligns the director's interests with shareholders
  • Clear vesting schedule disclosed: 25% on Feb 22, May 22, Aug 22, and Nov 22, 2025, improving transparency

Negative

  • None.

Insights

TL;DR: Routine director RSU vesting increased direct holdings by 274 shares; no cash paid and no derivative trades reported.

The transaction is a standard vesting event converting 274 RSUs into 274 common shares at a conversion price of $0, indicating these were time-based restricted stock units rather than option exercises. The change modestly raises the director's direct stake to 2,516 shares while 187 shares remain held indirectly through a family trust. There are no sales or dispositions disclosed, and no cash proceeds involved, so the transaction has limited immediate market impact.

TL;DR: This Form 4 documents standard executive compensation vesting and reflects alignment via equity but is not material to ownership control.

The filing clarifies ownership form and vesting schedule, demonstrating routine governance transparency. The reported indirect ownership via the Webb Family Trust is disclosed, meeting Section 16 reporting requirements. Because the holdings reported are small relative to a public company of Salesforce's size, this disclosure is procedural rather than signaling control changes or major insider reallocation.

Insider WEBB MAYNARD G JR
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 274 $0.00 --
Exercise Common Stock 274 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 274 shares (Direct); Common Stock — 2,516 shares (Direct); Common Stock — 187 shares (Indirect, Webb Family Trust)
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, 2025, May 22, 2025, August 22, 2025, and November 22, 2025.
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*
WEBB MAYNARD G JR
(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)
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 274 A $0 2,516 D
Common Stock 187 I Webb Family 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 274 02/22/2025(2) 11/22/2025 Common Stock 274 $0 274 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, 2025, May 22, 2025, August 22, 2025, and November 22, 2025.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Sarah Dale, Attorney-in-Fact for Maynard Webb 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Maynard G. Webb Jr. report on Form 4 for CRM?

He reported the vesting and conversion of 274 restricted stock units into 274 shares of Salesforce common stock on 08/22/2025.

How many shares does Maynard Webb beneficially own after the reported transaction?

Following the transaction he directly beneficially owns 2,516 shares and indirectly owns 187 shares through the Webb Family Trust.

Did Maynard Webb pay cash to acquire the vested shares?

No. The RSUs converted to shares at a reported price of $0, indicating no cash exercise was required.

What is the RSU vesting schedule disclosed in the filing?

The RSUs vest in four equal tranches: 25% on Feb 22, May 22, Aug 22, and Nov 22, 2025.

Who signed the Form 4 on behalf of Maynard Webb?

The Form 4 was signed by Sarah Dale, Attorney-in-Fact for Maynard Webb on 08/25/2025.