Salesforce CTO Parker Harris Maintains Large Stake After Routine Share Sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parker Harris, Co-Founder and CTO of Slack at Salesforce (CRM), reported multiple insider transactions on June 22-23, 2025:
- Acquired 2,271 shares through RSU conversions (1,002 + 1,269 shares at $0)
- Sold 1,142 shares at $262.3478 per share to cover tax obligations
- Directly owns 136,824 shares after transactions
- Indirectly owns significant holdings through various trusts and LLCs: - 946,987 shares via HJ Family Trust - 861,491 shares total through six different LLCs
The transactions involved the vesting of two RSU grants: one from March 2023 vesting quarterly over 4 years, and another from March 2025 with similar vesting terms. The sales were specifically to satisfy tax withholding requirements from the RSU settlements.
Positive
- Co-Founder and CTO Parker Harris continues to maintain substantial insider ownership with over 136,824 shares held directly
- Harris holds significant indirect ownership through various trusts and LLCs totaling approximately 1.8 million shares, demonstrating long-term commitment to the company
- Regular vesting of RSUs indicates continued executive retention and alignment with shareholder interests
Negative
- Insider sold 1,142 shares at $262.3478 per share, though this was primarily for tax withholding purposes rather than discretionary selling
- The sales represent a small portion of Harris's total holdings, minimizing negative signal
Insider Trade Summary
Net Seller: 1,142 shares ($299,601)
Net Sell
13 txns
Insider
Harris Parker
Role
Co-Founder and CTO, Slack
Sold
1,142 shs ($300K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 504 | $262.3478 | $132K |
| Sale | Common Stock | 638 | $262.3478 | $167K |
| Exercise | Restricted Stock Units | 1,002 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,269 | $0.00 | -- |
| Exercise | Common Stock | 1,002 | $0.00 | -- |
| Exercise | Common Stock | 1,269 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 137,462 shares (Direct);
Restricted Stock Units — 3,008 shares (Direct);
Common Stock — 946,987 shares (Indirect, By HJ Family Trust)
Footnotes (1)
- Represents a sale of shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement of shares that were earned by the holder pursuant to a restricted stock unit award that vested based on the holder's continued employment through June 22, 2025. 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, 2023 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, 2025 and vest as to 1/16 of the original grant quarterly thereafter.
FAQ
What is Parker Harris's current position at Salesforce (CRM)?
According to the Form 4 filing, Parker Harris serves as both a Director of Salesforce and holds the position of Co-Founder and CTO of Slack, which is a Salesforce subsidiary.
What restricted stock units (RSUs) did Parker Harris exercise for CRM stock on June 22, 2025?
On June 22, 2025, Harris exercised two sets of RSUs: 1,002 units from a grant expiring March 22, 2026, and 1,269 units from a grant expiring March 22, 2028. Both RSUs converted to common stock on a one-for-one basis at a conversion price of $0.