Salesforce Co-Founder Sells $300K in Stock for Tax Obligations
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
Harris Parker
Role
Co-Founder and CTO, Slack
Sold
1,142 shs ($300K)
Approx. gross sale proceeds
$300K
Approx. exercise cost
$0.00
| 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 | $0.00 |
| Exercise | Restricted Stock Units | 1,269 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,002 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,269 | $0.00 | $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:
Restricted Stock Units — 16,970 contracts (Direct);
Common Stock — 136,824 shares (Direct);
Common Stock — 946,987 shares (Indirect, By HJ Family Trust);
Common Stock — 115,840 shares (Indirect, By LLC BE);
Common Stock — 171,323 shares (Indirect, By LLC BN);
Common Stock — 115,840 shares (Indirect, By LLC NE);
Common Stock — 171,324 shares (Indirect, By LLC NN);
Common Stock — 115,840 shares (Indirect, By LLC ZE);
Common Stock — 171,324 shares (Indirect, By LLC ZN)
Footnotes (6)
- F1. 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.
- F2. Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust.
- F3. The reported securities are held by an LLC that is managed by the reporting person and his spouse.
- F4. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- F5. 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.
- F6. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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