Salesforce (CRM) co-founder Parker Harris details RSU vesting and share withholding
Rhea-AI Filing Summary
Salesforce, Inc. director and officer Parker Harris reported routine equity transactions involving company common stock. On 12/22/2025, restricted stock units converted into 1,002 shares of common stock and, separately, another grant converted into 1,269 shares, both at an exercise price of $0. On the same date, Harris had 497 shares and 630 shares withheld at a price of $264.63 per share to cover tax obligations upon vesting, as disclosed in the footnotes.
After these transactions, Harris reported 140,911 shares held directly and additional indirect holdings through the HJ Family Trust and several LLCs managed by him and his spouse. The filing reflects ongoing vesting of prior restricted stock unit awards and associated tax withholding, rather than an open-market discretionary sale.
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FAQ
What insider transactions did Salesforce (CRM) report for Parker Harris?
The report shows Parker Harris had restricted stock units convert into 1,002 and 1,269 shares of Salesforce common stock on 12/22/2025, with related share withholding for taxes.
Were Parker Harris Salesforce (CRM) transactions open-market sales?
No. The filing states that 497 and 630 shares were withheld to satisfy tax liabilities upon vesting and settlement of restricted stock unit awards, rather than discretionary open-market sales.
How many Salesforce (CRM) shares does Parker Harris hold directly after these transactions?
Following the reported transactions, Parker Harris directly beneficially owned 140,911 shares of Salesforce common stock.
What Salesforce (CRM) derivative securities are involved in this Form 4?
The filing involves restricted stock units that convert into Salesforce common stock on a one-for-one basis, with grants of 1,002 and 1,269 units exercised at an effective price of $0.
How do the reported restricted stock units for Salesforce (CRM) vest?
One RSU grant vests 25% on March 22, 2023 and then 1/16 of the original grant quarterly thereafter. Another vests 25% on March 22, 2025 and then 1/16 quarterly thereafter.
Does Parker Harris report indirect ownership of Salesforce (CRM) shares?
Yes. The filing lists indirect holdings through The G. Parker Harris III & Holly L. Johnson Family Trust and several LLCs managed by Harris and his spouse, each holding Salesforce common stock.