Salesforce EVP Reddy converts 575 RSUs, withholds stock

Sundeep G. Reddy, EVP & Chief Accounting Officer of Salesforce, Inc., reported the vesting and conversion of restricted stock units into common stock on September 22, 2025.

Rhea-AI Filing Summary

Sundeep G. Reddy, EVP & Chief Accounting Officer of Salesforce, Inc., reported the vesting and conversion of restricted stock units into common stock on September 22, 2025. RSU awards covering 575 shares converted to common stock, and 257 shares were withheld to satisfy tax liabilities at $249.69 per share. After these transactions, he directly holds 12,846 shares of common stock and 4,603 restricted stock units.

Insights

Securities Analyst

TL;DR: Routine RSU vesting and share-withholding to cover taxes; small open-market disposition noted, no change to role.

The Form 4 documents standard equity compensation settlement: two RSU grants vested/settled on 09/22/2025 totaling 575 units that convert 1:1 into common stock. The reporting person had 257 shares withheld at a stated price of $249.69 to satisfy tax withholding, which is a common administrative outcome of RSU settlement. The filing provides post-transaction beneficial ownership tallies between 12,671 and 13,103 shares across reporting lines. There is no disclosure of additional open-market purchases or sales beyond the withholding-for-taxes and the vesting event, and no indication of any change in reporting relationship.

Corporate Governance Expert

TL;DR: Administrative insider filing reflecting compensation settlement; governance impact is minimal and routine.

The disclosure is a standard Section 16 Form 4 showing settlement of restricted stock units and related tax-withholding. The presence of an Exhibit 24 power of attorney and a signature by an attorney-in-fact is properly noted. The transactions are consistent with compensation vesting schedules described in the explanations and do not reflect discretionary open-market trading beyond tax-related dispositions. From a governance perspective, this is routine reporting by an officer and does not indicate a change in control, policy, or corporate governance posture.

Insider Trade Summary

575 shares exercised/converted

Exercise 6 txns

Insider Reddy Sundeep G.

Role EVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	143	$0.00	$0.00
Exercise	Restricted Stock Units	432	$0.00	$0.00
Exercise	Common Stock	143	$0.00	$0.00
Exercise	Common Stock	432	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	64	$249.69	$16K
Exercise Price or Tax Liability	Common Stock	193	$249.69	$48K

Holdings After Transaction: Restricted Stock Units — 4,603 contracts (Direct); Common Stock — 12,846 shares (Direct)

Footnotes (4)

1. F1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
2. F2. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
3. F3. 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.
4. F4. 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.

Key Figures

RSUs converted: 575 shares Shares withheld for taxes: 257 shares Tax withholding price: $249.69 per share +3 more

6 metrics

RSUs converted 575 shares Restricted Stock Units converted to common stock on September 22, 2025

Shares withheld for taxes 257 shares Common shares withheld to satisfy tax liability at vesting

Tax withholding price $249.69 per share Price applied to tax-withholding dispositions of common stock

Post-transaction common shares 12,846 shares Direct Salesforce common stock holdings following reported transactions

Post-transaction RSUs 4,603 units Direct restricted stock unit holdings after the vesting events

Individual RSU grants 143 and 432 units Two RSU tranches that converted one-for-one into common stock

Key Terms

Restricted Stock Units, tax-withholding disposition, vesting and settlement, quarterly thereafter

4 terms

Restricted Stock Units financial

"Restricted Stock Units convert to shares of common stock on a one-for-one basis."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

vesting and settlement financial

"tax liability upon vesting and settlement of a restricted stock unit award."

quarterly thereafter financial

"vest as to 1/16 of the original grant quarterly thereafter."

FAQ

What transactions did Salesforce (CRM) executive Sundeep G. Reddy report on this Form 4?

Sundeep G. Reddy reported RSU vesting that converted 575 shares into Salesforce common stock and tax-withholding dispositions of 257 shares at $249.69 per share on September 22, 2025.

How many Salesforce (CRM) restricted stock units vested for Sundeep G. Reddy?

RSU awards covering 575 shares of Salesforce common stock vested and settled. These came from two grants of 143 and 432 restricted stock units that convert into common stock on a one-for-one basis.

How many Salesforce (CRM) shares were withheld for taxes and at what price?

257 shares of Salesforce common stock were withheld to satisfy tax liabilities, split into 64 and 193 shares. The tax-withholding dispositions used a price of $249.69 per share for these transactions.

What are Sundeep G. Reddy’s holdings in Salesforce (CRM) after these transactions?

Following the reported transactions, Sundeep G. Reddy directly holds 12,846 shares of Salesforce common stock and 4,603 restricted stock units. These figures represent his post-transaction balances in common stock and RSUs.

What are the vesting schedules for Sundeep G. Reddy’s Salesforce (CRM) RSU grants?

One RSU grant vests 25% on March 22, 2023 with 1/16 quarterly thereafter, and another vests 25% on March 22, 2025 with 1/16 quarterly thereafter, both converting into common stock one-for-one.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/23/2025 - 09:56 PM Learn about SEC filing dates

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^*

Reddy Sundeep G.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		M		143	A	$0	12,671	D
Common Stock	09/22/2025		M		432	A	$0	13,103	D
Common Stock	09/22/2025		F		64(1)	D	$249.69	13,039	D
Common Stock	09/22/2025		F		193(1)	D	$249.69	12,846	D

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(2)	09/22/2025		M			143	03/22/2023(3)	03/22/2026	Common Stock	143	$0	287	D
Restricted Stock Units	$0(2)	09/22/2025		M			432	03/22/2025(4)	03/22/2028	Common Stock	432	$0	4,316	D

Explanation of Responses:

1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.

2. Restricted Stock Units convert to shares of common stock on a one-for-one basis.

3. 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.

4. 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Sarah Dale, Attorney-in-Fact for Sundeep G. Reddy	09/23/2025
	** 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.
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