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Salesforce (NYSE: CRM) director converts 442 RSUs, holds 14,131 shares

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

Rhea-AI Filing Summary

Salesforce director Kirk David Blair exercised restricted stock units into common shares as part of equity compensation. On May 22, 2026, 442 Restricted Stock Units converted into 442 shares of Salesforce common stock at a stated price of $0.0000 per share.

After this transaction, Blair directly holds 14,131 shares of common stock and 882 Restricted Stock Units. The RSUs vest in four equal 25% installments on February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026. No open-market purchases or sales were reported in this filing.

Positive

  • None.

Negative

  • None.
Insider Kirk David Blair
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 442 $0.00 --
Exercise Common Stock 442 $0.00 --
Holdings After Transaction: Restricted Stock Units — 882 shares (Direct, null); Common Stock — 14,131 shares (Direct, null)
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, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.
RSUs exercised 442 shares Restricted Stock Units converted to common stock on May 22, 2026
Common shares held after 14,131 shares Direct Salesforce common stock holdings after May 22, 2026 transaction
RSUs remaining 882 units Restricted Stock Units directly held after the transaction
RSU exercise price $0.0000 per share Stated conversion price for RSUs to common stock
First vesting date February 22, 2026 25% of original RSU grant vests on this date
Final vesting date November 22, 2026 Last 25% installment of RSU grant vests on this date
Restricted Stock Units financial
"These restricted stock units vest as to 25% of the original grant..."
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.
derivative security financial
"Transaction code "M" indicates exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise or conversion financial
"Transaction action classified as derivative exercise/conversion on May 22, 2026."
vesting financial
"These restricted stock units vest as to 25% on specified 2026 dates."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kirk David Blair
(Last)(First)(Middle)
415 MISSION ST, 3RD FLOOR
(Street)
SAN FRANCISCO CALIFORNIA 94105
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Salesforce, Inc. [ CRM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/22/2026M442A$014,131D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)05/22/2026M44202/22/2026(2)11/22/2026Common Stock442$0882D
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, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.
/s/ Sarah Dale, Attorney-in-Fact for David B. Kirk05/26/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Salesforce (CRM) director Kirk David Blair report in this Form 4?

Kirk David Blair reported exercising 442 Restricted Stock Units into 442 Salesforce common shares. The transaction reflects equity compensation, not an open-market trade, and leaves him with 14,131 common shares and 882 RSUs directly held after the transaction.

How many Salesforce shares does Kirk David Blair hold after the May 22, 2026 transaction?

After the May 22, 2026 transaction, Kirk David Blair directly holds 14,131 Salesforce common shares. He also holds 882 Restricted Stock Units, which represent additional potential shares that will be delivered as they vest according to the disclosed schedule.

Were any Salesforce (CRM) shares bought or sold on the open market in this Form 4?

No open-market purchases or sales were reported. The Form 4 only shows an "M" code exercise, where 442 Restricted Stock Units converted into 442 common shares as equity compensation, with no separate buy or sell transaction listed in the filing.

What are the vesting terms of Kirk David Blair’s Salesforce Restricted Stock Units?

The Restricted Stock Units vest in four equal installments of 25% of the original grant. Vesting dates are February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026, after which vested units convert into Salesforce common shares.

How many Salesforce Restricted Stock Units remain after this Form 4 transaction?

Following the May 22, 2026 transaction, 882 Restricted Stock Units remain directly held by Kirk David Blair. These RSUs will continue to vest over the scheduled dates in 2026, each vesting tranche converting into an equal number of Salesforce common shares.

What does the transaction code "M" mean in this Salesforce Form 4?

The "M" transaction code indicates an exercise or conversion of a derivative security. In this case, it shows 442 Restricted Stock Units converting on a one-for-one basis into 442 Salesforce common shares as part of Blair’s equity compensation arrangement.