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Salesforce (NYSE: CRM) director adds shares through 442 RSU conversion

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Salesforce, Inc. director Oscar Munoz increased his equity stake through a routine equity award transaction. On May 22, 2026, he exercised 442 restricted stock units (RSUs), receiving 442 shares of common stock at a stated price of $0 per share.

Following the transaction, Munoz directly holds 13,549 shares of Salesforce common stock and 882 RSUs. The RSUs from this grant vest in four equal 25% installments on February 22, May 22, August 22, and November 22, 2026, converting one-for-one into common shares as they vest.

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Insider MUNOZ OSCAR
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 442 $0.00 $0.00
Exercise Common Stock 442 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 882 shares (Direct); Common Stock — 13,549 shares (Direct)
Footnotes (2)
  1. F1. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
  2. F2. 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 units Converted into 442 shares of common stock on May 22, 2026
Shares held after transaction 13,549 shares Direct Salesforce common stock holdings after May 22, 2026
RSUs remaining 882 units Restricted stock units held after the reported transaction
Vesting schedule 4 installments of 25% RSUs vest on Feb 22, May 22, Aug 22, Nov 22, 2026
Restricted Stock Units financial
"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."
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_description: 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.
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
one-for-one basis financial
"Restricted Stock Units convert to shares of common stock on a one-for-one basis."

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

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FAQ

What did Salesforce (CRM) director Oscar Munoz report in this Form 4 filing?

Oscar Munoz reported exercising 442 restricted stock units into Salesforce common stock. This compensation-related event increased his direct share ownership without any open-market buying or selling, reflecting routine vesting of previously granted equity awards rather than a discretionary stock purchase or sale.

How many Salesforce shares does Oscar Munoz hold after the May 22, 2026 transaction?

After the May 22, 2026 transaction, Oscar Munoz directly holds 13,549 Salesforce common shares. This total reflects the addition of 442 shares received from exercising restricted stock units, as disclosed in the Form 4’s non-derivative holdings table for his direct ownership position.

How many restricted stock units does Oscar Munoz still hold in Salesforce (CRM)?

Oscar Munoz holds 882 Salesforce restricted stock units after the reported transaction. These RSUs represent a remaining equity incentive position that will convert into common stock as they vest, according to the vesting schedule disclosed in the Form 4 footnotes for this grant.

What is the vesting schedule for Oscar Munoz’s Salesforce restricted stock units?

The restricted stock units vest in four equal 25% installments during 2026. Vesting dates are February 22, May 22, August 22, and November 22, 2026, with each vested portion converting into Salesforce common stock on a one-for-one basis as described in the Form 4 footnotes.

Did Oscar Munoz buy or sell Salesforce (CRM) shares on the open market?

The filing does not show any open-market purchases or sales by Oscar Munoz. Instead, it reports an option-style RSU exercise coded “M,” where 442 restricted stock units converted into an equal number of Salesforce common shares as part of his compensation package.

What does transaction code “M” mean in Oscar Munoz’s Salesforce Form 4?

Transaction code “M” indicates the exercise or conversion of a derivative security into common stock. In this case, 442 restricted stock units converted into 442 Salesforce common shares, reflecting equity award vesting rather than a cash purchase or sale in the public market.
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*
MUNOZ OSCAR

(Last)(First)(Middle)
BOX 66100 HDQLD

(Street)
CHICAGO ILLINOIS 60606

(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$013,549D
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 Oscar Munoz05/26/2026
** 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)