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Salesforce (NYSE: CRM) chief engineering officer logs RSU vesting and tax share withholding

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

Rhea-AI Filing Summary

Salesforce, Inc. executive Srinivas Tallapragada reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On June 22, 2026, RSUs covering 1,831 shares and 1,523 shares of common stock vested and were converted into common shares, reflecting derivative exercises reported at a $0.00 conversion price.

To cover tax liabilities from these vestings, a total of 1,664 common shares were withheld by Salesforce at an implied price of about $150.12 per share, categorized as tax-withholding dispositions rather than open-market sales. After these transactions, Tallapragada directly held 69,244 shares of Salesforce common stock, while remaining RSU balances continued to vest over time according to the disclosed schedules.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting with tax withholding; no open‑market trading signal.

Chief Eng/Cust Success Officer Srinivas Tallapragada had RSUs convert into common stock and a portion of the resulting shares withheld to pay taxes. Code F transactions here are tax payments in shares, not open-market sales, and carry limited information about sentiment.

The filing shows 3,354 shares from RSU vesting and 1,664 shares withheld at $150.12, leaving 69,244 common shares held directly. With no remaining derivative positions listed and no 10b5-1 trading plan noted, this appears to be standard compensation and withholding, a neutral development for investors.

Insider Tallapragada Srinivas
Role Chief Eng/Cust Success Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 1,523 $0.00 --
Exercise Restricted Stock Units 1,831 $0.00 --
Exercise Common Stock 1,523 $0.00 --
Tax Withholding Common Stock 756 $150.12 $113K
Exercise Common Stock 1,831 $0.00 --
Tax Withholding Common Stock 908 $150.12 $136K
Holdings After Transaction: Restricted Stock Units — 10,662 shares (Direct, null); Common Stock — 70,000 shares (Direct, null)
Footnotes (1)
  1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award. 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 March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter. These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.
RSU shares vested 3,354 shares Common stock from RSU conversion on June 22, 2026
Shares withheld for taxes 1,664 shares Tax-withholding dispositions at $150.12 per share
Implied share price $150.12 per share Value used for tax-withholding dispositions
Shares held after transactions 69,244 shares Direct Salesforce common stock ownership post-transaction
RSU exercise shares 3,354 shares Derivative exercises (code M) converting RSUs
Tax-withholding transactions 2 transactions Code F dispositions to satisfy tax liabilities
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 liability financial
"shares withheld to satisfy the reporting person's tax liability upon vesting"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
vest financial
"These restricted stock units vest as to 25% of the original grant on March 22, 2025"
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.
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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*
Tallapragada Srinivas

(Last)(First)(Middle)
415 MISSION STREET
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Eng/Cust Success Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026
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 Stock06/22/2026M1,523A$070,000D
Common Stock06/22/2026F(1)756D$150.1269,244D
Common Stock06/22/2026M1,831A$071,075D
Common Stock06/22/2026F(1)908D$150.1270,167D
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(2)06/22/2026M1,52303/22/2025(3)03/22/2028Common Stock1,523$010,662D
Restricted Stock Units$0(2)06/22/2026M1,83103/22/2026(4)03/22/2029Common Stock1,831$020,141D
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, 2025 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, 2026 and vest as to 1/16 of the original grant quarterly thereafter.
/s/ Sarah Dale, Attorney-in-Fact for Srinivas Tallapragada06/23/2026
** 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)

FAQ

What did Salesforce (CRM) executive Srinivas Tallapragada report in this Form 4?

He reported routine equity compensation activity. Restricted Stock Units vested and converted into common stock, and some of the resulting shares were withheld by Salesforce to cover tax liabilities, rather than being sold on the open market.

Did Srinivas Tallapragada sell Salesforce (CRM) shares in the open market?

No, the dispositions were tax-withholding events. Shares were withheld by Salesforce to satisfy his tax obligations on RSU vesting, categorized under code F, which does not represent discretionary open-market selling of stock.

How many Salesforce (CRM) shares were involved in the RSU vesting for Tallapragada?

RSUs covering 1,831 and 1,523 shares of Salesforce common stock vested and converted, totaling 3,354 shares. These conversions are reported as derivative exercises at a zero conversion price, reflecting standard restricted stock unit settlement.

How many Salesforce (CRM) shares were withheld for taxes from Tallapragada’s awards?

A total of 1,664 common shares were withheld to cover tax liabilities, in two tranches of 908 and 756 shares at an implied price of about $150.12 per share, as indicated by the transaction details in the filing.

What is Srinivas Tallapragada’s reported Salesforce (CRM) shareholding after these transactions?

After the RSU vesting and related tax withholding, he directly held 69,244 shares of Salesforce common stock. This figure reflects his post-transaction ownership reported in the final non-derivative line of the Form 4 table.

How do Tallapragada’s Salesforce (CRM) RSUs convert into common stock?

The RSUs convert to common stock on a one-for-one basis. The filing notes that specific grants vest 25% on March 22, 2025 or 2026, with the remaining RSUs vesting in equal quarterly installments over the subsequent periods.