Salesforce (NYSE: CRM) CLO vests RSUs and covers tax using shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Salesforce, Inc. President and CLO Niles Sabastian reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 22, 2026, he exercised RSU awards that converted into a total of 2,033 shares of common stock. To cover tax liabilities upon vesting and settlement, 1,125 shares were withheld at a price of $150.12 per share, according to the filing footnotes. The Form 4 shows these as derivative exercises and tax-withholding dispositions rather than open-market purchases or sales.

Insider Trade Summary

2,033 shares exercised/converted

Mixed 6 txns

Insider Niles Sabastian

Role President and CLO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,016	$0.00	--
Exercise	Restricted Stock Units	1,017	$0.00	--
Exercise	Common Stock	1,016	$0.00	--
Tax Withholding	Common Stock	562	$150.12	$84K
Exercise	Common Stock	1,017	$0.00	--
Tax Withholding	Common Stock	563	$150.12	$85K

Holdings After Transaction: Restricted Stock Units — 7,108 shares (Direct, null); Common Stock — 26,403 shares (Direct, null)

Footnotes (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.

Key Figures

RSU exercises: 2,033 shares Tax-withheld shares: 1,125 shares Tax withholding price: $150.12 per share +4 more

7 metrics

RSU exercises 2,033 shares Total underlying common shares from RSU exercises on June 22, 2026

Tax-withheld shares 1,125 shares Shares withheld to satisfy tax liabilities on June 22, 2026

Tax withholding price $150.12 per share Price used for tax-withholding dispositions of common stock

Individual RSU exercise 1 1,017 shares Common stock from one RSU conversion on June 22, 2026

Individual RSU exercise 2 1,016 shares Common stock from another RSU conversion on June 22, 2026

Tax-withholding lot 1 563 shares First common stock tax-withholding disposition at $150.12

Tax-withholding lot 2 562 shares Second common stock tax-withholding disposition at $150.12

Key Terms

Restricted Stock Units, tax liability, vest, Exercise or conversion of derivative security, +1 more

5 terms

Restricted Stock Units financial

"The filing reports transactions in "Restricted Stock Units" that convert to common stock."

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 were withheld to satisfy the reporting person's tax liability upon vesting."

vest financial

"These restricted stock units vest as to 25% of the original grant on March 22."

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.

Exercise or conversion of derivative security financial

"Transaction code M is described as "Exercise or conversion of derivative security"."

Payment of exercise price or tax liability by delivering securities financial

"Transaction code F is described as "Payment of exercise price or tax liability by delivering securities"."

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Form 4 Insider Transactions: What Each Field Means →

06/23/2026 - 06:37 PM

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^*

Niles Sabastian

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CLO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/22/2026		M		1,016	A	$0	26,403	D
Common Stock	06/22/2026		F⁽¹⁾		562	D	$150.12	25,841	D
Common Stock	06/22/2026		M		1,017	A	$0	26,858	D
Common Stock	06/22/2026		F⁽¹⁾		563	D	$150.12	26,295	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽²⁾	06/22/2026		M			1,016	03/22/2025⁽³⁾	03/22/2028	Common Stock	1,016	$0	7,108	D
Restricted Stock Units	$0⁽²⁾	06/22/2026		M			1,017	03/22/2026⁽⁴⁾	03/22/2029	Common Stock	1,017	$0	11,190	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, 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 Sabastian Niles	06/23/2026
	** 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.
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) executive Niles Sabastian report on this Form 4?

Niles Sabastian reported RSU vesting and related tax withholding, not open-market trades. Restricted stock units converted into common shares, and a portion of those shares was withheld by Salesforce to satisfy his tax obligations at the time of vesting and settlement.

How many Salesforce (CRM) shares were involved in Niles Sabastian’s RSU exercises?

The filing shows RSU exercises covering 2,033 underlying shares of Salesforce common stock. These shares came from restricted stock unit awards that converted to common stock on a one-for-one basis, as described in the footnotes explaining the RSU conversion mechanics.

How many Salesforce (CRM) shares were withheld to cover Niles Sabastian’s taxes?

A total of 1,125 Salesforce common shares were withheld to satisfy Niles Sabastian’s tax liabilities. The filing records two tax-withholding dispositions at a price of $150.12 per share, explicitly described as payment of tax liability by delivering securities back to the issuer.

Were Niles Sabastian’s Salesforce (CRM) transactions open-market buys or sells?

The transactions were not open-market buys or sells. They are classified as RSU exercises and tax-withholding dispositions. Shares were issued upon vesting and a portion was withheld by Salesforce to pay taxes, which does not represent discretionary trading in the open market.

What do the footnotes say about Salesforce (CRM) restricted stock units in this Form 4?

The footnotes state that the restricted stock units convert to Salesforce common stock on a one-for-one basis and outline vesting schedules. They also clarify that certain reported shares were withheld specifically to satisfy Niles Sabastian’s tax liabilities upon RSU vesting and settlement.

How do Niles Sabastian’s Salesforce (CRM) RSUs vest over time?

The RSU awards vest 25% on March 22 of the specified year, with the remaining 75% vesting in 1/16 increments quarterly thereafter. The filing describes separate grants with vesting starting on March 22, 2025, and March 22, 2026, providing a structured, time-based vesting schedule.