[Form 4] Salesforce, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On July 30–31, 2025, D-Wave Quantum Inc. (NYSE: QBTS) filed an Item 5.02 Form 8-K announcing the promotion of its General Counsel, Diane Nguyen, to Executive Vice President, Chief Legal Officer & General Counsel, effective July 31, 2025.

• Annual base salary raised to $381,000.
• Continues participation in the D-Wave Annual Incentive Plan with an on-target bonus of up to 70 % of base salary, pro-rated for 2025.
• Awarded 16,098 restricted stock units (RSUs) under the 2022 Equity Incentive Plan; 25 % vest on the first anniversary, the balance vests quarterly thereafter, subject to service.

No other changes to her employment agreement were disclosed. The compensation amendment is filed as Exhibit 10.1; no financial statements, earnings data, or major transactions accompanied the report.

Positive

• Leadership continuity: Promotion of an experienced internal counsel may strengthen legal oversight and strategic alignment.
• Retention incentives: Multi-year RSU grant aligns executive interests with shareholder value while limiting near-term cash outflow.

Negative

• Incremental cost: Higher salary and bonus opportunity modestly increase SG&A expenses.
• Share dilution: Issuance of 16,098 RSUs, though small, adds to outstanding equity.

Insights

Corporate Governance Analyst

TL;DR: Internal promotion enhances continuity; compensation terms are routine, with minimal balance-sheet impact.

The elevation of Ms. Nguyen consolidates legal and compliance leadership while signaling board confidence in existing talent. Salary and bonus levels are in line with comparable EVP roles at similarly sized tech firms; the $381k base and up-to-70 % incentive potential represent a manageable expense relative to FY-24 operating costs (<0.5 %). The 16,098 RSU grant introduces limited dilution (≈0.02 % of basic shares) and vests over four years, aiding retention. Overall governance impact is positive, but the filing lacks operational or financial catalysts, making it unlikely to move the stock.

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).

X

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^*

Benioff Marc

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		M(1)		2,250	A	$161.5	11,913,821	D(2)
Common Stock	08/01/2025		S(1)		971	D	$250.7182(3)	11,912,850	D(2)
Common Stock	08/01/2025		S(1)		490	D	$251.9312(4)	11,912,360	D(2)
Common Stock	08/01/2025		S(1)		484	D	$252.8924(5)	11,911,876	D(2)
Common Stock	08/01/2025		S(1)		123	D	$253.7239(6)	11,911,753	D(2)
Common Stock	08/01/2025		S(1)		182	D	$254.6931(7)	11,911,571	D(2)
Common Stock								107,000	I	By Trust
Common Stock								10,000,000	I(8)	By Marc Benioff Fund LLC

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
Non-qualified Stock Option (Right to Buy)	$161.5	08/01/2025		M(1)			2,250	03/22/2020(9)	03/22/2026	Common Stock	2,250	$0	144,122	D

Explanation of Responses:

1. As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 9, 2025.

2. Shares held in the reporting person's name or in the Marc R. Benioff Revocable Trust.

3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $250.3500 to $251.3269 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $251.3919 to $252.3900 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

5. Weighted average price. These shares were sold in multiple transactions at prices ranging from $252.4000 to $253.3837 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

6. Weighted average price. These shares were sold in multiple transactions at prices ranging from $253.4857 to $254.1315 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

7. Weighted average price. These shares were sold in multiple transactions at prices ranging from $254.5800 to $254.9900 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

8. Shares held in the Marc Benioff Fund LLC (the "Fund"). Fund interests are held in the reporting person's name or in trust.

9. Option vests over four years at the rate of 25% on March 22, 2020, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.

	/s/ Andrew Leeds, Attorney-in-Fact for Marc Benioff	08/04/2025
	** 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.
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.

FAQ

What executive change did D-Wave Quantum (QBTS) announce?

Diane Nguyen was promoted to EVP, Chief Legal Officer & General Counsel effective July 31, 2025.

How much will the new Chief Legal Officer at QBTS earn?

Her annual base salary increases to $381,000, plus an on-target bonus of up to 70 % of base pay.

What equity award was granted to Diane Nguyen at D-Wave Quantum?

She received 16,098 RSUs that vest 25 % after one year and quarterly thereafter.

Does the 8-K include any earnings or guidance for D-Wave Quantum?

No. The filing is limited to an executive compensation update; no financial results or guidance were provided.

Will the RSU grant significantly dilute QBTS shareholders?

Dilution is minimal—about 0.02 % of outstanding common shares, based on recent share count.