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[Form 4] Salesforce, Inc. Insider Trading Activity

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

Rhea-AI Filing Summary

Salesforce, Inc. (CRM) director Maynard Webb reported an equity transaction on a Form 4. On 11/22/2025, 274 restricted stock units (RSUs) converted into an equal number of Salesforce common shares at an exercise price of $0, reflecting previously granted equity that vested rather than an open‑market purchase or sale.

The RSUs were part of a grant that vests 25% on each of February 22, 2025, May 22, 2025, August 22, 2025, and November 22, 2025. After this conversion, Webb beneficially owns 2,790 Salesforce shares directly and 187 shares indirectly through the Webb Family Trust, showing his ongoing equity stake as a board member.

Positive

  • None.

Negative

  • None.
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*
WEBB MAYNARD G JR

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/22/2025
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 11/22/2025 M 274 A $0 2,790 D
Common Stock 187 I Webb Family Trust
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
Restricted Stock Units $0(1) 11/22/2025 M 274 02/22/2025(2) 11/22/2025 Common Stock 274 $0 0 D
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, 2025, May 22, 2025, August 22, 2025, and November 22, 2025.
/s/ Sarah Dale, Attorney-in-Fact for Maynard Webb 11/24/2025
** 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 insider transaction did Salesforce (CRM) director Maynard Webb report?

Maynard Webb reported that 274 restricted stock units converted into 274 shares of Salesforce common stock on 11/22/2025 at an exercise price of $0, coded as transaction type M (conversion of derivative security).

How many Salesforce (CRM) shares does Maynard Webb own after this Form 4 transaction?

Following the reported transaction, Maynard Webb beneficially owns 2,790 shares of Salesforce common stock directly and 187 shares indirectly through the Webb Family Trust.

What are the vesting terms of Maynard Webb’s Salesforce RSUs reported on this Form 4?

The reported restricted stock units vest as to 25% of the original grant on each of February 22, 2025, May 22, 2025, August 22, 2025, and November 22, 2025, with each vested unit converting into one share of common stock.

What does the transaction code "M" mean in the Salesforce (CRM) Form 4 filing?

The transaction code "M" indicates the conversion of a derivative security. In this case, it reflects the conversion of 274 restricted stock units into 274 shares of Salesforce common stock.

Is Maynard Webb a director or officer of Salesforce (CRM) according to this Form 4?

The filing identifies Maynard Webb as a Director of Salesforce, Inc. The director box is checked, while the officer and 10% owner boxes are not.

How are the Salesforce (CRM) restricted stock units described in the filing?

The filing states that restricted stock units convert to shares of common stock on a one-for-one basis, meaning each RSU delivers one share when it vests and is settled.

Who signed the Salesforce (CRM) Form 4 for Maynard Webb?

The Form 4 was signed by Sarah Dale as Attorney-in-Fact for Maynard Webb on 11/24/2025, indicating she is authorized to sign on his behalf.

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United States
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