CRM Insider Filing: 1,015 RSUs Converted; 562 Shares Withheld for Taxes

Rhea-AI Filing Summary

Niles Sabastian, President and Chief Legal Officer at Salesforce, Inc. (CRM), reported insider transactions on 09/22/2025. The filing shows the vesting/settlement of 1,015 restricted stock units (RSUs) that converted one-for-one into common stock at no cash price, increasing his direct common stock holdings. To satisfy tax withholding on that settlement, 562 shares were withheld and disposed at a price of $249.69 per share. Following these entries the report lists 3,590 shares and 10,155 derivative-related shares as beneficially owned in direct form as stated in the filing. The form was signed by an attorney-in-fact for Sabastian on 09/23/2025.

Positive

• RSU vesting converted to 1,015 shares, increasing direct common stock holdings
• Disclosure includes explanation that withheld shares satisfied tax liability, improving transparency
• Form signed by authorized attorney-in-fact, indicating proper execution of filing

Negative

• 562 shares were disposed (withheld) at $249.69 to cover taxes, reducing net received shares
• Filing shows no mention of a 10b5-1 plan to indicate pre-arranged trading protection (not present in the form)

Insights

Financial Analyst

TL;DR: Routine executive RSU vesting with share-withholding for taxes; no material change to control or major sale disclosed.

The Form 4 documents a typical equity compensation event: 1,015 RSUs vested and converted to common stock and 562 shares were withheld to cover tax obligations, with the withheld shares reported as disposed at $249.69 each. These actions reflect compensation settlement rather than open-market divestiture and do not indicate a change in corporate control or a sizable reduction in insider ownership. The report shows the officer retains direct beneficial ownership positions consistent with an ongoing equity stake. For investors, this is a routine disclosure of compensation mechanics rather than a strategic transaction.

Corporate Governance Expert

TL;DR: Disclosure aligns with standard Section 16 reporting for RSU vesting and tax-withholding; documentation appears complete.

The filing identifies the reporting person as an officer (President and CLO) and includes necessary details: transaction codes, amounts, price for withheld shares, and vesting schedule notes. The explanation clarifies that withheld shares satisfied tax liability upon vesting. Signatory authority is documented via an attorney-in-fact signature. There are no indications of related-party transfers, Rule 10b5-1 plans, or amendments that would alter the governance interpretation. This is a routine compliance disclosure meeting reporting requirements.

Insider Trade Summary

1,015 shares exercised/converted

Mixed 3 txns

Insider Niles Sabastian

Role President and CLO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,015	$0.00	--
Exercise	Common Stock	1,015	$0.00	--
Tax Withholding	Common Stock	562	$249.69	$140K

Holdings After Transaction: Restricted Stock Units — 10,155 shares (Direct); Common Stock — 4,152 shares (Direct)

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.

Form 4 Insider Transactions: What Each Field Means →

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		M		1,015	A	$0	4,152	D
Common Stock	09/22/2025		F		562(1)	D	$249.69	3,590	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(2)	09/22/2025		M			1,015	03/22/2025(3)	03/22/2028	Common Stock	1,015	$0	10,155	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.

	/s/ Sarah Dale, Attorney-in-Fact for Sabastian Niles	09/23/2025
	** 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 transactions did CRM insider Niles Sabastian report on Form 4?

The filing reports conversion of 1,015 RSUs into common stock and the withholding/disposition of 562 shares at $249.69 to satisfy taxes.

How many shares did Sabastian beneficially own after the reported transactions?

The Form 4 lists 3,590 shares of common stock beneficially owned directly and 10,155 derivative-related shares as reported in the filing.

Why were 562 shares disposed according to the filing?

The filing explains those 562 shares were withheld to satisfy the reporting person's tax liability upon vesting and settlement of the RSU award.

When did the RSUs vest and what is the vesting schedule noted?

The filing states the RSUs vest 25% on March 22, 2025 with the remainder vesting at 1/16 of the original grant quarterly thereafter.

Who signed the Form 4 for Niles Sabastian?

The Form 4 was signed by Sarah Dale, Attorney-in-Fact for Sabastian Niles on 09/23/2025.