Salesforce Executive Reddy Maintains Strong Position After Required Stock Sale

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Salesforce EVP & Chief Accounting Officer Sundeep G. Reddy reported multiple transactions on June 22-23, 2025:

Acquired 574 shares through the vesting of Restricted Stock Units (RSUs): - 143 shares from 2023 RSU grant - 431 shares from 2025 RSU grant
Subsequently sold 261 shares at $262.3478 per share to cover tax withholding obligations
Following these transactions, Reddy directly owns 12,024 shares of Salesforce common stock
Maintains ownership of: - 430 unvested RSUs from 2023 grant (vesting quarterly) - 4,748 unvested RSUs from 2025 grant (vesting quarterly)

These transactions were executed according to plan, with RSU vesting schedules following standard 25% initial vest and quarterly vesting thereafter. The share sales were specifically for tax withholding purposes rather than discretionary sales.

Insider Trade Summary

Net Seller: 261 shares ($68,473)

Net Sell 6 txns

Insider Reddy Sundeep G.

Role EVP & Chief Accounting Officer

Sold 261 shs ($68K)

Type	Security	Shares	Price	Value
Sale	Common Stock	65	$262.3478	$17K
Sale	Common Stock	196	$262.3478	$51K
Exercise	Restricted Stock Units	143	$0.00	--
Exercise	Restricted Stock Units	431	$0.00	--
Exercise	Common Stock	143	$0.00	--
Exercise	Common Stock	431	$0.00	--

Holdings After Transaction: Common Stock — 12,220 shares (Direct); Restricted Stock Units — 430 shares (Direct)

Footnotes (1)

Represents a sale of shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement of shares that were earned by the holder pursuant to a restricted stock unit award that vested based on the holder's continued employment through June 22, 2025. 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, 2023 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, 2025 and vest as to 1/16 of the original grant quarterly thereafter.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/24/2025 - 06:52 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^*

Reddy Sundeep G.

(Last)

(First)

(Middle)

415 MISSION STREET

3RD FLOOR

(Street)

SAN FRANCISCO

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)
	EVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2025

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)
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	06/22/2025		M		143	A	$0	11,854	D
Common Stock	06/22/2025		M		431	A	$0	12,285	D
Common Stock	06/23/2025		S⁽¹⁾		65	D	$262.3478	12,220	D
Common Stock	06/23/2025		S⁽¹⁾		196	D	$262.3478	12,024	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⁾	06/22/2025		M			143	03/22/2023⁽³⁾	03/22/2026	Common Stock	143	$0	430	D
Restricted Stock Units	$0⁽²⁾	06/22/2025		M			431	03/22/2025⁽⁴⁾	03/22/2028	Common Stock	431	$0	4,748	D

Explanation of Responses:

1. Represents a sale of shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement of shares that were earned by the holder pursuant to a restricted stock unit award that vested based on the holder's continued employment through June 22, 2025.

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, 2023 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, 2025 and vest as to 1/16 of the original grant quarterly thereafter.

	/s/ Ryan Guerrero, Attorney-in-Fact for Sundeep G. Reddy	06/24/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider trading activity occurred at CRM on June 22-23, 2025?

EVP & Chief Accounting Officer Sundeep G. Reddy exercised 574 Restricted Stock Units (143 + 431 shares) on June 22, 2025, and subsequently sold 261 shares (65 + 196 shares) on June 23, 2025 at $262.3478 per share to cover tax obligations.

How many shares of CRM does Sundeep Reddy own after the June 2025 transactions?

After the reported transactions, Sundeep Reddy directly owns 12,024 shares of Salesforce (CRM) common stock.

What is the vesting schedule for CRM's Restricted Stock Units granted to Sundeep Reddy?

The RSUs have two different vesting schedules: 1) Units granted March 2023 vest 25% initially and 1/16 quarterly thereafter, expiring March 22, 2026, and 2) Units granted March 2025 vest 25% initially and 1/16 quarterly thereafter, expiring March 22, 2028.

How many unvested Restricted Stock Units (RSUs) does Sundeep Reddy still hold in CRM?

Following the transactions, Reddy still holds 430 RSUs from the March 2023 grant and 4,748 RSUs from the March 2025 grant, totaling 5,178 unvested Restricted Stock Units.

What was the purpose of CRM insider Sundeep Reddy's stock sale in June 2025?

The sale was specifically to satisfy tax withholding obligations related to the settlement of restricted stock units that vested on June 22, 2025, as stated in the filing's explanatory notes.