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Salesforce, Inc. (NYSE: CRM) filed a Form 8-K on 9 July 2025 to disclose board changes. The filing states that Amy Chang and David Kirk have each been appointed to the company’s Board of Directors, effective the same day. Both directors will receive the standard cash retainers and equity awards outlined in Salesforce’s non-employee director compensation program, as last detailed in the company’s proxy statement dated 24 April 2025.
The company confirms: (i) no pre-existing arrangements or family relationships influenced the appointments, and (ii) neither Chang nor Kirk has a reportable related-party transaction under Item 404(a) of Regulation S-K. Salesforce will execute its customary indemnification agreements with each new director.
A press release announcing the appointments is furnished as Exhibit 99.1; the information in that release is deemed furnished—not filed—under Regulation FD. No other financial data, business updates, or strategic transactions are included in this report.
Salesforce, Inc. (CRM) – Form 4 filed 07/01/2025
Chair & CEO Marc Benioff reported several routine insider transactions:
- 06/30/2025: A gift/transfer of 505,000 shares from Marc Benioff Fund LLC to a beneficiary trust at $0.
- 07/01/2025: Exercised 2,250 stock options at $161.50 (cost basis) and immediately sold the same number of shares in three tranches—529, 1,124 and 597 shares—at volume-weighted prices ranging from $271.55–$273.34. All trades were executed automatically under a pre-arranged Rule 10b5-1 plan adopted 01/09/2025.
Following the transactions Benioff directly owns 11,864,178 shares, indirectly controls 10,000,000 shares through the Fund and 107,000 shares via a separate trust, plus 193,622 unexercised options. The option exercise–sale pair is cash-neutral and the combined share dispositions represent well under 0.2 % of his total equity position. Consequently, the filing is viewed as administrative (estate planning & liquidity management) with negligible impact on CRM’s float or governance control.