Reddy Sundeep G. 4

What Happened

• Sundeep G. Reddy, EVP & Chief Accounting Officer of Salesforce, had 487 restricted stock units (RSUs) convert into 487 shares on January 22, 2026. To satisfy tax withholding on the vesting event, 243 of those shares were surrendered at an implied value of $228.09 per share, totaling $55,426. The net result is 244 shares delivered to Reddy (487 vested − 243 withheld).
• This was a routine vesting and tax-withholding event rather than an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-01-22; filing date: 2026-01-23 (timely filed).
• Reported entries: M (exercise/conversion of derivative) — 487 shares converted to common stock at $0.00; F (tax withholding) — 243 shares withheld/disposed at $228.09, $55,426 total.
• Net shares added to insider’s holdings from this vesting: 244 shares (487 − 243).
• Shares owned after transaction: not provided in the supplied excerpt of the filing.
• Relevant footnotes: F1 — shares withheld to satisfy tax liability on vesting; F2 — RSUs convert one-for-one to common stock; F3 — vesting schedule (25% on April 22, 2024, then quarterly 1/16 thereafter).
• Transaction codes: M = conversion/exercise of derivative (RSU settlement); F = tax withholding (share surrender).

Context

• These entries reflect RSU vesting and standard tax-withholding (a common, routine insider event), not an express buy or voluntary sale in the open market. Such withholding should not be interpreted as a directional endorsement or rejection of the stock; purchases are generally more informative about insider sentiment.