Harris Parker 4

What Happened Harris Parker, a Salesforce director (Co‑Founder and CTO, Slack), had 1,785 restricted stock units (RSUs) convert into common stock on January 22, 2026. The RSUs converted one‑for‑one into 1,785 shares valued at $228.09 each (total ≈ $407,141). To satisfy tax withholding, 659 of those shares were withheld (disposed) at $228.09 per share for proceeds of $150,311, leaving approximately 1,126 net shares issued to Parker. This was not an open‑market sale of shares for cash proceeds other than the routine tax withholding.

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-23 (timely).
• Reported actions: M = conversion/exercise of derivative (1,785 shares acquired, derivative disposed), F = shares withheld for tax (659 shares disposed).
• Prices: conversion recorded at $0.00 (RSUs convert one‑for‑one); market value used for withholding was $228.09/share. Withheld shares value ≈ $150,311; total vested value ≈ $407,141; net shares delivered ≈ 1,126 (≈ $256,830).
• Post‑transaction ownership: not specified in the provided filing extract.
• Footnotes: withholding to satisfy tax liability (F1); RSUs convert 1:1 to common stock (F4); vesting schedule noted (25% on 4/22/24 then quarterly 1/16, F5); some holdings reported through trust/LLC (F2, F3).

Context This was a routine RSU vesting and cashless settlement via share withholding for taxes, not a market sale indicating directional trading. For clarity: the derivative (RSU) was converted into shares (M), and a portion was withheld and surrendered to cover taxes (F), which is common for equity compensation.