Milano Miguel 4

What Happened

• Miguel Milano, President and Chief Revenue Officer of Salesforce (CRM), had restricted stock units (RSUs) vest/convert on Feb 22, 2026. A total of 1,663 RSUs converted to common shares (recorded as an exercise/conversion of a derivative).
• Of those shares, 443 were withheld to satisfy tax withholding obligations at $185.16 per share, equal to about $82,026. Net shares delivered to Milano were 1,220 (1,663 vested minus 443 withheld).
• This was a vesting/settlement event (award conversion and tax withholding), not an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-02-22; Filing date: 2026-02-23 (timely).
• Items reported: 1,663 RSUs converted to common stock (code M); 443 shares withheld for taxes (code F) at $185.16 → ~$82,026 withheld.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = shares withheld to satisfy tax liability; F2 = RSUs convert one-for-one to common stock; F3 = original RSU vesting schedule (25% on Aug 22, 2024, then 1/16 quarterly thereafter).
• Not a 10b5-1 trade; not a gift—routine tax withholding on vesting.

Context

• This is a routine RSU vesting and tax-withholding event. The conversion (recorded as a derivative exercise/conversion) reflects settlement of an award rather than a market purchase or a voluntary sale.
• For retail investors, award vestings are common compensation events and do not necessarily signal insider buying or selling intentions.