KROES NEELIE 4

What Happened

• Neelie Kroes, a director of Salesforce, had 442 restricted stock units convert to 442 shares of common stock on Feb 22, 2026. The Form 4 records an exercise/conversion of a derivative (code M) acquiring 442 shares at $0.00 and a simultaneous disposition of 442 shares at $0.00.
• The transaction reflects RSU vesting rather than an open-market purchase or a voluntary sale. No cash value or sale proceeds are reported on the Form 4.

Key Details

• Transaction date: 2026-02-22; Form 4 filed: 2026-02-23 (timely).
• Reported transactions: 442 shares acquired (exercise/conversion, code M) at $0.00; 442 shares disposed at $0.00.
• Shares owned after transaction: not reported in the provided filing excerpt.
• Footnotes: F1 — RSUs convert to common stock one-for-one. F2 — These RSUs vest 25% on each of Feb 22, May 22, Aug 22, and Nov 22, 2026.
• The filing does not specify the reason for the disposition (e.g., tax withholding or transfer).

Context

• For RSU vesting, Form 4s commonly show both acquisition and immediate disposition when shares are withheld or transferred to cover taxes or other obligations; this filing shows that pattern but does not explicitly state the cause.
• This is a routine vesting event by a director, not a market purchase signal.