ALBER LAURA 4

What Happened
Laura Alber, a director of Salesforce, had 442 restricted stock units (RSUs) convert into 442 shares of common stock on February 22, 2026 (reported as a derivative exercise/conversion). The filing also shows a same-day disposition of those 442 shares. Both the acquisition and disposition are reported at $0.00 per share (total $0 reported in the Form 4 excerpt).

Key Details

• Transaction date: 2026-02-22; Form 4 filed 2026-02-23 (timely filing).
• Acquisition: 442 shares via exercise/conversion (code M) at $0.00.
• Disposition: 442 shares (derivative) at $0.00.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 — RSUs convert to common stock on a one-for-one basis. F2 — These RSUs vest 25% on each of Feb 22, May 22, Aug 22, and Nov 22, 2026.
• Filing timeliness: reported the next day, so not noted as late.

Context
Code M indicates an exercise/conversion of a derivative — in this case RSUs converting into shares. The simultaneous acquisition and disposition of the same number of shares is commonly reported when vested awards are converted and shares are withheld or transferred (for example, to cover tax withholding or as a sell-to-cover), but the filing does not state the reason or any cash proceeds. As a director-level transaction (not a 10% owner), this appears to be a routine vesting/conversion event rather than an open-market purchase or sale indicating a change in investment stance.