Harris Parker 4

What Happened

• Harris Parker, a Salesforce director and co‑founder/CTO of Slack, had multiple equity events on March 22, 2026: he converted/exercised derivative awards and received restricted stock unit (RSU) / performance award shares. In total the filing shows approximately 114,887 shares acquired through exercises/conversions and awards at $0.00 (RSUs/awarded shares convert one‑for‑one). To cover tax liabilities, 3,195 shares were withheld (disposed) at $195.38 per share, generating about $624,239 in proceeds. These were withholding transactions (code F), not open‑market sales.

Key Details

• Transaction date: March 22, 2026; Form 4 filed March 24, 2026 (timely).
• Major entries: exercised/converted derivatives of 1,003; 1,270; and 5,086 shares (M); awards/grants of 27,790, 40,522 and 39,216 shares (A); total reported acquired ≈114,887 shares.
• Tax withholding: 347, 440 and 2,408 shares withheld at $195.38 each (F) — total cash value ≈ $624,239.
• Shares owned after transaction: not specified in the supplied filing details.
• Relevant footnotes: F1 = shares withheld to satisfy tax liability; F2/F9 = performance awards/options earned for multi‑year performance periods with specific vesting schedules (some shares vest later or in installments); F5 = RSUs convert 1:1 to common stock; F3/F4 indicate some holdings are in trusts/LLCs.
• Transaction codes: M = exercise/conversion of derivative, A = grant/award, F = withholding to pay taxes.

Context

• These transactions appear to be routine vesting/conversion and tax‑withholding events tied to RSUs and performance awards (including performance‑based RSUs/options certified as earned). The withheld shares are standard practice to cover taxes and are not the same as a discretionary open‑market sale that might indicate active selling of stock to realize gains.
• For derivatives: options/performance awards were exercised/converted into shares; some earned performance awards are scheduled to vest over time per the noted vesting schedules (see footnotes).