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Salesforce, Inc.·4

Mar 24, 9:45 PM ET

Tallapragada Srinivas 4

4 · Salesforce, Inc. · Filed Mar 24, 2026

Research Summary

AI-generated summary of this filing

Updated

Salesforce (CRM) Exec Srinivas Tallapragada Exercises Options, Receives RSU Awards

What Happened

  • Srinivas Tallapragada, Salesforce's Chief Engineering & Customer Success Officer, converted/settled derivative awards and received multiple restricted stock unit (RSU) / performance awards on March 22, 2026. He converted 9,849 derivative shares (1,003 + 1,523 + 7,323) and was credited with award grants totaling 133,201 shares (27,790 + 58,352 + 47,059). To cover tax withholding on vested shares, 4,429 shares were surrendered/withheld at $195.38 per share for aggregate proceeds of $865,338. The transactions were reported on a Form 4 filed March 24, 2026 (timely).

Key Details

  • Transaction date: March 22, 2026; Form 4 filed March 24, 2026 (timely).
  • Conversions/exercises (code M): 9,849 shares converted/settled at $0.00 per share (RSU/derivative conversions).
  • Awards/grants (code A): 133,201 RSU/performance award shares granted at $0.00 per share.
  • Tax withholding/sales (code F): 4,429 shares withheld/disposed at $195.38 for total proceeds of $865,338.
  • Shares owned after the transactions: not specified in the provided excerpt (see full Form 4 for post-transaction holdings).
  • Footnotes of note:
    • F1: Shares were withheld to satisfy tax liability upon vesting.
    • F2/F7: Some awards are performance-based (PRSUs/options) tied to fiscal performance periods that ended Jan 31, 2026; certain earned PRSUs are scheduled to vest (e.g., April 22, 2026) subject to continued employment.
    • F3–F8: Various RSU vesting schedules and 1:1 RSU-to-share conversion rules apply; some awards vest over multiple years.

Context

  • These filings reflect award vesting/settlement and routine tax-withholding (not an open-market purchase or sale signaling market sentiment). The zero exercise price indicates RSU/award conversions rather than purchasing shares with cash. The withholding of 4,429 shares to cover taxes is a common, administrative step following vesting.

Insider Transaction Report

Form 4
Period: 2026-03-22
Salesforce, Inc.CRM
Tallapragada Srinivas
Chief Eng/Cust Success Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-22+1,003→ 49,152 total
  • Tax Payment

    Common Stock

    [F1]
    2026-03-22$195.38/sh−347$67,797→ 48,805 total
  • Exercise/Conversion

    Common Stock

    2026-03-22+1,523→ 50,328 total
  • Tax Payment

    Common Stock

    [F1]
    2026-03-22$195.38/sh−527$102,965→ 49,801 total
  • Exercise/Conversion

    Common Stock

    2026-03-22+7,323→ 57,124 total
  • Tax Payment

    Common Stock

    [F1]
    2026-03-22$195.38/sh−3,555$694,576→ 53,569 total
  • Award

    Common Stock

    [F2]
    2026-03-22+27,790→ 81,359 total
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F4]
    2026-03-22−1,003→ 0 total
    Exercise: $0.00From: 2023-03-22Exp: 2026-03-22→ Common Stock (1,003 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F5]
    2026-03-22−1,523→ 12,185 total
    Exercise: $0.00From: 2025-03-22Exp: 2028-03-22→ Common Stock (1,523 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F6]
    2026-03-22−7,323→ 21,972 total
    Exercise: $0.00From: 2026-03-22Exp: 2029-03-22→ Common Stock (7,323 underlying)
  • Award

    Performance Stock Option

    [F7]
    2026-03-22+58,352→ 58,352 total
    Exercise: $280.62From: 2026-03-22Exp: 2032-03-22→ Common Stock (58,352 underlying)
  • Award

    Restricted Stock Units

    [F3][F8]
    2026-03-22+47,059→ 47,059 total
    Exercise: $0.00From: 2027-03-22Exp: 2030-03-22→ Common Stock (47,059 underlying)
Footnotes (8)
  • [F1]Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
  • [F2]This represents the number of shares subject to the fiscal year 2024 performance-based restricted stock unit ("PRSU") award that were earned based upon the achievement of certain performance criteria over a three-year performance period that ended on January 31, 2026. On March 22, 2026, the Issuer's Compensation Committee certified that certain performance criteria with respect to the performance period were achieved, and the number of shares reported in column 4 are scheduled to vest on April 22, 2026, subject to the holder's continued employment through such date.
  • [F3]Restricted Stock Units convert to shares of common stock on a one-for-one basis.
  • [F4]These restricted stock units vest as to 25% of the original grant on March 22, 2023 and vest as to 1/16 of the original grant quarterly thereafter.
  • [F5]These restricted stock units vest as to 25% of the original grant on March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter.
  • [F6]These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.
  • [F7]This represents the number of shares subject to fiscal year 2026 performance option that were earned based upon the achievement of applicable performance criteria with a performance period that ended on January 31, 2026. 25% of the earned option shares will become vested on March 22, 2026, with the remaining option shares becoming vested in equal monthly installments over the following 36 months, subject to the holder's continued service through each such date.
  • [F8]These restricted stock units vest as to 25% of the original grant on March 22, 2027 and vest as to 1/16 of the original grant quarterly thereafter.
Signature
/s/ Sarah Dale, Attorney-in-Fact for Srinivas Tallapragada|2026-03-24

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT