Tallapragada Srinivas 4

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.