Tallapragada Srinivas 4

What Happened

• Tallapragada Srinivas, Salesforce's Chief Engineering / Customer Success Officer, had restricted stock units (RSUs) vest and convert to common shares on April 22, 2026. The filing shows 1,785 shares were issued upon conversion (derivative exercise/conversion) and a total of 14,667 shares were withheld/surrendered to cover tax liabilities, producing cash equivalents of about $2,783,797.
• Withholding details: 886 shares withheld at $189.80 for $168,163 (footnote F1) and 13,781 shares withheld at $189.80 for $2,615,634 (footnote F2). Two derivative/conversion line items for 1,785 shares are reported at $0, consistent with RSU settlement (footnotes F3, F4).

Key Details

• Transaction date: April 22, 2026 (report filed Apr 23, 2026).
• Price used for withholding calculations: $189.80 per share.
• Shares involved: 1,785 shares issued on conversion; 14,667 shares withheld for taxes (total vested = 16,452 shares).
• Cash value withheld for taxes: approximately $2,783,797 (168,163 + 2,615,634).
• Footnotes: F1/F2 = shares withheld to satisfy tax liability on RSU vesting; F3 = RSUs convert 1-for-1 to common stock; F4 = vesting schedule (25% on Apr 22, 2024 then 1/16 quarterly thereafter).
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: no late filing indicator shown in the provided information.

Context

• This was not an open-market sale by the insider; the “dispositions” are share-withholdings to pay taxes upon RSU vesting (a routine, non-bull/bear signal).
• RSU conversion entries listed at $0 reflect that these were awards settling into shares rather than purchases. The withholding is functionally a cashless tax settlement common with RSU vesting.