Niles Sabastian 4

What Happened
Niles Sabastian, President and Chief Legal Officer of Salesforce (CRM), had restricted stock units (RSUs) vest and convert to 1,663 shares on May 22, 2026 (reported via derivative transaction code M). To satisfy tax withholding obligations, 920 of those shares were withheld and disposed (code F) at an implied price of $180.07 per share, totaling $165,664. After withholding, the filing shows a net delivery of 743 shares to Sabastian (1,663 acquired − 920 withheld).

Key Details

• Transaction date: May 22, 2026. Filing date: May 26, 2026 (timely within the usual 2-business-day window).
• Conversion/Exercise (code M): 1,663 RSUs converted to 1,663 shares at $0.00 (RSUs convert 1-for-1).
• Tax withholding (code F): 920 shares withheld at $180.07 per share = $165,664.
• Net shares delivered to insider: 743 shares (1,663 − 920).
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1 notes shares withheld to satisfy tax liability; F2 confirms RSUs convert 1-for-1 to common stock; F3 shows the RSU vesting schedule (25% on Aug 22, 2024, then 1/16 quarterly thereafter).
• Transaction types: M = exercise/conversion of derivative (RSU vesting), F = tax withholding. This transaction appears to be settlement of RSUs, not an open-market sale.

Context
This was a routine RSU vesting and net-settlement for taxes—common corporate compensation mechanics. The withheld shares cover tax obligations and are not the same as an open-market sale that would necessarily reflect an insider's view of the stock. As a non-purchase insider transaction (no cash outlay for new shares), it shouldn’t be read as a bullish purchase signal.