Harris Parker 4

What Happened

• Harris Parker, Co‑Founder and CTO of Slack and a Salesforce director, had restricted stock units (RSUs) convert to common shares on 2026-06-22. The filing shows 2,540 RSUs converted into shares (1,269 + 1,271).
• To cover tax liabilities on the vesting/settlement, 1,261 shares were withheld (631 and 630) at $150.12 per share, generating total withholding value of $189,302 (631 × $150.12 = $94,726; 630 × $150.12 = $94,576).
• Several derivative entries in the filing show acquisitions and immediate disposals at $0; these reflect the mechanics of RSU conversion and settlement (not separate market sales).

Key Details

• Transaction date: 2026-06-22; filing date: 2026-06-23 (timely).
• Actions reported: M = exercise/conversion of derivatives (RSUs); F = shares withheld to satisfy tax liability.
• Shares acquired via conversion: 2,540 RSUs → 2,540 shares (1-for-1 conversion per filing).
• Shares withheld for taxes (disposed): 1,261 shares at $150.12, total ~$189,302.
• Shares owned after the transaction are not specified in the provided data.
• Relevant footnotes:
  • F1: Shares withheld to satisfy tax liability upon vesting/settlement.
  • F4: RSUs convert to common stock one-for-one.
  • F5/F6: Vesting schedule details (25% cliff, then quarterly vesting).
  • F2/F3: Some reported securities are held in a family trust or an LLC managed by the reporting person and spouse.

Context

• This was an RSU vest/settlement event with shares withheld for taxes (a routine, administrative transaction), not an open‑market sale indicating a directional bet.
• For retail investors: conversions and tax-withholding disposals are common when equity awards vest; they generally reflect compensation settlement rather than a decision to liquidate holdings for investment reasons.