Niles Sabastian 4

What Happened

• Niles Sabastian, President and Chief Legal Officer of Salesforce (CRM), had restricted stock units (RSUs) vest and convert to common shares on June 22, 2026. Two conversion events resulted in 1,016 and 1,017 shares (total 2,033 shares) being issued.
• To satisfy tax withholding obligations, 562 and 563 shares (total 1,125 shares) were withheld at a price of $150.12 per share, resulting in cash value withheld of $84,367 and $84,518 (total $168,885). Net shares added to his position from this vesting event: 908 shares.
• The filing also shows corresponding derivative (RSU) cancellation/settlement entries with $0 value reflecting the conversion/settlement of the RSUs.

Key Details

• Transaction date: June 22, 2026; Filing date: June 23, 2026 (filed promptly/timely).
• Shares converted (acquired): 1,016 and 1,017 (total 2,033). Shares withheld for taxes (disposed): 562 and 563 (total 1,125).
• Withholding price used: $150.12 per share; total tax withholding value: $84,367 + $84,518 = $168,885.
• Footnotes: F1 = shares withheld to satisfy tax liability on vesting; F2 = RSUs convert 1-for-1 to common stock; F3/F4 = vesting schedule details (initial 25% on March 22, 2025/2026 then quarterly).
• Shares owned after the transaction: not specified in the provided data (filing shows the vesting and withholding amounts only).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld to pay taxes.

Context

• This was a routine compensation/vesting event (RSU settlement with share withholding for taxes), not an open-market buy or sale indicative of a trading decision. The withholding represents a tax-payment mechanism (net-share settlement), common when equity awards vest.