Tallapragada Srinivas 4

What Happened

• Tallapragada Srinivas, Salesforce's Chief Engineering and Customer Success Officer, had 1,786 restricted stock units (RSUs) convert to common shares on 2026-07-22. Of those, 886 shares were withheld to satisfy tax withholding (valued at $163.00 each, $144,418 total), leaving a net of 900 shares delivered to him. The RSU conversion shows an exercise/conversion price of $0.00, consistent with RSU settlement rather than an option exercise requiring cash.

Key Details

• Transaction date: 2026-07-22; SEC filing dated 2026-07-23 (timely).
• Conversion: 1,786 RSUs converted to shares (transaction code M, $0.00 per share).
• Withholding: 886 shares withheld for taxes (transaction code F) at $163.00/share = $144,418.
• Net shares received: 900 shares (1,786 − 886); approximate market value at $163/share ≈ $146,700.
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1 = shares withheld to satisfy tax liability on vesting/settlement; F2 = RSUs convert 1-for-1 to common stock; F3 = vesting schedule (25% on 4/22/2024, then 1/16 quarterly thereafter).
• Transaction codes: M = exercise/conversion of derivative (here, RSU settlement); F = tax withholding. This is standard withholding, not an open-market sale.

Context

• This was a routine RSU settlement with share withholding to cover taxes (a common, administrative action). It is not an open-market sale or purchase and therefore should not be read as a direct buy/sell signal about the insider’s market view.