Salesforce (CRM) CLO Niles Sabastian Vests RSUs; Shares Withheld

What Happened
Niles Sabastian, President and Chief Legal Officer of Salesforce (CRM), had 1,662 restricted stock units (RSUs convert 1:1 to shares) vest and convert into common stock on August 22, 2026. Of those shares, 920 were withheld to satisfy the reporting person's tax liability at a per-share value of $209.17, totaling $192,436. The net shares delivered to Sabastian were 742 (1,662 vested − 920 withheld). The filing shows these as RSU settlement/exercise (transaction code M) with tax withholding (code F).

Key Details

• Transaction date: August 22, 2026; Form 4 filed August 24, 2026 (timely filing).
• Vested/converted: 1,662 RSUs → 1,662 shares (F2: 1-for-1 conversion).
• Tax withholding: 920 shares withheld at $209.17/share = $192,436 (code F; shares withheld to cover tax liability).
• Net shares received by insider: 742 shares.
• Vesting schedule note (from filing): initial 25% vested Aug 22, 2024, then 1/16 of original grant vests quarterly thereafter (footnote).
• This was a routine vesting/settlement and withholding for taxes, not an open-market sale or purchase.

Context
RSU vesting events and share-withholding for taxes are common compensation mechanics and do not necessarily signal buying or selling intent; withheld shares are typically not sold on the open market but retained by the company to cover tax obligations. This transaction represents compensation settlement (not a discretionary sale or purchase) by a company executive.