Salesforce President Niles Sabastian Withholds 8,873 Shares

What Happened
Niles Sabastian, President and Chief Legal Officer of Salesforce (CRM), had 8,873 shares withheld on 2026-09-15 to satisfy tax liabilities upon vesting of performance-based restricted stock units. The shares are recorded at $255.65 each, for a total disposition value of $2,268,382 (~$2.27M). This was a tax-withholding event (not an open-market sale).

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-16 (filed within the standard 2-business-day Form 4 window).
• Price per share: $255.65; Shares involved: 8,873; Total value: $2,268,382.
• Transaction code: F (shares withheld to satisfy tax liability). Footnote: represents shares withheld to satisfy tax liability upon vesting/settlement of a performance-based restricted stock unit award.
• Shares owned after transaction: Not reported in the provided Form 4 excerpt.
• This was a routine tax-withholding/settlement action, not an open-market sale or purchase.

Context
Withholding shares to cover taxes on vested RSUs is a common, administrative transaction and does not necessarily indicate insider sentiment about the stock. It differs from an open-market sale because the shares are retained by the company to meet tax obligations rather than sold to a third party.