Form 4: Salesforce Co-Founder and CTO, Slack, Parker Harris, Reports Stock Transactions

Parker Harris, Co-Founder and CTO, Slack at Salesforce, reports the sale of common stock and exercise of stock options on July 23, 2024, according to a Form 4 filing with the SEC.

Summary

• Parker Harris, Co-Founder and CTO, Slack at Salesforce, filed a Form 4 with the SEC on July 24, 2024.
• The filing details transactions that occurred on July 23, 2024.
• Harris exercised non-qualified stock options to acquire 4,200 shares of common stock at a price of $118.04.
• He also sold 4,200 shares acquired from the option exercise at $118.04.
• He sold 1,645 shares at a weighted average price of $255.3434, 2,119 shares at a weighted average price of $256.1924, and 436 shares at a weighted average price of $256.8784.
• Following these transactions, Harris directly owns 117,581 shares of common stock.
• Harris also indirectly owns shares through various entities, including The G. Parker Harris III & Holly L. Johnson Family Trust and several LLCs.
• The transactions were executed automatically pursuant to a Rule 10b5-1 trading plan adopted on September 26, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider. It provides transparency to the market regarding the trading activities of key personnel.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates