Form 4: Salesforce Co-Founder Harris Reports Stock Transactions

Salesforce Co-Founder and CTO Parker Harris reported routine stock acquisitions from RSU vesting and subsequent tax-related share disposals.

Summary

• Parker Harris, Co-Founder and CTO of Slack (a Salesforce subsidiary) and a Director of Salesforce, Inc., reported changes in his beneficial ownership of Salesforce common stock.
• On September 22, 2025, Harris acquired 1,003 shares of common stock upon the vesting and settlement of Restricted Stock Units (RSUs) at a price of $0.
• On the same date, he acquired an additional 1,269 shares of common stock from another RSU vesting event, also at a price of $0.
• To satisfy tax liabilities related to these RSU vestings, Harris disposed of 630 shares and 498 shares of common stock, respectively, at a price of $249.69 per share.
• Following these transactions, Harris directly beneficially owns 138,867 shares of common stock.
• He also indirectly beneficially owns 930,987 shares through The G. Parker Harris III & Holly L. Johnson Family Trust and an aggregate of 761,491 shares through various LLCs managed by him and his spouse.
• Harris holds 2,005 Restricted Stock Units from a grant that began vesting on March 22, 2023, and 12,693 Restricted Stock Units from a grant that began vesting on March 22, 2025.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to RSU vesting and tax withholding, which are standard events and do not indicate a significant positive or negative shift in company fundamentals or executive sentiment.

Positives

• The vesting of Restricted Stock Units indicates continued employment and performance incentives for a key executive.
• The acquisition of shares, even at a $0 cost due to RSU conversion, increases the executive's direct equity stake in the company before tax withholding.

Negatives

• A portion of the vested shares was disposed of to cover tax liabilities, resulting in a reduction of direct beneficial ownership.

Risks

• The routine nature of these transactions does not introduce new specific risks, but any significant or unusual insider selling could be perceived negatively by the market.

Future Outlook

The filing indicates ongoing vesting schedules for Restricted Stock Units, with future vesting events expected quarterly for certain grants until their respective expiration dates in March 2026 and March 2028.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common for executives in publicly traded technology companies like Salesforce. It reflects standard compensation practices involving equity awards and tax obligations.

Related Party Transactions

• Indirect beneficial ownership of common stock is held through The G. Parker Harris III & Holly L. Johnson Family Trust and various LLCs managed by the reporting person and his spouse.

Stakeholder Impact

• Shareholders: Minor, as these are routine transactions and do not signal a change in company strategy or performance.
• Employees: No direct impact, as this relates to executive compensation.

Next Steps

• Continued vesting of remaining Restricted Stock Units according to their established schedules.

Key Dates

Keywords

Salesforce, CRM, Parker Harris, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Stock Ownership, Executive Compensation