Form 4: Salesforce Co-Founder Parker Harris Reports Stock Transactions
Insider Transaction Report
Salesforce Co-Founder and CTO, Slack, Parker Harris reported the acquisition of common stock through RSU conversion and subsequent tax-related disposition.
Summary
- Parker Harris, Co-Founder and CTO, Slack, reported transactions on January 22, 2026.
- Acquired 1,785 shares of Common Stock upon the vesting and settlement of Restricted Stock Units (RSUs) at a price of $0.
- Disposed of 659 shares of Common Stock at a price of $228.09 to satisfy tax liabilities related to the RSU vesting.
- Following these transactions, direct beneficial ownership of Common Stock is 142,037 shares.
- Indirect beneficial ownership includes 930,987 shares via The G. Parker Harris III & Holly L. Johnson Family Trust and 861,491 shares across several LLCs managed by Harris and his spouse.
Sentiment
Score: 7
Explanation: The filing reports routine vesting of executive compensation (Restricted Stock Units) and subsequent tax-related share disposition, which is a standard and expected event for an executive.
Positives
- Vesting of 1,785 Restricted Stock Units (RSUs) into common stock, representing compensation for the reporting person.
Negatives
- Disposition of 659 shares of common stock to cover tax liabilities, which reduces direct holdings.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Indirect beneficial ownership of 930,987 shares of Common Stock is held in The G. Parker Harris III & Holly L. Johnson Family Trust.
- Indirect beneficial ownership of 861,491 shares of Common Stock is held by several LLCs managed by the reporting person and his spouse.
Stakeholder Impact
- Shareholders: The transactions represent routine executive compensation and tax management, which are standard and have minimal direct impact on the company's operational performance or share price.
- Employees: Reflects standard executive compensation practices, indicating the company's commitment to its compensation structure.
Next Steps
- Future quarterly vesting of remaining Restricted Stock Units as per the original grant schedule (1/16 of the original grant quarterly after April 22, 2024).
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | First vesting date for the reported Restricted Stock Units (25% of original grant). |
| 01/22/2026 | Date of reported transactions (RSU conversion and tax withholding). |
| 01/23/2026 | Signature date of the reporting person's attorney-in-fact. |
| 04/22/2027 | Expiration date of the reported Restricted Stock Units. |
Recommendation
holdThis Form 4 filing details routine insider transactions related to executive compensation (RSU vesting and tax withholding). It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transactions are expected and do not indicate a shift in management's confidence or a significant change in the company's valuation.
Keywords
Salesforce, CRM, Parker Harris, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Vesting, Executive Compensation
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