Form 4: Salesforce EVP Sundeep G. Reddy Reports Stock Transactions

Sundeep G. Reddy, EVP & Chief Accounting Officer of Salesforce, reports the acquisition and disposal of common stock and restricted stock units.

Summary

• Sundeep G. Reddy, an EVP & Chief Accounting Officer at Salesforce, filed a Form 4 detailing changes in beneficial ownership.
• The transactions include the acquisition of 144 and 1,726 shares of common stock on March 22, 2025, through the vesting of restricted stock units.
• He also disposed of 66, 783, 402, and 658 shares of common stock on March 24, 2025, at a price of $284.5797 per share.
• These disposals were to cover tax withholding obligations related to the vesting of restricted stock units.
• Reddy also acquired 6,917 restricted stock units on March 22, 2025, which will vest starting March 22, 2026.
• Following these transactions, Reddy directly owns 11,310 shares of common stock and 6,917 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by an executive. It doesn't indicate any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares by an executive, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Salesforce, Stock, Reddy, Transactions, Ownership, Securities, Vesting, Restricted Stock Units