Form 4: Salesforce Executive Parker Harris Reports Stock Transactions

Parker Harris, Co-Founder and CTO of Slack at Salesforce, reports the vesting and sale of restricted stock units and changes in beneficial ownership.

Summary

• Parker Harris, a director and officer (Co-Founder and CTO, Slack) at Salesforce, filed a Form 4 detailing changes in beneficial ownership.
• On March 22, 2025, Harris exercised restricted stock units (RSUs) converting into common stock.
• He acquired 872, 1,003, and 5,077 shares of common stock through RSU conversions.
• On March 24, 2025, Harris sold 306, 417, and 2,550 shares of common stock at a price of $284.5797 per share.
• Following these transactions, Harris directly owns 125,146 shares of common stock.
• Harris also indirectly owns shares through various LLCs and a family trust.
• He indirectly owns 946,987 shares through the HJ Family Trust.
• He indirectly owns 115,840 shares through LLC BE, LLC NE, and LLC ZE.
• He indirectly owns 171,323 shares through LLC BN, and 171,324 shares through LLC NN and LLC ZN.
• He also holds 20,344 restricted stock units that will vest on March 22, 2026.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.

Future Outlook

The document does not contain specific forward-looking statements, but it does detail future vesting dates for restricted stock units.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies like Salesforce. These filings provide transparency into the trading activities of company insiders and can be analyzed for insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting schedules and trading activities of executives are closely monitored by investors and analysts.
• Comparing Parker Harris's transactions to those of executives at peer companies like Microsoft, Oracle, and Adobe could provide a broader context for evaluating his actions.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders like Parker Harris.
• The transactions could have a minor impact on the stock price due to the volume of shares traded.

Key Dates

Keywords

Form 4, Salesforce, Parker Harris, Stock Transactions, Beneficial Ownership, Restricted Stock Units, Common Stock, Director, Officer, Slack