CRM.NYSESalesforce, INC

Form 4: Salesforce Executive Parker Harris Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Parker Harris, Co-Founder and CTO of Slack at Salesforce, reports the acquisition and disposal of Salesforce common stock and restricted stock units.

Summary

  • Parker Harris, Co-Founder and CTO of Slack at Salesforce, filed a Form 4 detailing changes in beneficial ownership.
  • On October 22, 2024, Harris acquired 1,785 shares of common stock through the vesting of restricted stock units and disposed of 897 shares on October 23, 2024, at a price of $285.2886 per share.
  • Following these transactions, Harris directly owns 119,402 shares of common stock and indirectly owns 946,987 shares through the HJ Family Trust and various LLCs.
  • He also directly owns 17,854 derivative securities in the form of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the trading activity of a high-ranking executive at Salesforce.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates

DateDescription
04/22/202425% of restricted stock units vest
10/22/2024Date of earliest transaction; restricted stock units vest and shares are acquired
10/23/2024Shares disposed of
04/22/2027Expiration date of restricted stock units

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.