Form 4: Salesforce Executive Sabastian Niles Reports Stock Transactions

Sabastian Niles, President and CLO of Salesforce, reports the acquisition and disposal of common stock and restricted stock units.

Summary

• Sabastian Niles, President and CLO of Salesforce, filed a Form 4 detailing changes in beneficial ownership.
• On February 22, 2025, Niles acquired 1,663 shares of common stock upon the vesting of restricted stock units.
• Also on February 22, 2025, 1,663 Restricted Stock Units converted to shares of common stock.
• On February 24, 2025, Niles disposed of 690 shares of common stock at a price of $307.9655 per share.
• The sale of shares was to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Niles directly owns 1,984 shares of common stock and 16,626 derivative securities.
• The restricted stock units vest as to 25% of the original grant on August 22, 2024, and then 1/16 quarterly thereafter.

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.

Industry Context

Executive stock transactions are a normal part of corporate governance and compensation practices. Monitoring these transactions can provide insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Salesforce, Sabastian Niles, Stock Transactions, Restricted Stock Units, Beneficial Ownership, CRM