Form 4: Salesforce Executive Srinivas Tallapragada Reports Stock Transactions
SEC Form 4
Salesforce's Chief Eng/Cust Success Officer, Srinivas Tallapragada, reports the vesting and subsequent sale of common stock to cover tax obligations.
Summary
- Srinivas Tallapragada, Chief Eng/Cust Success Officer at Salesforce, filed a Form 4 detailing changes in beneficial ownership.
- On April 22, 2025, 1,785 shares of common stock were acquired through the vesting of restricted stock units (RSUs).
- Also on April 22, 2025, these shares were acquired at a price of $0.
- On April 23, 2025, 897 shares were sold at a price of $253.6637 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Tallapragada directly owns 41,422 shares of Salesforce common stock and 14,283 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | 25% of the original restricted stock units grant vests. |
| 04/22/2025 | Restricted stock units vest and shares are acquired; also the date of the earliest transaction. |
| 04/23/2025 | Shares are sold to cover tax obligations. |
| 04/24/2025 | Date of the signature on the Form 4 filing. |
| 04/22/2027 | Expiration date of the restricted stock units. |
Keywords
Form 4, Salesforce, Stock, RSU, Srinivas Tallapragada, Beneficial Ownership
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