Salesforce (NYSE: CRM) CRO granted stock units and performance options

Q: Were any of Miguel Milano’s Salesforce (CRM) transactions open-market sales or purchases?

No, the Form 4 shows no open-market sales or purchases . The dispositions, totaling 2,288 shares at $195.38 per share, were shares withheld to satisfy tax liabilities on vesting awards. The remaining transactions are equity award exercises and new compensation grants, not market trades.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Salesforce, Inc. President and CRO Miguel Milano reported multiple equity compensation transactions. He exercised restricted stock units that converted into 7,118 shares of common stock, and 2,288 shares were withheld to cover tax liabilities at $195.38 per share, which is not an open-market sale.

Milano also received new grants, including 48,626 performance stock options at a $280.62 exercise price and 47,059 restricted stock units tied to future vesting schedules. After these transactions, he directly held 35,247 shares of common stock, alongside these newly awarded equity incentives.

Insider Trade Summary

7,118 shares exercised/converted

Mixed 9 txns

Insider Milano Miguel

Role President and CRO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,015	$0.00	--
Exercise	Restricted Stock Units	6,103	$0.00	--
Grant/Award	Performance Stock Option	48,626	$0.00	--
Grant/Award	Restricted Stock Units	47,059	$0.00	--
Exercise	Common Stock	1,015	$0.00	--
Tax Withholding	Common Stock	248	$195.38	$48K
Exercise	Common Stock	6,103	$0.00	--
Tax Withholding	Common Stock	2,040	$195.38	$399K
Grant/Award	Common Stock	16,084	$0.00	--

Holdings After Transaction: Restricted Stock Units — 8,124 shares (Direct); Performance Stock Option — 48,626 shares (Direct); Common Stock — 15,348 shares (Direct)

Footnotes (1)

Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award. This represents the number of shares subject to the new-hire performance-based restricted stock unit ("PRSU") award that were earned based on the achievement of certain performance criteria over a three-year performance period that ended on January 31, 2026. On March 22, 2026, the Compensation Committee certified that certain performance criteria with respect to the performance period were achieved, and the number of shares reported in column 4 are scheduled to vest on September 15, 2026, subject to the holder's continued employment through such date. Restricted Stock Units convert to shares of common stock on a one-for-one basis. These restricted stock units vest as to 25% of the original grant on March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter. These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter. This represents the number of shares subject to fiscal year 2026 performance option that were earned based upon the achievement of applicable performance criteria with a performance period that ended on January 31, 2026. 25% of the earned option shares will become vested on March 22, 2026, with the remaining option shares becoming vested in equal monthly installments over the following 36 months, subject to the holder's continued service through each such date. These restricted stock units vest as to 25% of the original grant on March 22, 2027 and vest as to 1/16 of the original grant quarterly thereafter.

Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 09:47 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Milano Miguel

(Last)

(First)

(Middle)

415 MISSION STREET

3RD FLOOR

(Street)

SAN FRANCISCO

CALIFORNIA

94105

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Salesforce, Inc. [ CRM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/22/2026		M		1,015	A	$0	15,348	D
Common Stock	03/22/2026		F⁽¹⁾		248	D	$195.38	15,100	D
Common Stock	03/22/2026		M		6,103	A	$0	21,203	D
Common Stock	03/22/2026		F⁽¹⁾		2,040	D	$195.38	19,163	D
Common Stock	03/22/2026		A⁽²⁾		16,084	A	$0	35,247	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽³⁾	03/22/2026		M			1,015	03/22/2025⁽⁴⁾	03/22/2028	Common Stock	1,015	$0	8,124	D
Restricted Stock Units	$0⁽³⁾	03/22/2026		M			6,103	03/22/2026⁽⁵⁾	03/22/2029	Common Stock	6,103	$0	18,310	D
Performance Stock Option	$280.62	03/22/2026		A⁽⁶⁾		48,626		03/22/2026	03/22/2032	Common Stock	48,626	$0	48,626	D
Restricted Stock Units	$0⁽³⁾	03/22/2026		A		47,059		03/22/2027⁽⁷⁾	03/22/2030	Common Stock	47,059	$0	47,059	D

Explanation of Responses:

1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.

2. This represents the number of shares subject to the new-hire performance-based restricted stock unit ("PRSU") award that were earned based on the achievement of certain performance criteria over a three-year performance period that ended on January 31, 2026. On March 22, 2026, the Compensation Committee certified that certain performance criteria with respect to the performance period were achieved, and the number of shares reported in column 4 are scheduled to vest on September 15, 2026, subject to the holder's continued employment through such date.

3. Restricted Stock Units convert to shares of common stock on a one-for-one basis.

4. These restricted stock units vest as to 25% of the original grant on March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter.

5. These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.

6. This represents the number of shares subject to fiscal year 2026 performance option that were earned based upon the achievement of applicable performance criteria with a performance period that ended on January 31, 2026. 25% of the earned option shares will become vested on March 22, 2026, with the remaining option shares becoming vested in equal monthly installments over the following 36 months, subject to the holder's continued service through each such date.

7. These restricted stock units vest as to 25% of the original grant on March 22, 2027 and vest as to 1/16 of the original grant quarterly thereafter.

	/s/ Sarah Dale, Attorney-in-Fact for Miguel Milano	03/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Salesforce (CRM) executive Miguel Milano report in this Form 4?

Miguel Milano reported routine equity compensation activity, including exercises of restricted stock units into 7,118 common shares and new grants of performance stock options and restricted stock units. These transactions reflect compensation awards and tax withholding, not open-market buying or selling of Salesforce stock.

How many Salesforce (CRM) shares does Miguel Milano hold after these transactions?

After the reported transactions, Miguel Milano directly holds 35,247 shares of Salesforce common stock. In addition, he has newly granted equity awards, including 48,626 performance stock options and 47,059 restricted stock units, which will vest over time subject to continued service and performance conditions.

Were any of Miguel Milano’s Salesforce (CRM) transactions open-market sales or purchases?

No, the Form 4 shows no open-market sales or purchases. The dispositions, totaling 2,288 shares at $195.38 per share, were shares withheld to satisfy tax liabilities on vesting awards. The remaining transactions are equity award exercises and new compensation grants, not market trades.

What new equity awards did Miguel Milano receive from Salesforce (CRM)?

Milano received 48,626 performance stock options and 47,059 restricted stock units. The options have a $280.62 exercise price and vest over several years, while the restricted stock units vest in scheduled installments, contingent on continued employment and, for certain awards, achievement of performance criteria.

How are Miguel Milano’s Salesforce (CRM) performance awards structured and when do they vest?

Certain awards were earned based on performance through January 31, 2026, with shares scheduled to vest over time. Footnotes describe PRSU and performance option awards where 25% vests on March 22, 2026, and remaining portions vest in monthly or quarterly installments subject to continued service.