[Form 4] Salesforce, Inc. Insider Trading Activity
Marc Benioff, Chair and CEO of Salesforce, Inc. (CRM), reported transactions on a Form 4 showing stock option exercise and multiple open-market sales executed on 09/04/2025 pursuant to a Rule 10b5-1 trading plan adopted on 01/09/2025. The report shows 2,250 shares acquired on exercise of a non-qualified option at an exercise price of $161.50 and a series of sales totaling 2,454 shares at weighted-average prices ranging from about $236.05 to $244.38. Following the transactions, Benioff beneficially owns 11,912,748 to 11,913,821 shares directly and 10,107,000 shares indirectly through a trust and the Marc Benioff Fund LLC as disclosed.
Marc Benioff, presidente e CEO di Salesforce, Inc. (CRM), ha segnalato operazioni su un Modulo 4 relative all’esercizio di opzioni su azioni e a più vendite sul mercato aperto eseguite il 09/04/2025 in base a un piano di trading Rule 10b5-1 adottato il 01/09/2025. Il rapporto indica l’acquisto di 2.250 azioni tramite l’esercizio di un’opzione non qualificata al prezzo di esercizio di $161,50 e una serie di vendite per un totale di 2.454 azioni a prezzi medi ponderati compresi indicativamente tra $236,05 e $244,38. Dopo le operazioni, Benioff detiene di beneficio direttamente da 11.912.748 a 11.913.821 azioni e indirettamente 10.107.000 azioni tramite un trust e la Marc Benioff Fund LLC, come dichiarato.
Marc Benioff, presidente y CEO de Salesforce, Inc. (CRM), informó transacciones en un Formulario 4 que muestran el ejercicio de opciones sobre acciones y múltiples ventas en mercado abierto ejecutadas el 09/04/2025 conforme a un plan de negociación Rule 10b5-1 adoptado el 01/09/2025. El informe muestra la adquisición de 2.250 acciones por el ejercicio de una opción no calificada a un precio de ejercicio de $161,50 y una serie de ventas por un total de 2.454 acciones a precios medios ponderados que oscilan aproximadamente entre $236,05 y $244,38. Tras las transacciones, Benioff posee beneficiariamente entre 11.912.748 y 11.913.821 acciones en forma directa y 10.107.000 acciones en forma indirecta a través de un fideicomiso y Marc Benioff Fund LLC, según se declara.
마크 베니오프(Marc Benioff) Salesforce, Inc.(CRM) 회장 � CEO� 2025� 9� 4�(09/04/2025)� 실행� 주식옵션 행사 � 다수� 장내 매도 거래� 대� 2025� 1� 9�(01/09/2025) 채택� Rule 10b5-1 거래계획� 따라 Form 4� 거래� 보고했습니다. 보고서에 따르� 2,250�가 비자� 옵션 행사� 취득되었�, 행사가격은 $161.50이며, 총합 2,454�� 매도가 가중평균가� � $236.05에서 $244.38 사이에서 이루어졌습니�. 거래 이후 베니오프� 직접적으� 11,912,748에서 11,913,821주를, 그리� 공시� 바와 같이 신탁 � Marc Benioff Fund LLC� 통해 10,107,000주를 간접 보유하고 있습니다.
Marc Benioff, président et PDG de Salesforce, Inc. (CRM), a déclaré des opérations sur un Formulaire 4 concernant l’exercice d’options d’achat d’actions et plusieurs ventes sur le marché ouvert exécutées le 09/04/2025 en vertu d’un plan de trading Rule 10b5-1 adopté le 01/09/2025. Le rapport indique l’acquisition de 2 250 actions suite à l’exercice d’une option non qualifiée au prix d’exercice de $161,50 et une série de ventes totalisant 2 454 actions à des prix moyens pondérés d’environ $236,05 à $244,38. À la suite de ces opérations, Benioff détient à titre bénéficiaire entre 11 912 748 et 11 913 821 actions en direct et 10 107 000 actions indirectement via une fiducie et la Marc Benioff Fund LLC, comme indiqué.
Marc Benioff, Vorsitzender und CEO von Salesforce, Inc. (CRM), meldete Transaktionen in einer Form 4, die die Ausübung von Aktienoptionen und mehrere Verkäufe am offenen Markt ausweisen, ausgeführt am 09/04/2025 gemäß einem Rule-10b5-1-Handelsplan, der am 01/09/2025 angenommen wurde. Der Bericht weist 2.250 Aktien aus, die durch die Ausübung einer nicht qualifizierten Option zu einem Ausübungspreis von $161,50 erworben wurden, sowie eine Reihe von Verkäufen in Höhe von insgesamt 2.454 Aktien zu gewichteten Durchschnittspreisen von etwa $236,05 bis $244,38. Nach den Transaktionen hält Benioff wirtschaftlich direkt 11.912.748 bis 11.913.821 Aktien und indirekt 10.107.000 Aktien über einen Trust und die Marc Benioff Fund LLC, wie angegeben.
- Transactions executed under a Rule 10b5-1 trading plan, providing pre-established terms and reducing concerns about opportunistic insider timing
- Significant remaining beneficial ownership disclosed: over 11.9 million shares directly plus indirect holdings via trust and Marc Benioff Fund LLC
- Insider sold 2,454 shares on 09/04/2025, which is a reduction in direct holdings (though small relative to total ownership)
- Sales occurred across a range of prices, indicating multiple executions rather than a single transaction price
Insights
TL;DR: CEO exercised options and sold a small block of shares under a pre-established 10b5-1 plan; holdings remain substantial.
The filing documents a routine exercise of a non-qualified stock option and multiple small-scale open-market dispositions conducted automatically under a Rule 10b5-1 plan. The transactions occurred on a single day and the report identifies both direct and indirect beneficial ownership, including trust holdings and interests in the Marc Benioff Fund LLC. From a governance perspective, disclosure of the 10b5-1 plan and the methodical sale execution reduce concerns about opportunistic insider timing, while the continued large ownership stake aligns management incentives with shareholders.
TL;DR: Insider activity is material to ownership structure but shows no abrupt reduction in control.
The Form 4 shows an option exercise (2,250 shares) and multiple sales totaling 2,454 shares at weighted-average prices reported across a range of ~$235.68 to $244.50. Post-transaction beneficial ownership remains in the low double-digit millions directly plus significant indirect holdings. The filing supplies weighted-average sale prices and confirms the transactions were executed under a pre-existing trading plan, which is relevant when assessing market signaling and potential liquidity effects. No other compensatory or non-routine transactions are reported.
Marc Benioff, presidente e CEO di Salesforce, Inc. (CRM), ha segnalato operazioni su un Modulo 4 relative all’esercizio di opzioni su azioni e a più vendite sul mercato aperto eseguite il 09/04/2025 in base a un piano di trading Rule 10b5-1 adottato il 01/09/2025. Il rapporto indica l’acquisto di 2.250 azioni tramite l’esercizio di un’opzione non qualificata al prezzo di esercizio di $161,50 e una serie di vendite per un totale di 2.454 azioni a prezzi medi ponderati compresi indicativamente tra $236,05 e $244,38. Dopo le operazioni, Benioff detiene di beneficio direttamente da 11.912.748 a 11.913.821 azioni e indirettamente 10.107.000 azioni tramite un trust e la Marc Benioff Fund LLC, come dichiarato.
Marc Benioff, presidente y CEO de Salesforce, Inc. (CRM), informó transacciones en un Formulario 4 que muestran el ejercicio de opciones sobre acciones y múltiples ventas en mercado abierto ejecutadas el 09/04/2025 conforme a un plan de negociación Rule 10b5-1 adoptado el 01/09/2025. El informe muestra la adquisición de 2.250 acciones por el ejercicio de una opción no calificada a un precio de ejercicio de $161,50 y una serie de ventas por un total de 2.454 acciones a precios medios ponderados que oscilan aproximadamente entre $236,05 y $244,38. Tras las transacciones, Benioff posee beneficiariamente entre 11.912.748 y 11.913.821 acciones en forma directa y 10.107.000 acciones en forma indirecta a través de un fideicomiso y Marc Benioff Fund LLC, según se declara.
마크 베니오프(Marc Benioff) Salesforce, Inc.(CRM) 회장 � CEO� 2025� 9� 4�(09/04/2025)� 실행� 주식옵션 행사 � 다수� 장내 매도 거래� 대� 2025� 1� 9�(01/09/2025) 채택� Rule 10b5-1 거래계획� 따라 Form 4� 거래� 보고했습니다. 보고서에 따르� 2,250�가 비자� 옵션 행사� 취득되었�, 행사가격은 $161.50이며, 총합 2,454�� 매도가 가중평균가� � $236.05에서 $244.38 사이에서 이루어졌습니�. 거래 이후 베니오프� 직접적으� 11,912,748에서 11,913,821주를, 그리� 공시� 바와 같이 신탁 � Marc Benioff Fund LLC� 통해 10,107,000주를 간접 보유하고 있습니다.
Marc Benioff, président et PDG de Salesforce, Inc. (CRM), a déclaré des opérations sur un Formulaire 4 concernant l’exercice d’options d’achat d’actions et plusieurs ventes sur le marché ouvert exécutées le 09/04/2025 en vertu d’un plan de trading Rule 10b5-1 adopté le 01/09/2025. Le rapport indique l’acquisition de 2 250 actions suite à l’exercice d’une option non qualifiée au prix d’exercice de $161,50 et une série de ventes totalisant 2 454 actions à des prix moyens pondérés d’environ $236,05 à $244,38. À la suite de ces opérations, Benioff détient à titre bénéficiaire entre 11 912 748 et 11 913 821 actions en direct et 10 107 000 actions indirectement via une fiducie et la Marc Benioff Fund LLC, comme indiqué.
Marc Benioff, Vorsitzender und CEO von Salesforce, Inc. (CRM), meldete Transaktionen in einer Form 4, die die Ausübung von Aktienoptionen und mehrere Verkäufe am offenen Markt ausweisen, ausgeführt am 09/04/2025 gemäß einem Rule-10b5-1-Handelsplan, der am 01/09/2025 angenommen wurde. Der Bericht weist 2.250 Aktien aus, die durch die Ausübung einer nicht qualifizierten Option zu einem Ausübungspreis von $161,50 erworben wurden, sowie eine Reihe von Verkäufen in Höhe von insgesamt 2.454 Aktien zu gewichteten Durchschnittspreisen von etwa $236,05 bis $244,38. Nach den Transaktionen hält Benioff wirtschaftlich direkt 11.912.748 bis 11.913.821 Aktien und indirekt 10.107.000 Aktien über einen Trust und die Marc Benioff Fund LLC, wie angegeben.