This week, Salesforce.com, Inc. (NYSE:CRM) saw two of its insiders complete stock dispositions. The company’s Co-Founder, Parker Harris, unloaded 11,333 shares of Common Stock, directly, on Tuesday. The insider sold the stock in two batches, receiving $54.36 per share for 5,533 shares before disposing of another 5,800 shares for a weighted average price of $54.91 per share. Furthermore, Harris also exercised his use of non-qualified stock options.
However, the largest stock sale at Salesforce this week was executed by Marc Benioff. The Chairman of the Board and Chief Executive Officer of the $33.9 billion market cap cloud computing service provider unloaded a total of 60,000 shares of Common Stock. The stock was sold over a three day transaction, commencing on Monday, when Benioff disposed of 19,600 shares for $54.18 per share and another 400 share for $55.11 per share. The sale then proceeded on Tuesday, unloading 9,700 and 10,300 shares for $54.36 and $54.92 per share, respectively. The remaining 20,000 shares were unloaded yesterday for prices ranging between $55.45 and $56.24 per share.