CRM 8-K: Smart Summary

On March 16, 2026, Salesforce, Inc. (NYSE: CRM) announced the commencement of prepayment and initial share delivery under its $25B accelerated share repurchase (ASR) agreements, entered into on March 11, 2026, described as the largest ASR in history. The initial delivery of approximately 103 million shares represents approximately 80% of the total shares anticipated to be repurchased. This transaction represents the immediate execution of half of the $50B aggregate Share Repurchase Program authorized by Salesforce's Board of Directors in February 2026.

• Salesforce commenced prepayment and initial delivery of approximately 103 million shares under $25B ASR agreements entered into on March 11, 2026.
• The $25B ASR is described as the largest ASR in history.
• The transaction represents the immediate execution of half of the $50B aggregate Share Repurchase Program authorized by Salesforce's Board of Directors in February 2026, leaving a remaining $25B repurchase authorization.
• The initial delivery of 103 million shares represents approximately 80% of the total shares anticipated to be repurchased, based on the closing price of Salesforce's common stock on March 11, 2026.
• The final number of shares to be repurchased will be determined generally by the volume-weighted average price of Salesforce's common stock during the term of the transaction, less a discount and subject to adjustments.
• Final settlement is expected to occur in the third or fourth quarter of Salesforce's FY27.
• ASR counterparty financial institutions include Banco Santander, S.A., Bank of America, N.A., Citibank, N.A., JPMorgan Chase Bank, National Association, and Morgan Stanley & Co. LLC, with J. Wood Capital Advisors LLC serving as an advisor.
• Marc Benioff, Chair and CEO, stated: 'We are aggressively repurchasing shares because we are so confident in the future of Salesforce.'
• Robin Washington, President and Chief Operating and Financial Officer, stated: 'This $25B ASR reflects our increased conviction in the durability of our growth and cash flow trajectory.'