4 unchanged sentences
In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.
−Removed: Based on management’s evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are designed to, and are effective to, provide assurance at a reasonable level, that the information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission (“SEC”) rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosures.
+Added: Based on management’s evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are designed to, and are effective to, provide assurance at a reasonable level, that the information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission (“SEC”) rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosures.
(b) Management’s Report on Internal Control Over Financial Reporting
3 unchanged sentences
generally accepted accounting principles.
+Added: In accordance with guidance issued by the Securities and Exchange Commission, companies are permitted to exclude acquisitions from their final assessment of internal control over financial reporting for the first fiscal year in which the acquisition occurred.
+Added: Our management’s evaluation of internal control over financial reporting excluded the internal control activities of Regrello and Informatica, which we acquired in October 2025 and November 2025, respectively, as discussed in Note 7 "Business Combinations," to the consolidated financial statements.
+Added: We have included the financial results of these acquired companies in the consolidated financial statements from the date of acquisition.
+Added: Total revenues and total operating expenses subject to Regrello’s and Informatica’s internal control over financial reporting represented less than one percent of our consolidated total revenues and total operating expenses, for the fiscal year ended January 31, 2026.
+Added: Total assets and net assets subject to Regrello’s and Informatica’s internal control over financial reporting represented approximately one percent of our consolidated total assets and net assets, excluding acquisition method fair value adjustments, as of January 31, 2026.
Based on the results of our evaluation, our management concluded that our internal control over financial reporting was effective as of January 31, 2026.
11 unchanged sentences
The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions;
−Removed: over time, controls may become inadequate
−Removed: because of changes in conditions, or the degree of compliance with policies or procedures may deteriorate.
+Added: over time, controls may become inadequate because of changes in conditions, or the degree of compliance with policies or procedures may deteriorate.
Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.
1 unchanged sentence
During the three months ended January 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) informed us of the adoption or termination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K), except as follows.
−Removed: On December 17, 2024 , Parker Harris , Co-Founder and Chief Technology Officer , Slack, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 150,662 shares of the Company’s common stock, subject to certain conditions, through December 15, 2025 (or the date all shares are sold under the arrangement, if earlier).
−Removed: On January 9, 2025 , Marc Benioff , Chair and Chief Executive Officer , adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 353,684 shares of the Company’s common stock, subject to certain conditions, through March 20, 2026 (or the date all shares are sold under the arrangement, if earlier).
+Added: On December 18, 2025 , Parker Harris , Co-Founder & Chief Technology Officer, Slack , individually, and as co-trustee of the HJ Family Trust, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale and donation of up to 154,725 shares of the Company’s common stock, subject to certain conditions, through December 18, 2026 (or the date all shares are sold and donated under the arrangement, if earlier).
+Added: On January 12, 2026 , Srinivas Tallapragada , President and Chief Engineering and Customer Success Officer , adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 22,904 shares of the Company’s common stock, subject to certain conditions, through January 12, 2027 (or the date all shares are sold under the arrangement, if earlier).
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
3 unchanged sentences
The information concerning our executive officers required by this Item is incorporated by reference herein to the section of this Annual Report on Form 10-K in Part I, entitled “Information About Our Executive Officers.”
−Removed: We have adopted a code of ethics, our Code of Conduct, which applies to all employees, including our chief executive officer, Marc Benioff, principal financial officer, Amy Weaver, principal accounting officer, Sundeep Reddy and all other executive officers.
+Added: We have adopted a code of ethics, our Code of Conduct, which applies to all employees, including our chief executive officer, Marc Benioff, principal financial officer, Robin Washington, principal accounting officer, Sundeep Reddy and all other executive officers.
The Code of Conduct is available on our website at http://investor.salesforce.com/about-us/investor/corporate-governance /.
A copy may also be obtained without charge by contacting Investor Relations, Salesforce, Inc., Salesforce Tower, 415 Mission St, 3rd Fl, San Francisco, California 94105 or by calling (415) 901-7000.
−Removed: We intend to satisfy the disclosure requirement under Item 5.05 of Form 8-K regarding amendment to, or waiver from, a provision of our Code of Conduct by posting such information on the website address and location specified above.
+Added: We intend to satisfy the disclosure requirement under SEC and NYSE rules regarding certain amendments to, or waivers from, a provision of our Code of Conduct by posting such information on the website address and location specified above.
EXECUTIVE COMPENSATION
46 unchanged sentences
S-1/A 333-111289 10.1 4/20/2004
−Removed: 10.4* MetaMind, Inc.
−Removed: 2014 Stock Incentive Plan
−Removed: S-8 333-211510 4.1 5/20/2016
10.4* Salesforce, Inc.
−Removed: Amended and Restated 2014 Inducement Equity Incentive Plan
−Removed: 10-Q 001-32224 10.3 5/30/2024
−Removed: 10.6* Related forms of equity agreements under the Amended and Restated 2013 Equity Incentive Plan
−Removed: 10-Q 001-32224 10.4 6/1/2022
+Added: 2014 Inducement Equity Incentive Plan
+Added: S-8 333-290051 4.3 9/5/2025
+Added: 10.5* Forms of equity award agreements under the Amended and Restated 2013 Equity Incentive Plan
+Added: 10.6* Related forms of equity agreements under the Amended and Restated 2004 Employee Stock Purchase Plan
+Added: S-8 333-265555 4.4 6/13/2022
Herewith Incorporated by Reference
−Removed: Exhibit Description Form SEC File No.
+Added: Exhibit Description Provided
+Added: Herewith Form SEC File No.
Exhibit Filing Date
−Removed: 10.7* Related forms of equity agreements under the Amended and Restated 2004 Employee Stock Purchase Plan
−Removed: 10-Q 001-32224 10.5 6/1/2022
−Removed: 10.8* Related forms of equity agreements under the Amended and Restated 2014 Inducement Equity Incentive Plan
−Removed: 10-Q 001-32224 10.6 6/1/2022
−Removed: 10.9* Forms of equity award agreements under the Amended and Restated 2013 Equity Incentive Plan
−Removed: 10-Q 001-32224 10.4 5/30/2024
10.7* Form of Restricted Stock Unit Agreement under the Amended and Restated 2014 Inducement Equity Incentive Plan
10-Q 001-32224 10.2 5/29/2025
−Removed: 10.11* Forms of equity award agreements under the Amended and Restated 2013 Equity Incentive Plan
10.8* Form of stock option agreement under the Amended and Restated 2014 Inducement Equity Incentive Plan
+Added: 10-K 001-32224 10.12 3/5/2025
10.9* Amended and Restated Annual Performance Bonus Plan
6 unchanged sentences
S-8 333-282514 4.3 10/4/2024
−Removed: 10.16* Form of Performance-Based Restricted Stock Unit Agreement
−Removed: 10-Q 001-32224 10.1 6/1/2023
+Added: 10.12* Regrello Corp.
+Added: 2021 Equity Incentive Plan
+Added: S-8 333-290686 4.3 10/2/2025
+Added: 10.13* Informatica Inc.
+Added: 2021 Equity Incentive Plan
+Added: S-8 333-291622 4.3 11/18/2025
10.14* Form of Change of Control and Retention Agreement as entered into with Marc Benioff
4 unchanged sentences
10-K 001-32224 10.16 3/5/2020
−Removed: 10.20* Retention Agreement, dated February 10, 2021, between the Registrant and Brian Millham
+Added: 10.17*+ Aircraft Time Sharing Agreement, dated July 21, 2025, between the Registrant and Marc Benioff
10-Q 001-32224 10.3 9/4/2025
−Removed: 10.21* Aircraft Time Sharing Agreement, dated March 17, 2020, between the Registrant and Marc Benioff
−Removed: 10-K 001-32224 10.17 3/17/2021
10.18* Non-Employee Director Compensation Program
+Added: 10-K 001-32224 10.22 3/5/2025
10.19* Offer Letter, dated June 8, 2023, between the Registrant and Sabastian Niles
10-Q 001-32224 10.6 5/30/2024
−Removed: 10.24* Transition Agreement, dated August 28, 2024, between the Registrant and Amy Weaver
−Removed: 10-Q 001-32224 10.3 12/4/2024
10.20* Offer Letter, dated February 5, 2025, between the Registrant and Robin Washington
8-K 001-32224 10.1 2/5/2025
−Removed: 10.26* Amendment to Transition Agreement, dated March 4 , 2025, between the Registrant and Amy Weaver
−Removed: Herewith Incorporated by Reference
−Removed: Exhibit Description Form SEC File No.
−Removed: Exhibit Filing Date
10.21 Office Lease, dated April 10, 2014, between the Registrant and Transbay Tower LLC
2 unchanged sentences
10-Q 001-32224 10.2 11/26/2014
−Removed: 10.29 Credit Agreement, dated as of October 31, 2024, by and among the Re gistrant, the lenders and issuing lenders party thereto, and Bank of America, N.A., as Administrative Agent
+Added: 10.23 Credit Agreement, dated as of October 31, 2024, by and among the Registrant, the lenders and issuing lenders party thereto, and Bank of America, N.A., as Administrative Agent
8-K 001-32224 10.1 11/5/2024
+Added: 10.24 364-Day Credit Agreement, dated as of June 20, 2025, by and among the Company, the lenders and other parties party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent
+Added: 8-K 001-32224 10.1 6/24/2025
+Added: 10.25 Three-Year Credit Agreement, dated as of June 20, 2025, by and among the Company, the lenders and other parties party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent
+Added: 8-K 001-32224 10.2 6/24/2025
+Added: Herewith Incorporated by Reference
+Added: Exhibit Description Provided
+Added: Herewith Form SEC File No.
+Added: Exhibit Filing Date
19 Insider Trading Policy
+Added: 10-K 001-32224 19 3/5/2025
21.1 List of Subsidiaries
2 unchanged sentences
31.1 Certification of Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a) or 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: 31.2 Certification of Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a) or 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: 32.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.
+Added: 31.2 Certification of Chief Operating and Financial Officer pursuant to Exchange Act Rule 13a-14(a) or 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
+Added: 32.1 Certification of Chief Executive Officer and Chief Operating and Financial Officer pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: 97.1 Executive Officer Incent ive Compensation Recovery Policy
+Added: 97.1 Executive Officer Incentive Compensation Recovery Policy
10-K 001-32224 97.01 3/6/2024
99.1 Cash Severance Limitation Policy
+Added: 10-K 001-32224 99.1 3/5/2025
101.INS Inline XBRL Instance Document
6 unchanged sentences
* Indicates a management contract or compensatory plan or arrangement.
+Added: + Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
1 unchanged sentence
Salesforce, Inc.
−Removed: /s/ A MY W EAVER
+Added: /s/ R OBIN W ASHINGTON
+Added: Robin Washington
President and
−Removed: Chief Financial Officer
+Added: Chief Operating and Financial Officer
(Principal Financial Officer)
7 unchanged sentences
POWER OF ATTORNEY AND SIGNATURES
−Removed: KNOW ALL PERSONS BY THESE PRESENT, that each person whose signature appears below constitutes and appoints Marc Benioff, Amy Weaver, Sundeep Reddy and Sabastian Niles, his or her attorney-in-fact, each with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorney-in-fact, or his or her substitute or substitutes, may do or cause to be done by virtue hereof.
+Added: KNOW ALL PERSONS BY THESE PRESENT, that each person whose signature appears below constitutes and appoints Marc Benioff, Robin Washington, Sundeep Reddy, Sabastian Niles and Scott Siamas, and each of them severally, his or her attorney-in-fact, each with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorney-in-fact, or his or her substitute or substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
/s/ Marc Benioff Chair of the Board and Chief Executive Officer (Principal Executive Officer) March 2, 2026
−Removed: /s/ Amy Weaver President and Chief Financial Officer (Principal Financial Officer) March 5, 2025
+Added: /s/ Robin Washington Director, President and Chief Operating and Financial Officer (Principal Financial Officer) March 2, 2026
+Added: Robin Washington
/s/ Sundeep Reddy Executive Vice President and Chief Accounting Officer (Principal Accounting Officer) March 2, 2026
2 unchanged sentences
March 2, 2026
+Added: /s/ Amy Chang Director
+Added: March 2, 2026
/s/ Craig Conway Director
5 unchanged sentences
Parker Harris
+Added: Kirk Director
+Added: March 2, 2026
/s/ Neelie Kroes Director
8 unchanged sentences
March 2, 2026
−Removed: Washington Director
−Removed: March 5, 2025
/s/ Maynard Webb Director
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.