It is not clear exactly who received the stock though a representative for Salesforce said that the equity was issued "in relation to an acquisition."
Analysts familiar with Salesforce said that it's most likely related to the acquisition of Attic Labs, an early stage startup that Salesforce quietly acquired on January 8. The deal officially closed on Tuesday, but Salesforce has not disclosed the financial terms of the acquisition.
It's possible that the equity was just one portion of the Attic Labs acquisition and that there was also a cash component.
Attic Labs was a San Francisco-based company founded in 2015. The startup created a decentralized database and collaboration platform for managing large amounts of data. The company had raised $8.1 million in a series A led by Greylock Partners, according to Crunchbase.
It's the only publicly-known acquisition Salesforce has made in 2018. The most recent acquisition before that was in January 2017.
Salesforce will start using Noms — the open source database developed by Attic Labs — to "extend Quip's ability to connect live data sources, making it easier for people to collaborate faster and more effectively," Attic Labs wrote in its announcement.