Informatica (INFA) officer reports cash-out, RSU and option treatment
Rhea-AI Filing Summary
Informatica Inc. executive reports equity conversion tied to Salesforce merger. The company’s EVP & Chief Customer Officer filed a Form 4 showing that, at the November 18, 2025 merger effective time, each share of Informatica Class A common stock held was converted into the right to receive $25.00 in cash, without interest. Restricted stock units were converted into Salesforce restricted stock units based on a conversion ratio defined in the merger agreement. Stock options with exercise prices below $25.00 were canceled and converted into a cash right equal to the merger consideration per underlying share, reduced by the aggregate exercise price and applicable tax withholdings. Following these transactions, the filing reports no remaining Informatica Class A shares or options beneficially owned by the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 100,000 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 300,000 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 17,251 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 6,852 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 27,469 | $0.00 | -- |
| Disposition | Class A Common Stock | 355,111 | $0.00 | -- |
Footnotes (1)
- Pursuant to that certain Agreement and Plan of Merger, dated as of May 26, 2025 (the "Merger Agreement"), by and among the Issuer, Salesforce, Inc., a Delaware corporation ("Salesforce"), and Phoenix I Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Salesforce ("Merger Sub"), on November 18, 2025 (the "Effective Time"), the Issuer merged with and into Merger Sub (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Salesforce. At the Effective Time, each share of the Issuer's Class A Common Stock held by the Reporting Person was converted into the right to receive $25.00 in cash, without interest (the "Merger Consideration"). Pursuant to the terms of the Merger Agreement, at the Effective Time, each outstanding restricted stock unit ("RSU") held by the Reporting Person was assumed and converted into a restricted stock unit award with respect to a number of shares of Salesforce common stock (rounded to the nearest whole share) determined by multiplying the number of shares of Class A Common Stock subject to the RSU by the conversion ratio determined in accordance with the Merger Agreement (the "conversion ratio"). At the Effective Time, each option to purchase Class A Common that had a per share exercise price that is less than the Merger Consideration (an "In-the-Money Option") held by the Reporting Person that was outstanding, vested and unexercised immediately before the Effective Time was cancelled and converted into the right to receive the Merger Consideration in respect of each share of Class A Common Stock covered by such In-the-Money Option, less a number of shares having a value equal to the total exercise price applicable to such option, without interest and less applicable tax withholdings.
FAQ
What does the INFA Form 4 filing disclose about the Salesforce merger?
The filing shows that at the November 18, 2025 merger effective time, each share of Informatica Class A common stock held by the reporting executive was converted into the right to receive $25.00 in cash, without interest, under the merger with Salesforce.
What happened to the executive’s Informatica stock options in the Salesforce deal?
Each option to purchase Informatica Class A common stock with an exercise price below $25.00 was canceled at the effective time and converted into a right to receive the merger cash consideration per underlying share, reduced by the aggregate exercise price and applicable tax withholdings.
How were Informatica restricted stock units treated in the INFA–Salesforce merger?
Outstanding Informatica restricted stock units held by the executive were assumed and converted into restricted stock unit awards for Salesforce common stock, based on a conversion ratio defined in the merger agreement.
Who is the reporting person in this INFA Form 4 filing?
The reporting person is an Informatica Inc. officer serving as EVP & Chief Customer Officer, who reported changes in holdings due to the merger with Salesforce.
Was the INFA Form 4 filed for one or multiple reporting persons?
The Form 4 was filed as a Form filed by One Reporting Person, indicating it covers only this individual executive’s holdings.