[Form 4] Informatica Inc. Insider Trading Activity
Informatica Inc. completed its merger with Salesforce, Inc., after which Informatica became a wholly owned subsidiary of Salesforce. At the effective time of the merger, each share of Informatica Class A common stock held by the reporting person was converted into the right to receive $25.00 in cash, without interest.
The reporting person, a director and chair, disposed of 468,874 Class A shares held directly and 614,583 Class A shares held indirectly through a trust, leaving zero shares beneficially owned. In addition, all restricted stock units were cancelled and converted into cash based on the same $25.00 per share consideration.
Outstanding stock options with exercise prices below the $25.00 merger consideration, covering 56,818, 33,144 and 198,863 Class A shares, were cancelled and converted into cash rights equal to the merger consideration per underlying share, less the total exercise price and applicable tax withholdings.
- None.
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Insights
Informatica’s merger with Salesforce cashes out this insider’s equity at $25 per share.
The filing shows how a completed cash merger between Informatica Inc. and Salesforce, Inc. affected one director’s holdings. Each Class A common share was converted into the right to receive
Equity awards were treated consistently with a typical all-cash acquisition. All restricted stock units were cancelled and converted into the right to the same
For investors, the mechanics confirm that, in this transaction, common shareholders and equity award holders receive cash rather than ongoing exposure to Informatica as a public company. Any future value participation would come through Salesforce, which now owns Informatica as a wholly owned subsidiary, rather than through INFA shares or options.
FAQ
What does this Form 4 filing for Informatica (INFA) show?
This Form 4 shows how a director and chair of Informatica Inc. disposed of all Class A common shares and equity awards in connection with the company’s merger with Salesforce, Inc., receiving cash based on a $25.00 per share merger price.
What was the cash price per Informatica share in the Salesforce merger?
Each share of Informatica Class A common stock held by the reporting person was converted into the right to receive $25.00 in cash per share, without interest.
How many Informatica shares did the reporting person dispose of in this transaction?
The reporting person disposed of 468,874 Class A shares held directly and 614,583 Class A shares held indirectly through a trust, resulting in zero Class A shares reported as beneficially owned after the merger.
What happened to the restricted stock units (RSUs) held by the Informatica insider?
Each outstanding restricted stock unit held by the reporting person was cancelled at the merger effective time and converted into the right to receive the $25.00 cash merger consideration for each underlying share of Class A common stock.
How were Informatica stock options treated in the Salesforce acquisition?
Each in-the-money stock option (exercise price below $25.00) held by the reporting person, covering 56,818, 33,144 and 198,863 Class A shares, was cancelled and converted into the right to receive the cash merger consideration per underlying share, minus the total exercise price and applicable tax withholdings.
Does the reporting person still own any Informatica (INFA) shares after the merger?
No. Following the reported transactions, the Form 4 shows zero Class A common shares beneficially owned by the reporting person, as all direct and indirect holdings were converted into cash under the merger terms.