INFA insider reports full cash-out of shares and options in Salesforce merger
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
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 $25.00 in cash, and the director’s direct and trust-held positions (468,874 and 614,583 shares, respectively) were fully disposed, leaving no remaining beneficial ownership reported.
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 $25.00 per underlying share. Stock options with exercise prices below the merger consideration covering 56,818, 33,144 and 198,863 underlying shares were cancelled and converted into cash equal to the merger price per share minus the aggregate exercise price, subject to tax withholdings.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 56,818 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 33,144 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 198,863 | $0.00 | -- |
| Disposition | Class A Common Stock | 468,874 | $0.00 | -- |
| Disposition | Class A Common Stock | 614,583 | $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 cancelled and converted into the right to the Merger Consideration in respect of each share of Class A Common Stock subject to such RSU. 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 and unexercised immediately before the Effective Time, whether or not vested, 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 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 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.