INFA Form 4 shows officer’s shares and options settled in Salesforce deal
Rhea-AI Filing Summary
Informatica Inc. (INFA) reported insider equity changes tied to its merger with Salesforce. On 11/18/2025, the company merged with a Salesforce subsidiary, making Informatica a wholly owned subsidiary of Salesforce. At the merger’s effective time, each share of Informatica Class A common stock held by the reporting officer, the Chief Accounting Officer, was converted into the right to receive $25.00 in cash per share, without interest. The officer disposed of 43,851 Class A shares, leaving no Informatica common stock beneficially owned.
The filing also shows all reported Informatica stock options and restricted stock units were adjusted or cashed out under the merger terms. Outstanding RSUs were converted into RSUs over Salesforce common stock using a merger-defined conversion ratio. In-the-money options with exercise prices below $25.00 were cancelled and converted into the right to receive the cash merger consideration for each underlying share, reduced by the applicable total exercise price and tax withholdings, resulting in no remaining Informatica stock options for the officer.
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Insights
Officer’s Informatica equity is fully cashed out or converted due to the Salesforce merger.
This Form 4 details how the Salesforce acquisition affected an Informatica officer’s equity. The officer’s 43,851 Class A shares were disposed of in connection with the merger and converted into the right to receive $25.00 in cash per share, aligning with the merger consideration for common shareholders. After these transactions, the officer no longer beneficially owns Informatica common stock.
The filing also explains treatment of equity awards. Informatica restricted stock units held by the officer were converted into RSUs over Salesforce common stock based on a conversion ratio set in the merger agreement. In-the-money options with exercise prices below $25.00—including grants over 1,312, 1,077, and 408 shares—were cancelled at the effective time and turned into a cash right based on the merger price, net of the aggregate exercise price and applicable tax withholdings.
Because these mechanics directly reflect previously agreed merger terms, they mainly confirm how existing equity was settled rather than introducing new economic terms. Subsequent Salesforce and Informatica disclosures may provide broader context on integration and ongoing equity programs for management teams.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 1,312 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 1,077 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 408 | $0.00 | -- |
| Disposition | Class A Common Stock | 43,851 | $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.
