INFA Form 4 details Salesforce cash merger at $25.00 a share
Rhea-AI Filing Summary
Informatica Inc. director reports equity conversion in Salesforce merger. A reporting person for Informatica Inc. (INFA) filed a Form 4 detailing the closing of a merger in which Informatica became a wholly owned subsidiary of Salesforce, Inc. On November 18, 2025, 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. At the same time, all restricted stock units were cancelled and converted into the right to receive the same cash amount for each underlying share. In-the-money stock options, with exercise prices below the $25.00 cash consideration, were also cancelled and converted into a cash right equal to the merger consideration per share, less the aggregate exercise price and applicable tax withholdings. Following these transactions, the reporting person no longer holds Informatica common stock or related stock options.
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Insights
Form 4 confirms cash-out of Informatica equity at $25.00 per share in Salesforce merger.
This filing shows how a director’s Informatica equity was treated when the company merged with a Salesforce subsidiary. At the effective time on November 18, 2025, each Class A common share held by the reporting person was converted into a right to receive $25.00 in cash, so their direct stock position was effectively cashed out.
The filing also explains the treatment of equity awards. All outstanding restricted stock units were cancelled and converted into the right to the same per‑share cash consideration. In‑the‑money stock options, with per share exercise prices below $25.00, were cancelled and converted into a cash right equal to the merger consideration per underlying share, less the total exercise price and tax withholdings. As reported, both non‑derivative and derivative holdings are now shown as zero, reflecting full conversion into cash rights.
For investors, this confirms that the merger consideration for this insider’s equity is entirely in cash and that no Informatica equity awards remain outstanding for this reporting person after the transaction. The economic outcome for other holders depends on their own share and award positions under the same merger terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 15,000 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 5,319 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 5,319 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 82,978 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 22,340 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 37,234 | $0.00 | -- |
| Disposition | Class A Common Stock | 198,845 | $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 transaction involving Informatica Inc. (INFA) does this Form 4 report?
This Form 4 reports how a director’s Informatica Inc. (INFA) equity was converted in connection with a merger where Informatica merged into a Salesforce subsidiary and became a wholly owned subsidiary of Salesforce, Inc..
How were Informatica (INFA) restricted stock units treated in the Salesforce merger?
All outstanding restricted stock units (RSUs) held by the reporting person were cancelled at the effective time and converted into the right to receive the $25.00 cash merger consideration for each underlying share of Class A common stock.
What happened to the Informatica (INFA) stock options held by the reporting person?
Each in-the-money stock option—with a per share exercise price below the $25.00 merger consideration—was cancelled and converted into the right to receive cash equal to the merger consideration per underlying share, less the total exercise price and applicable tax withholdings.
What is the effective date of the Informatica (INFA) and Salesforce merger described here?
The merger became effective on November 18, 2025, which is referred to as the Effective Time in the explanation of responses.