INFA Form 4: CPP Investment Board reports full share sale in Salesforce deal

Rhea-AI Filing Summary

Canada Pension Plan Investment Board, a director and major owner of Informatica Inc. (INFA), reported the sale of its Informatica shares at the closing of a merger with Salesforce under an Agreement and Plan of Merger dated May 26, 2025. The filing shows the disposition of 64,379,838 shares of Class A common stock at $25 per share, leaving the reporting person with zero Class A shares beneficially owned afterward. It also describes Class B-1 and Class B-2 common stock that were convertible into Class A shares, notes that these classes have no expiration date, and states that the per share merger consideration for each share of Class B-2 common stock was $0.0000100115. Certain Class B-2 shares were held by 13381986 Canada Inc., which agreed to vote and transfer those shares as directed by the reporting person, though the reporting person disclaimed any pecuniary interest in those shares.

Positive

• Merger consideration for Class A shares set at $25 per share, with 64,379,838 shares disposed of at closing, confirming a cash exit price for this large ownership block.

Negative

• None.

Insights

M&A and equity ownership analyst

Form 4 confirms a major shareholder’s full exit as Informatica is acquired for cash.

This Form 4 shows Canada Pension Plan Investment Board, a director and large shareholder of Informatica, disposing of all its Class A common stock in connection with Informatica’s merger with Salesforce. The transaction code J and the narrative clarify that the sale occurred at the merger closing under the May 26, 2025 Agreement and Plan of Merger.

The filing specifies that 64,379,838 Class A shares were sold at $25 per share, reducing the reporting person’s Class A beneficial ownership to zero. It also explains the mechanics of the Class B‑1 and Class B‑2 common stock, including one‑for‑one convertibility into Class A under specified directions and a per‑share merger consideration of $0.0000100115 for Class B‑2.

For Informatica shareholders, this confirms that the merger consideration included a cash payment of $25 per Class A share and a very small cash amount for each Class B‑2 share. Subsequent company communications and filings would typically describe any post‑closing steps, but this report focuses on the reporting person’s change in beneficial ownership at the merger closing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CANADA PENSION PLAN INVESTMENT BOARD

(Last) (First) (Middle)

ONE QUEEN STREET EAST

STE 2500

(Street)

TORONTO A6 M5C 2W5

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Informatica Inc. [ INFA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/18/2025		J(1)		64,379,838	D	$25	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B-1 Common Stock	$0(2)	11/18/2025		J(1)			44,049,523	(2)	(2)	Class A Common Stock	44,049,523(2)	$25	0	D
Class B-2 Common Stock	$0(2)	11/18/2025		J(1)			44,049,523	(2)	(2)	Class A Common Stock	0(2)	$0.0001(3)	0	I	See footnote(4)

Explanation of Responses:

1. The shares reported on this form were sold at the closing of a merger involving the issuer pursuant to that certain Agreement and Plan of Merger, dated as of May 26, 2025, by and among Informatica Inc., Salesforce, Inc. and Phoenix I Merger Sub, Inc.

2. Each share of Class B-1 Common Stock of Informatica Inc. is convertible into one share of Class A Common Stock of Informatica Inc. at any time at the option of the reporting person so long as the reporting person directs a holder of shares of Class B-2 Common Stock of Informatica Inc. to transfer an equal number of shares of Class B-2 Common Stock to the issuer. The Class B-1 Common Stock and Class B-2 Common Stock of Informatica Inc. have no expiration date.

3. This amount has been rounded up. The per share merger consideration for each share of Class B-2 Common Stock of Informatica Inc. is $0.0000100115.

4. The shares of Class B-2 Common Stock reported on this Form were held directly by 13381986 Canada Inc., which is not an affiliate of the reporting person. 13381986 Canada Inc. agreed to vote and transfer its shares of Class B-2 Common Stock of Informatica Inc. as (and only as) directed by the reporting person, and accordingly, the reporting person may be deemed to beneficially own such shares held by 13381986 Canada Inc. The reporting person disclaims any pecuniary interest in any shares of Class B-2 Common Stock.

	Canada Pension Plan Investment Board By: /s/ Pierre Abinakle, Managing Director, Head of Compliance	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction does this Form 4 report for Informatica Inc. (INFA)?

It reports that Canada Pension Plan Investment Board, a director and major owner of Informatica Inc., disposed of its Informatica shares at the closing of a merger with Salesforce under a May 26, 2025 Agreement and Plan of Merger.

How many Informatica Class A shares were sold and at what price?

The filing shows the disposition of 64,379,838 shares of Class A common stock at a price of $25 per share, leaving the reporting person with no Class A shares beneficially owned afterward.

What does the Form 4 say about Informatica Class B-1 and Class B-2 common stock?

It explains that each share of Class B-1 Common Stock was convertible into one share of Class A Common Stock if the reporting person directed a holder of Class B-2 Common Stock to transfer an equal number of Class B-2 shares to the issuer, and that both Class B-1 and Class B-2 had no expiration date.

What merger consideration was paid for Informatica Class B-2 common stock?

The filing states that the per share merger consideration for each share of Class B-2 Common Stock of Informatica Inc. was $0.0000100115, and notes that this amount was rounded up for reporting.

Who held the Class B-2 shares referenced and what was the reporting person’s interest?

The Class B-2 Common Stock was held directly by 13381986 Canada Inc., which agreed to vote and transfer its shares as directed by the reporting person. The reporting person may be deemed to beneficially own those shares for reporting purposes but disclaimed any pecuniary interest in them.

What is the relationship of Canada Pension Plan Investment Board to Informatica?

The form identifies Canada Pension Plan Investment Board as a director of Informatica Inc. and not a 10% owner after the reported transactions, with the Form 4 filed by one reporting person.