INFA executive equity and options converted in Salesforce $25 cash deal
Rhea-AI Filing Summary
Informatica Inc. (INFA) executive EVP & Chief Revenue Officer reported the completion of merger-related equity transactions with Salesforce. On 11/18/2025, all 309,204 shares of Class A common stock beneficially owned by the reporting person were disposed of and converted into the right to receive $25.00 in cash per share under the merger agreement, leaving zero non-derivative shares owned afterward. The filing notes that Informatica merged with a Salesforce subsidiary and became a wholly owned subsidiary of Salesforce.
The report also shows the disposition of stock options for 247,602 shares with a $20 exercise price, which were cancelled at the effective time and converted into the right to receive the same cash merger consideration per underlying share, less the aggregate exercise price and applicable tax withholdings. Outstanding restricted stock units held by the executive were converted into Salesforce restricted stock unit awards based on a conversion ratio defined in the merger agreement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 247,602 | $0.00 | -- |
| Disposition | Class A Common Stock | 309,204 | $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.
