Form 4: CPPIB Sells Informatica Shares Post-Merger

Canada Pension Plan Investment Board reports the sale of over 64 million Informatica Class A shares and 88 million Class B shares following the closing of a merger involving Salesforce.

Summary

• Canada Pension Plan Investment Board (CPPIB) disposed of 64,379,838 shares of Informatica Inc. Class A Common Stock at $25 per share.
• CPPIB also disposed of 44,049,523 shares of Class B-1 Common Stock and 44,049,523 shares of Class B-2 Common Stock.
• The transactions occurred on November 18, 2025, at the closing of a merger involving Informatica Inc., Salesforce, Inc., and Phoenix I Merger Sub, Inc.
• The merger agreement was dated May 26, 2025.
• CPPIB is identified as a 10% owner of Informatica Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a mandatory transaction following a merger, indicating a neutral sentiment as it simply reports a factual event without implying positive or negative performance for the reporting person or the issuer post-merger.

Positives

• The sale of Class A Common Stock occurred at a price of $25 per share, indicating the merger consideration for these shares.

Negatives

• The Class B-2 Common Stock was disposed of for a nominal consideration of $0.0001 per share (rounded up from $0), which might represent a very low or no value for this specific class in the merger context.

Future Outlook

NA

Industry Context

This transaction reflects the finalization of a significant merger in the enterprise software and data management sector, where Informatica, a leader in data integration and management, is being acquired by Salesforce, a major cloud-based software company. Such mergers often lead to consolidation and strategic realignments within the industry.

Stakeholder Impact

• Shareholders of Informatica Inc. (including CPPIB) have had their shares converted or acquired as part of the merger, impacting their investment holdings.

Key Dates

Keywords

Informatica Inc., INFA, Canada Pension Plan Investment Board, CPPIB, Salesforce, Merger, Form 4, Insider Transaction, Stock Sale, Beneficial Ownership