Form 4: Informatica Director Sells Shares Post-Salesforce Merger

Informatica Director Jill A Ward disposed of all Class A Common Stock, RSUs, and stock options following the company's merger with Salesforce, Inc. for $25.00 per share.

Summary

• Informatica Inc. merged with Phoenix I Merger Sub, Inc., a wholly-owned subsidiary of Salesforce, Inc., on November 18, 2025, making Informatica a wholly-owned subsidiary of Salesforce.
• Jill A Ward, a Director of Informatica Inc., disposed of 48,845 shares of Class A Common Stock.
• Each share of Informatica's Class A Common Stock held by the Reporting Person was converted into the right to receive $25.00 in cash.
• Outstanding Restricted Stock Units (RSUs) held by the Reporting Person were cancelled and converted into the right to receive $25.00 in cash per share.
• In-the-Money Stock Options (exercise price less than $25.00) held by the Reporting Person were cancelled and converted into cash, calculated as the Merger Consideration less the exercise price.
• A stock option with an exercise price of $20, covering 50,000 shares, was disposed of as part of the merger terms.

Sentiment

Score: 7

Explanation: The sentiment is positive as the merger successfully completed, providing a cash payout to shareholders and option holders. However, it marks the end of Informatica as an independent public company.

Positives

• The successful completion of the merger provides liquidity to Informatica shareholders and option holders.
• Shareholders received a cash consideration of $25.00 per share for their Class A Common Stock.
• In-the-money stock options were cashed out, providing value to option holders.

Negatives

• Informatica Inc. ceased to be an independent publicly traded company.
• The reporting person no longer holds any equity or derivative securities in the former Informatica Inc.

Future Outlook

The filing reports the completion of a merger, resulting in Informatica Inc. becoming a wholly-owned subsidiary of Salesforce, Inc. As such, there are no forward-looking statements for Informatica as an independent public entity.

Industry Context

This transaction reflects the ongoing consolidation within the enterprise software and data management industry, where larger technology companies like Salesforce acquire specialized platforms to enhance their product offerings and market reach.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: Received cash consideration of $25.00 per share, providing liquidity and a return on investment.
• Employees: Will be integrated into Salesforce's organizational structure, potentially impacting roles, benefits, and corporate culture.
• Customers: Will now interact with Informatica as a Salesforce subsidiary, potentially leading to changes in product integration, support, and sales channels.
• Suppliers: Will now be dealing with Informatica under Salesforce's procurement and partnership frameworks.

Next Steps

• Integration of Informatica's operations and technologies into Salesforce, Inc.

Key Dates

Keywords

Merger, Acquisition, Salesforce, Informatica, Form 4, Insider Transaction, Director, Stock Sale, Cash Out, Equity Disposal