Form 4: Freshworks CEO Dennis Woodside Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Freshworks CEO Dennis Woodside disposed of shares to cover tax withholding obligations related to the settlement of Restricted Stock Units.
Summary
- On September 1, 2024, Dennis Woodside, CEO and President of Freshworks Inc., disposed of Class A Common Stock to satisfy tax withholding obligations.
- A total of 54,878 shares were disposed of at a price of $11.68 per share.
- An additional 15,515 shares were disposed of at the same price.
- Following these transactions, Woodside directly owns 1,497,173 shares of Class A Common Stock.
- Woodside also indirectly owns 278,027 shares through The Woodside 2012 Irrevocable Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as executives and directors. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is primarily driven by tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock disposal for tax withholding. |
| 09/04/2024 | Date of signature by Attorney-in-Fact. |
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