Form 4: Freshworks CEO Sells Shares for Tax Obligations
Insider Transaction Report
Freshworks Inc. CEO and President Dennis Woodside disposed of 98,248 Class A Common Stock shares valued at $1.16 million to cover tax withholdings related to RSU vesting.
Summary
- Dennis Woodside, CEO and President of Freshworks Inc., reported the disposition of 98,248 shares of Class A Common Stock.
- The transactions occurred on December 1, 2025, at a price of $11.85 per share.
- The total value of the disposed shares is approximately $1,164,826.80.
- These dispositions were made to satisfy tax withholding obligations arising from the vesting of previously granted Restricted Stock Units (RSUs).
- The RSUs vested were granted on September 1, 2022, March 1, 2024, and March 1, 2025.
- Following these transactions, Dennis Woodside directly holds 2,013,269 shares of Class A Common Stock.
- Additionally, 278,027 shares are indirectly held through The Woodside 2012 Irrevocable Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a mandatory tax-related disposition of shares following RSU vesting, which is a common and non-discretionary event for executives.
Positives
- The transaction is a routine tax withholding event, indicating the vesting of previously granted equity awards to the CEO, which is a form of compensation.
Negatives
- The disposition of shares, while for tax purposes, represents a reduction in the CEO's direct beneficial ownership of company stock.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This is a routine insider transaction filing (Form 4) and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard executive compensation practices involving Restricted Stock Units (RSUs) and subsequent tax obligations upon vesting.
Stakeholder Impact
- Shareholders: The transaction is a routine tax-related sale by an executive and is unlikely to have a significant direct impact on shareholder value or perception. It reflects a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-09-01 | Grant date of RSUs, some of which vested and led to tax withholding. |
| 2024-03-01 | Grant date of RSUs, some of which vested and led to tax withholding. |
| 2025-03-01 | Grant date of RSUs, some of which vested and led to tax withholding. |
| 2025-12-01 | Date of transaction where shares were disposed for tax withholding. |
| 2025-12-02 | Date the Form 4 was signed and filed. |
Keywords
Freshworks, FRSH, Dennis Woodside, Insider Transaction, Form 4, Stock Sale, Tax Withholding, RSU Vesting, Class A Common Stock
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