Form 4: Freshworks CFO Tyler Sloat Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Freshworks' Chief Financial Officer, Tyler Sloat, reports the disposal of shares to cover tax obligations related to the settlement of Restricted Stock Units.
Summary
- On May 1, 2024, Tyler Sloat, the CFO of Freshworks Inc., disposed of shares of Class A Common Stock to cover tax withholding obligations.
- A total of 24,920 shares were disposed of at a price of $18.25 per share.
- Following these transactions, Sloat directly owns 896,059 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates the CFO's disposal of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: disposal of Class A Common Stock for tax obligations. |
| 05/03/2024 | Date of signature by Attorney-in-Fact. |
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