Form 4: Freshworks CFO Tyler Sloat Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Tyler Sloat, CFO of Freshworks Inc., disposed of Class A Common Stock to cover tax withholding obligations related to the settlement of Restricted Stock Units.
Summary
- On September 1, 2024, Tyler Sloat, the Chief Financial & Operating Officer of Freshworks Inc., disposed of Class A Common Stock to satisfy tax withholding obligations.
- A total of 6,206 shares were disposed of at a price of $11.68 per share.
- An additional 11,822 shares were disposed of at the same price of $11.68 per share.
- Following these transactions, Sloat directly owns 843,849 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports routine stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock disposal transactions. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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