Form 4: Freshworks CFO Tyler Sloat Reports Stock Transactions

Tyler Sloat, CFO of Freshworks Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

• On March 13, 2024, Tyler Sloat, the CFO of Freshworks Inc., engaged in transactions involving the company's stock.
• Sloat acquired 23,759 shares of Class A Common Stock at $0.
• Concurrently, Sloat disposed of 23,759 shares of Class A Common Stock at $18.74 to cover tax obligations.
• These transactions resulted in Sloat holding 920,979 shares of Class A Common Stock following the reported transactions.
• Additionally, Sloat exercised Restricted Stock Units, converting them into 46,880 shares of Class B Common Stock, and then into Class A Common Stock.
• Following these transactions, Sloat holds 546,855 shares of Class A Common Stock related to converted Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CFO, and provides transparency into their trading activities in the company's stock. It's a standard practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives who receive stock-based compensation.
• Similar filings can be observed for executives at comparable SaaS companies like Salesforce (CRM), Zoom (ZM), and Atlassian (TEAM).

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
• The tax withholding obligation impacts the CFO's personal finances.

Key Dates