FRSH.NASDAQFreshworks INC

Form 4: Freshworks CFO Tyler Sloat Reports Tax Withholding Share Disposals

Sentiment:

SEC Form 4 Filing

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Tyler Sloat, CFO of Freshworks Inc., reports the disposal of shares to cover tax withholding obligations related to the settlement of Restricted Stock Units.

Summary

  • On November 1, 2024, Tyler Sloat, the Chief Financial & Operating Officer of Freshworks Inc., reported the disposal of Class A Common Stock to cover tax obligations.
  • A total of 17,946 shares were disposed of at a price of $12.05 per share to satisfy tax withholding requirements related to the settlement of Restricted Stock Units.
  • Following the transactions, Sloat directly owns 825,903 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine tax-related share disposals and doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the CFO's share disposal 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 and does not indicate a change in the CFO's confidence in the company.

Key Dates

DateDescription
October 15, 2024Date of execution for the Power of Attorney.
November 01, 2024Date of the reported transactions (share disposals for tax withholding).
November 05, 2024Date of signature for the report.

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