Form 4: Freshworks Director Barry L. Padgett Reports Stock Transactions

Director Barry L. Padgett reports the acquisition and disposal of Freshworks Inc. Class A Common Stock and transactions involving Restricted Stock Units.

Summary

• On March 4, 2025, Barry L. Padgett, a director at Freshworks Inc., reported the acquisition of 785 shares of Class A Common Stock at $0 and the disposal of 785 shares at $16.05.
• Following these transactions, Padgett directly owns 26,957 shares of Class A Common Stock.
• On February 28, 2025, Padgett also reported transactions involving Restricted Stock Units (RSUs), converting 1,570 RSUs into Class B Common Stock and converting 785 Class B Common Stock into Class A Common Stock.
• After these transactions, Padgett holds 9,370 derivative securities of Class B Common Stock and 79,689 derivative securities of Class A Common Stock.
• The sales reported on Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted September 17, 2024.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the Restricted Stock Units and the automatic conversion feature of Class B Common Stock.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock value.
• The transactions have a minor impact on the overall float of Freshworks Inc. stock.

Key Dates