Form 4: Freshworks Director Barry L. Padgett Reports Stock Transactions
SEC Form 4
Director Barry L. Padgett reports acquisition and disposal of Freshworks Inc. stock, including transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On April 1, 2025, Barry L. Padgett, a director at Freshworks Inc., reported transactions involving the company's stock.
- Padgett acquired 780 shares of Class A Common Stock at $0 and disposed of 780 shares at $14.09.
- Following these transactions, Padgett directly owns 26,957 shares of Class A Common Stock.
- Padgett also reported the vesting of 1,560 Restricted Stock Units (RSUs) which convert into Class B Common Stock.
- Additionally, 780 shares of Class B Common Stock were converted to Class A Common Stock.
- After these transactions, Padgett holds 80,469 shares of Class A Common Stock through conversions from Class B Common Stock and 7,810 shares of Class B Common Stock through RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate 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, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within Freshworks.
Stakeholder Impact
- The reported transactions provide shareholders with insight into the director's investment activities, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/28/2021 | Start date for RSU vesting over 48 months. |
| 09/17/2024 | Date of adoption of Rule 10b5-1 trading plan. |
| 03/28/2025 | Date of RSU vesting and conversion of Class B Common Stock. |
| 04/01/2025 | Date of stock acquisition and disposal, and conversion of Class B Common Stock. |
| 08/04/2031 | Expiration date of Restricted Stock Units. |
Keywords
Freshworks, FRSH, Barry L. Padgett, Form 4, Stock Transactions, Class A Common Stock, Class B Common Stock, Restricted Stock Units, Director, Beneficial Ownership
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