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

Director Barry L. Padgett reports transactions involving Freshworks Inc. stock, including the vesting of Restricted Stock Units (RSUs) and conversion of Class B Common Stock to Class A Common Stock.

Summary

• Barry L. Padgett, a director at Freshworks Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• The report includes the vesting of 1,560 Restricted Stock Units (RSUs) on January 28, 2025, which convert into Class B Common Stock.
• These RSUs are part of an award granted earlier and vest monthly over 48 months following August 28, 2021, contingent on continued service and a qualifying event like an IPO or sale.
• The report also notes the conversion of 1,560 shares of Class B Common Stock into Class A Common Stock on the same date.
• Following these transactions, Padgett directly owns 10,940 shares of Class B Common Stock and 79,684 shares of Class A Common Stock.
• Pamela Sergeeff, Attorney-in-Fact, signed the report on January 30, 2025.

Sentiment

Score: 5

Explanation: This is a routine filing of stock transactions by a company director, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates