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

• On July 28, 2024, Barry L. Padgett, a director of Freshworks Inc., reported transactions related to the company's stock.
• These transactions involve the vesting of 1,560 Restricted Stock Units (RSUs) which convert into Class B Common Stock.
• Padgett also reported holding 20,310 shares of Class B Common Stock and 74,999 shares of Class A Common Stock.
• The RSUs vest in monthly installments following August 28, 2021, contingent on continued service and a qualifying event like an IPO or sale event within 10 years of the grant date.
• Class B Common Stock converts automatically to Class A Common Stock upon sale or transfer, with some exceptions, or at the holder's option.

Sentiment

Score: 5

Explanation: This is a neutral document reporting stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is standard practice for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Key Dates