Form 4: Freshworks Director Flower Reports Stock Transactions

Director Johanna Flower reports the vesting and conversion of restricted stock units into Class B and Class A common stock of Freshworks Inc.

Summary

• On August 1, 2024, Johanna Flower, a director of Freshworks Inc., reported transactions involving restricted stock units (RSUs) and Class B Common Stock.
• 1,560 Restricted Stock Units vested and were converted into 1,560 shares of Class B Common Stock.
• Simultaneously, 1,560 shares of Class B Common Stock were converted into Class A Common Stock.
• Following these transactions, Flower directly owns 20,310 shares of Class B Common Stock and 166,490 shares of Class A Common Stock.
• The vesting of the RSUs is contingent upon continued service and either an IPO or a Sale Event within 10 years of the grant date (September 2, 2021).
• Class B Common Stock is convertible into Class A Common Stock under certain conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey 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 transactions in the company's stock. It's a standard practice for publicly traded companies like Freshworks.

Stakeholder Impact

• The transactions reported in this filing provide transparency to shareholders regarding the stock ownership of a key company director.

Key Dates