Form 4: Freshworks Director Jennifer H. Taylor Acquires Shares in Lieu of Cash Compensation

Director Jennifer H. Taylor acquired 597 shares of Freshworks Inc. Class A Common Stock on January 2, 2025, in lieu of cash compensation for the fourth quarter of 2024.

Summary

• On January 2, 2025, Jennifer H. Taylor, a director of Freshworks Inc., acquired 597 shares of Class A Common Stock.
• The acquisition was made in lieu of cash compensation under the Issuer's Non-Employee Director Compensation Policy.
• The grant reflects director compensation for the fourth quarter of 2024.
• The number of shares was calculated by dividing the applicable value of the equity by the average closing price of Freshworks' common stock over the 30 consecutive trading days immediately preceding January 1, 2025, rounded down to the nearest whole share.
• Following the transaction, Taylor directly owns 37,286 shares of Freshworks Inc. Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking equity instead of cash suggests confidence in the company's stock.

Positives

• A director taking equity in lieu of cash compensation can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Director compensation in the form of equity is a common practice in the tech industry, aligning director interests with those of shareholders.

Comparison to Industry Standards

• Many tech companies, such as Salesforce (CRM) and Atlassian (TEAM), offer equity-based compensation to their directors.
• The amount of equity granted to directors varies based on company size, performance, and industry benchmarks.
• Comparing Freshworks' director compensation policy to those of its peers would provide a more comprehensive assessment.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's stock performance.

Key Dates