Form 4: Freshworks Director Jennifer H. Taylor Receives Stock Grant in Lieu of Cash Compensation

Jennifer H. Taylor, a director at Freshworks Inc., acquired 836 shares of Class A Common Stock on October 1, 2024, as a grant in lieu of cash compensation for her services in the third quarter of 2024.

Summary

• On October 1, 2024, Jennifer H. Taylor, a director at Freshworks Inc., acquired 836 shares of Class A Common Stock.
• The acquisition was a grant of fully-vested restricted stock received in lieu of cash compensation under the Issuer's Non-Employee Director Compensation Policy.
• The grant reflects director compensation for the third 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 October 1, 2024, rounded down to the nearest whole share.
• Following the transaction, Taylor directly owns 36,689 shares of Freshworks Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director accepting stock in lieu of cash suggests confidence in the company's prospects, but it's a routine transaction.

Positives

• The director's decision to take stock in lieu of cash compensation could be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Director compensation in the form of stock grants is a common practice in the tech industry, aligning the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of director compensation packages in the software industry, similar to companies like Salesforce (CRM) and Zoom (ZM).
• The size of the grant is likely benchmarked against peer companies to ensure competitive compensation for board members.

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