Form 4: Freshworks Director Johanna Flower Reports Stock Transactions

Director Johanna Flower reports acquisition of Class A Common Stock and conversion of Restricted Stock Units into Class B Common Stock.

Summary

• On October 1, 2024, Johanna Flower, a director at Freshworks Inc., acquired 913 shares of Class A Common Stock at $0 per share as compensation.
• This acquisition was in lieu of cash compensation under the Issuer's Non-Employee Director Compensation Policy for the third quarter of 2024.
• The number of shares was calculated based on the average closing price of Freshworks' common stock over the 30 trading days preceding October 1, 2024.
• On October 2, 2024, Flower also converted 1,560 Restricted Stock Units (RSUs) into Class B Common Stock and 1,560 Class B Common Stock into Class A Common Stock.
• Following these transactions, Flower directly owns 40,840 shares of Class A Common Stock and 169,610 shares of Class A Common Stock.
• She also directly owns 17,190 derivative securities (Restricted Stock Units).

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine insider transactions. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.

Related Party Transactions

• The acquisition of Class A Common Stock by Johanna Flower is a related party transaction as she is a director of Freshworks Inc.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates