Form 4: Freshworks Director Johanna Flower Reports Stock Unit Transactions
SEC Form 4 Filing
Director Johanna Flower reports the vesting and conversion of restricted stock units into Class A and B common stock of Freshworks Inc.
Summary
- On March 2, 2024, Johanna Flower, a director of Freshworks Inc., reported transactions involving restricted stock units (RSUs).
- 7,810 RSUs vested and were converted into Class B Common Stock, expiring on March 2, 2030.
- 1,570 RSUs vested and were converted into Class B Common Stock, expiring on August 4, 2031.
- 9,380 shares of Class B Common Stock were converted into Class A Common Stock.
- Following these transactions, Flower directly owns 28,120 Class B Common Stock and 177,880 Class A Common Stock.
- The RSUs vest in monthly installments, contingent on continued service and a qualifying event (IPO or Sale Event) within 10 years of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The vesting of RSUs is contingent upon continued service and a qualifying event (IPO or Sale Event) within 10 years of the grant date.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares of Class A and Class B common stock.
Key Dates
| Date | Description |
|---|---|
| 03/02/2020 | Initial vesting date for some of the Restricted Stock Units, vesting monthly over 48 months, contingent on service and a qualifying event within 10 years. |
| 09/02/2021 | Initial vesting date for some of the Restricted Stock Units, vesting monthly over 48 months, contingent on service and a qualifying event within 10 years. |
| 03/02/2024 | Date of reported transactions: vesting of 7,810 and 1,570 Restricted Stock Units and conversion of 9,380 Class B Common Stock to Class A Common Stock. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
| 03/02/2030 | Expiration date for some of the Restricted Stock Units. |
| 08/04/2031 | Expiration date for some of the Restricted Stock Units. |
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