Form 4: Freshworks Director Roxanne S. Austin Modifies Stock Unit Award

Director Roxanne S. Austin modified a Restricted Stock Unit (RSU) award to settle in Class A Common Stock instead of Class B Common Stock, according to a recent SEC filing.

Summary

• On April 8, 2024, Roxanne S. Austin, a director at Freshworks Inc., modified a previously granted Restricted Stock Unit (RSU) award.
• The modification stipulates that 148,960 of the unvested RSUs will now settle in shares of Class A Common Stock instead of Class B Common Stock.
• The RSU award remains unchanged except for the share class settlement.
• As of April 10, 2024, after the reported transactions, Austin beneficially owns 250,761 shares of Class A Common Stock and 250,929 Restricted Stock Units.
• The RSUs vest monthly over 48 months following May 8, 2021, contingent on continued service and either an IPO or a Sale Event within 10 years of the grant date.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any explicit positive or negative sentiment.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The modification of the RSU award could have a minor impact on shareholders due to the change in the type of stock being issued upon vesting.
• The change does not directly impact employees, customers, suppliers, or creditors.

Key Dates