Form 4: Freshworks Director Roxanne S. Austin Sells 6,303 Shares of Class A Common Stock

Director Roxanne S. Austin sold 6,303 shares of Freshworks Inc. Class A Common Stock on October 9, 2024, at a weighted average price of $11.1 per share, according to a Form 4 filing with the SEC.

Summary

• On October 9, 2024, Roxanne S. Austin, a director of Freshworks Inc., sold 6,303 shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 11, 2024.
• The shares were sold at prices ranging from $10.993 to $11.161 per share, with a weighted average price of $11.1.
• Following the transaction, Austin directly owns 211,787 shares of Freshworks Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission on October 11, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives and directors to have pre-arranged trading plans (Rule 10b5-1) to sell shares over time, which helps avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates