Form 4: Freshworks Director Sameer K. Gandhi Reports Changes in Beneficial Ownership

Sameer K. Gandhi, a director at Freshworks Inc., reported changes in beneficial ownership of Class A Common Stock due to the receipt of restricted stock in lieu of cash compensation and indirect holdings through various investment partnerships.

Summary

• On January 2, 2025, Sameer K. Gandhi, a director at Freshworks Inc., filed a Form 4 with the SEC reporting changes in his beneficial ownership of the company's Class A Common Stock.
• Gandhi received 829 shares of Class A Common Stock as fully-vested restricted stock in lieu of cash compensation for director services for the fourth 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 January 1, 2025.
• Gandhi also reported indirect ownership of Class A Common Stock through The Potomac Trust (412,122 shares), Potomac Investments L.P. Fund 1 (465,621 shares), Accel Leaders 3 L.P. (3,112,212 shares), Accel Leaders 3 Entrepreneurs L.P. (128,846 shares), and Accel Leaders 3 Investors (2020) L.P. (185,733 shares).
• Gandhi disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The receipt of restricted stock in lieu of cash compensation aligns the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key company director.

Key Dates