Form 4: Freshworks Director Zachary Nelson Reports Stock Sale and RSU Conversion

Director Zachary Nelson of Freshworks Inc. reports the sale of 8,433 shares of Class A Common Stock and the conversion of Restricted Stock Units (RSUs) into Class B Common Stock.

Summary

• On March 3, 2025, Zachary Nelson, a director at Freshworks Inc., sold 8,433 shares of Class A Common Stock at a weighted average price of $16.72.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 10, 2024.
• Nelson also converted 9,370 Restricted Stock Units (RSUs) into Class B Common Stock on March 1, 2025.
• Following these transactions, Nelson directly owns 24,187 shares of Class A Common Stock and 102,704 shares of Class B Common Stock.
• Nelson also holds 56,250 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company insider, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Comparison to Industry Standards

• Comparing Nelson's transactions to other directors in similar SaaS companies would require analyzing their Form 4 filings for similar periods.
• Benchmarking the execution of a 10b5-1 trading plan against industry best practices would involve assessing the plan's structure and adherence to regulatory guidelines.
• The vesting schedule of the Restricted Stock Units can be compared to standard equity compensation practices in the tech industry.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price.
• The RSU conversion has no immediate impact on stakeholders.

Key Dates