Form 4: Freshworks Director Zachary Nelson Reports Stock Transactions
SEC Form 4 Filing
Director Zachary Nelson reports the vesting and conversion of restricted stock units into Freshworks Class B and Class A common stock.
Summary
- On May 1, 2024, Zachary Nelson, a director at Freshworks Inc., reported transactions involving restricted stock units (RSUs).
- 9,370 RSUs vested and were converted into Class B Common Stock.
- These shares were then converted into Class A Common Stock.
- Following these transactions, Nelson directly owns 150,000 shares of Class B Common Stock and 93,329 shares of Class A Common Stock.
- The RSUs vest monthly over 48 months following September 1, 2021, 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 detailing stock transactions, and carries a neutral sentiment.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| September 1, 2021 | Start date for monthly vesting of RSUs over 48 months. |
| May 1, 2024 | Date of reported transactions: vesting and conversion of RSUs. |
| May 3, 2024 | Date of filing the Form 4. |
| August 8, 2031 | Expiration date of the Restricted Stock Units. |
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