4/A: Freshworks Executive Amends Form 4 for RSU Tax Withholding

Freshworks Inc.'s Executive Chairman, Mathrubootham Rathnagirish, filed an amended Form 4 to correct previously reported share withholdings for RSU tax obligations.

Summary

• An amendment to a Form 4 filing, originally submitted on June 3, 2025, has been filed by Mathrubootham Rathnagirish, Executive Chairman, Director, and Officer of Freshworks Inc.
• The purpose of this amendment is to correct the number of Class A common stock shares withheld to pay taxes applicable to the vesting of restricted stock units (RSUs) and the number of shares beneficially owned following the reported transactions.
• On June 1, 2025, a total of 33,907 shares of Class A common stock were withheld at a price of $15.27 per share.
• These shares were withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the reporting person on March 1, 2024.
• Following these corrected transactions, the reporting person's direct beneficial ownership of Class A common stock is 738,305 shares.

Sentiment

Score: 5

Explanation: Neutral. This is a routine administrative correction of an insider transaction related to RSU vesting and tax withholding, which has no material impact on the company's operations or financial health.

Future Outlook

NA

Industry Context

NA

Key Dates

Recommendation

This filing is an administrative amendment to correct a previous Form 4 regarding tax withholding for RSU vesting. It provides no new material information that would alter the fundamental investment thesis for Freshworks Inc. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company performance and market conditions.

Keywords

Freshworks, FRSH, Form 4/A, SEC filing, insider transaction, restricted stock units, RSU vesting, tax withholding, executive compensation