4/A: Freshworks Executive Amends Share Ownership Filing
Insider Transaction Amendment
Freshworks Executive Chairman Rathnagirish Mathrubootham filed an amended Form 4 to correct previously reported share conversions and tax withholdings.
Summary
- The filing is an amendment to a Form 4 originally filed on May 5, 2025, by Rathnagirish Mathrubootham, Executive Chairman and Director of Freshworks Inc.
- The amendment corrects the number of Class B common stock shares converted into Class A common stock.
- It also corrects the number of Class A common stock shares withheld to pay taxes applicable to the vesting of restricted stock units (RSUs).
- The amendment further updates the number of Class A and Class B common stock shares beneficially owned following the reported transactions.
- On May 1, 2025, 103,463 shares of Class B common stock were converted into Class A common stock.
- Concurrently, 103,463 shares of Class A common stock were disposed of (withheld) at a price of $14.48 per share to satisfy tax withholding obligations related to RSUs granted on September 12, 2021.
- Following these corrected transactions, Rathnagirish Mathrubootham directly beneficially owns 772,212 shares of Class A Common Stock and 10,911,703 shares of Class B Common Stock.
- Each share of Class B Common Stock is convertible into one share of Class A Common Stock upon sale or transfer, or at the option of the holder, and has no expiration date.
Sentiment
Score: 5
Explanation: The filing is a routine amendment to correct previously reported insider transaction details, indicating no material positive or negative operational or financial news.
Future Outlook
NA
Industry Context
This filing is a standard regulatory compliance document for an executive of a publicly traded technology company, reflecting routine equity compensation and tax management. It does not provide insights into broader industry trends or competitive positioning.
Stakeholder Impact
- The amendment has minimal impact on shareholders as it corrects previously reported numbers without altering the underlying value or operational status of the company.
Key Dates
| Date | Description |
|---|---|
| 09/12/2021 | Date of RSU grant to the Reporting Person. |
| 05/01/2025 | Original transaction date for share conversion and tax withholding. |
| 05/05/2025 | Date of original Form 4 filing. |
| 08/26/2025 | Signature date of the amended Form 4. |
Keywords
Freshworks, FRSH, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Conversion, Executive Chairman, Rathnagirish Mathrubootham, Equity Securities
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