Form 4: Freshworks Executive Chairman Girsh Mathrubootham Reports Stock Transactions
SEC Form 4
Girsh Mathrubootham, Executive Chairman of Freshworks Inc., reports the acquisition and disposal of Class A Common Stock and transactions involving Restricted Stock Units.
Summary
- On November 1, 2024, Girsh Mathrubootham, Executive Chairman of Freshworks Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- He acquired 73,782 shares of Class A Common Stock at $0 and disposed of 73,782 shares at $12.05.
- Following these transactions, he beneficially owns 589,914 shares of Class A Common Stock.
- He also reported transactions involving Restricted Stock Units, converting 187,500 Restricted Stock Units into Class B Common Stock and then into Class A Common Stock.
- After these transactions, he beneficially owns 13,190,823 shares of Class A Common Stock.
- The transactions included shares withheld by the Issuer to satisfy tax obligations related to the settlement of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the Securities and Exchange Act. It provides transparency into the trading activities of key personnel within Freshworks.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions reported are typical for executives who receive stock options or restricted stock units as part of their compensation packages.
- Comparable companies such as Salesforce, Zoom, and Atlassian also have similar insider transaction filings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as they reflect insider trading activity.
- The withholding of shares for tax obligations could affect the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| October 23, 2024 | Date of Power of Attorney execution. |
| November 1, 2021 | Commencement date for vesting of Restricted Stock Units. |
| November 1, 2024 | Date of reported transactions involving Class A Common Stock and Restricted Stock Units. |
| September 11, 2031 | Expiration date of Restricted Stock Units. |
| November 5, 2024 | Date of signature for the report. |
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