Form 4: Freshworks Executive Chairman Mathrubootham Reports Stock Transactions
SEC Filing
Executive Chairman of Freshworks, Rathnagirish Mathrubootham, reports transactions involving Class A and Class B Common Stock, including the vesting and tax withholding of Restricted Stock Units.
Summary
- Rathnagirish Mathrubootham, Executive Chairman of Freshworks Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 1, 2024, 73,782 Class A Common Stock were disposed of to cover tax obligations at a price of $18.25.
- Also on May 1, 2024, 73,782 Class A Common Stock were acquired.
- On the same date, 187,500 Restricted Stock Units (RSUs) vested, convertible into Class B Common Stock.
- Following these transactions, Mathrubootham directly owns 620,432 shares of Class A Common Stock and 12,864,792 shares of Class B Common Stock.
- He also holds 1,125,000 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey 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.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 11/01/2021 | Commencement of RSU vesting schedule (1/16th every three months over 48 months) |
| 05/01/2024 | Date of transactions: RSU vesting, stock disposal for tax obligations, and stock acquisition |
| 09/11/2031 | Expiration date of Restricted Stock Units |
| 05/03/2024 | Date of Form 4 signature |
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