Form 4: Freshworks Executive Dennis Woodside Reports Changes in Beneficial Ownership

Dennis Woodside, President of Freshworks Inc., reports acquisition and disposal of Class A Common Stock and grant of Restricted Stock Units.

Summary

• On March 1, 2024, Dennis Woodside, President of Freshworks Inc., reported changes in beneficial ownership of the company's Class A Common Stock.
• Woodside disposed of 48,323 shares to cover tax obligations related to the settlement of Restricted Stock Units at a price of $20.26 per share.
• He also acquired 489,815 shares through a Restricted Stock Unit (RSU) award, which vests in equal quarterly installments over four years starting March 1, 2024.
• Following these transactions, Woodside directly owns 1,636,167 shares of Class A Common Stock and indirectly owns 278,027 shares through The Woodside 2012 Irrevocable Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The RSU grant suggests confidence in the company's future, while the disposal of shares for tax obligations is a routine event.

Positives

• The grant of a significant RSU award to the President indicates confidence in the company's future performance.
• The vesting schedule aligns the executive's interests with the long-term success of the company.

Future Outlook

The RSU award vests over four years, suggesting a long-term commitment from the executive.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates