Form 4: Freshworks Executive Mika Yamamoto Disposes of Shares to Cover Tax Obligations

Freshworks Chief Customer and Marketing Officer, Mika Yamamoto, disposed of 77,022 Class A common stock shares to cover tax obligations related to the settlement of Restricted Stock Units.

Summary

• Mika Yamamoto, Chief Customer and Marketing Officer at Freshworks Inc., disposed of 77,022 shares of Class A common stock on December 1, 2024.
• The shares were sold at a price of $15.99 per share.
• This transaction was to cover tax withholding obligations related to the settlement of Restricted Stock Units.
• Following the transaction, Ms. Yamamoto beneficially owns 408,826 shares of Class A common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly in the technology sector.
• The sale of shares to cover tax obligations is a standard practice and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Freshworks, Mika Yamamoto, Form 4, stock disposal, tax obligations, restricted stock units, insider trading, Class A common stock