Form 4: Freshworks Executive Mika Yamamoto Sells Shares Under 10b5-1 Plan

Mika Yamamoto, Chief Customer and Marketing Officer of Freshworks Inc., sold 2,859 shares of Class A Common Stock on January 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 2, 2025, Mika Yamamoto, the Chief Customer and Marketing Officer of Freshworks Inc., sold 2,859 shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 17, 2024.
• The shares were sold at a weighted average price of $15.84, with individual transactions ranging from $15.65 to $16.03 per share.
• Following the transaction, Yamamoto directly owns 400,249 shares of Freshworks Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an executive's stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information. The sale represents a small percentage of Yamamoto's holdings.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates