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

Mika Yamamoto, Chief Customer and Marketing Officer of Freshworks Inc., sold 5,718 shares of Class A Common Stock on December 17, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Mika Yamamoto, the Chief Customer and Marketing Officer at Freshworks Inc., sold 5,718 shares of Class A Common Stock on December 17, 2024.
• 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 $16.95, with individual transactions ranging from $16.78 to $17.28 per share.
• Following the transaction, Yamamoto directly owns 403,108 shares of Freshworks Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged trading plan, suggesting a neutral sentiment.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows corporate insiders to sell company stock at predetermined times to avoid accusations of trading on non-public information.

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 concerns about insider trading.

Key Dates