Form 4: Freshworks Executive Mika Yamamoto Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Mika Yamamoto, Chief Customer and Marketing Officer of Freshworks Inc., sold 3,574 shares of Class A Common Stock at an average price of $14.66 on May 5, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 5, 2025, Mika Yamamoto, the Chief Customer and Marketing Officer of Freshworks Inc., sold 3,574 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 $14.66.
- The prices for individual transactions ranged from $14.48 to $14.82 per share.
- Following the transaction, Yamamoto directly owns 608,030 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock sales by an executive under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the executive planned the sale in advance to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-09-17 | Date of adoption of the Rule 10b5-1 trading plan. |
| 2025-05-05 | Date of the stock sale transaction. |
Keywords
Freshworks, FRSH, Mika Yamamoto, Stock Sale, Form 4, 10b5-1 Trading Plan, Executive, Chief Customer and Marketing Officer
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