Form 4: Freshworks Executive Ramamurthy Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Freshworks' Chief Product Officer, Srinivasagopalan Ramamurthy, disposed of shares to cover tax obligations related to the settlement of Restricted Stock Units.
Summary
- On June 1, 2024, Srinivasagopalan Ramamurthy, the Chief Product Officer of Freshworks Inc., disposed of 6,582 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the settlement of Restricted Stock Units.
- The price per share was $12.88.
- Following the transaction, Ramamurthy directly owns 725,878 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard practice for company insiders and officers, providing transparency into their transactions involving the company's stock. This transaction is a common occurrence where executives sell shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 06/04/2024 | Date of signature for the SEC filing. |
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