4/A: Freshworks Inc. Chief Accounting Officer Reports Amended Transaction of Restricted Stock Units
SEC Form 4/A (Amendment)
Philippa Lawrence, Chief Accounting Officer of Freshworks Inc., files an amendment to a previous Form 4 to correct the transaction date of a Restricted Stock Unit (RSU) grant.
Summary
- Philippa Lawrence, the Chief Accounting Officer of Freshworks Inc., filed an amended Form 4 with the SEC.
- The amendment corrects the transaction date of a Restricted Stock Unit (RSU) grant, initially reported incorrectly on February 6, 2025, due to an administrative error.
- The correct transaction date for the RSU grant is February 13, 2025.
- The RSU grant represents a contingent right to receive one share of Freshworks Inc.'s Class A Common Stock upon settlement.
- The RSUs will vest in equal quarterly installments over four years following January 2, 2025, contingent upon the Reporting Person's Continuous Service as defined in the Issuer's 2021 Equity Incentive Plan.
- Following the reported transaction, Lawrence beneficially owns 479,166 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.
Future Outlook
The RSUs will vest in equal quarterly installments over four years following January 2, 2025, subject to the Reporting Person's Continuous Service as defined in the Issuer's 2021 Equity Incentive Plan.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders benefit from accurate and transparent reporting of insider transactions.
Key Dates
| Date | Description |
|---|---|
| January 2, 2025 | Start date for quarterly vesting of RSUs over four years. |
| February 6, 2025 | Original Form 4 filing date with incorrect transaction date. |
| February 13, 2025 | Corrected transaction date for the RSU grant. |
| February 18, 2025 | Date of signature for the amended Form 4/A. |
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