Form 4: Freshworks Inc. Director Sameer K. Gandhi Reports Share Distributions

Director Sameer K. Gandhi reports the distribution of Freshworks Inc. Class A common stock from investment entities to their respective partners, with no consideration received.

Summary

• On February 20, 2025, Sameer K. Gandhi, a director of Freshworks Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates distributions of Class A common stock from Accel India III (Mauritius) Ltd. (AIN3M) and Accel Growth FII (Mauritius) Ltd. (AGF2M) to their respective partners.
• AIN3M distributed 3,050,000 shares, while AGF2M distributed 2,000,000 shares.
• These distributions were made without consideration, representing each partner's pro rata interest.
• The distributions are reported to be in accordance with exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934.
• The reporting person also disclaims beneficial ownership of certain shares held by The Potomac Trust and Potomac Investments L.P. except to the extent of his pecuniary interest.
• The report also covers shares held by Accel Leaders 3 L.P., Accel Leaders 3 Entrepreneurs L.P., and Accel Leaders 3 Investors (2020) L.P., with the reporting person disclaiming ownership except for pecuniary interest.
• The report also covers shares held by Accel Leaders Holdings (Mauritius) Ltd. and Accel Leaders II Holdings (Mauritius) Ltd.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The distribution of shares may have a minor impact on shareholders due to the change in ownership structure, but the overall impact is likely minimal as the underlying economic interests remain largely the same.

Key Dates

Keywords

Form 4, beneficial ownership, Freshworks, share distribution, Sameer Gandhi, Class A Common Stock, Accel India III, Accel Growth FII