Form 4: Freshworks Inc. Executive Ramamurthy Srinivasagopalan Reports Changes in Beneficial Ownership

Chief Product Officer of Freshworks Inc., Ramamurthy Srinivasagopalan, reports transactions involving Class A and Class B Common Stock, including the withholding of shares for tax obligations and the conversion of restricted stock units.

Summary

• On April 1, 2024, Ramamurthy Srinivasagopalan, Chief Product Officer of Freshworks Inc., reported changes in beneficial ownership of the company's stock.
• These changes involve Class A Common Stock and derivative securities, specifically Restricted Stock Units (RSUs) that convert into Class B Common Stock.
• 11,756 shares of Class A Common Stock were acquired at $0 and then 11,756 shares were disposed of to cover tax obligations.
• 21,870 Restricted Stock Units were converted into Class B Common Stock, which in turn were converted into Class A Common Stock.
• Following these transactions, Ramamurthy Srinivasagopalan beneficially owns 760,485 shares of Class A Common Stock and 424,345 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The Restricted Stock Units vest in equal quarterly installments over 48 months from April 1, 2021, subject to continued service and the occurrence of an IPO or Sale Event within 10 years of the grant date.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the overall effect is likely minimal.

Key Dates