Johanna Flower - Feb 14, 2022 Form 4 Insider Report for Freshworks Inc. (FRSH)

Role
Director
Signature
/s/ Pamela Sergeeff, Attorney-in-fact
Stock symbol
FRSH
Transactions as of
Feb 14, 2022
Transactions value $
-$1,019,765
Form type
4
Date filed
2/16/2022, 07:14 PM
Previous filing
Jan 3, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRSH Class A Common Stock Conversion of derivative security $0 +50K +13661.2% $0.00 50.4K Feb 14, 2022 Direct
transaction FRSH Class A Common Stock Sale -$5.72K -300 -0.6% $19.06 50.1K Feb 14, 2022 Direct F1, F2
transaction FRSH Class A Common Stock Sale -$841K -41.4K -82.72% $20.31 8.65K Feb 14, 2022 Direct F1, F3
transaction FRSH Class A Common Stock Sale -$173K -8.29K -95.77% $20.87 366 Feb 14, 2022 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FRSH Restricted Stock Units Options Exercise $0 -89.7K -31.47% $0.00 195K Feb 14, 2022 Class B Common Stock 89.7K Direct F5, F6
transaction FRSH Restricted Stock Units Options Exercise $0 -7.81K -10.41% $0.00 67.2K Feb 14, 2022 Class B Common Stock 7.81K Direct F5, F7
transaction FRSH Class B Common Stock Options Exercise $0 +97.5K +108.33% $0.00 188K Feb 14, 2022 Class A Common Stock 97.5K Direct F8
transaction FRSH Class B Common Stock Conversion of derivative security $0 -50K -26.67% $0.00 138K Feb 14, 2022 Class A Common Stock 50K Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.72 to $19.68 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.93 to $20.92 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.95 to $21.10 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
F5 Each Restricted Stock Unit represents a contingent right to receive one share of Class B Common Stock.
F6 The shares of Class B Common Stock are to be acquired upon the vesting of a RSU award granted to the Reporting Person. The RSU shall vest as follows: 1/48th of the shares subject to the RSU will vest in equal monthly installments over 48 months following March 2, 2020, subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2011 Stock Plan) and the occurrence of either (1) an IPO or (2) a Sale Event (each as defined in the Issuer's 2011 Stock Plan), in each case, within 10 years following the grant date.
F7 The shares of Class B Common Stock are to be acquired upon the vesting of a RSU award granted to the Reporting Person. The RSUs shall vest as follows: 1/48th of the shares subject to the RSU will vest in equal monthly installments over 48 months following September 2, 2021, subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2011 Stock Plan) and the occurrence of either (1) an IPO or (2) a Sale Event (each as defined in the Issuer's 2011 Stock Plan), in each case, within 10 years following the grant date.
F8 Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock will also be convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and has no expiration date.