Rathnagirish Mathrubootham - 30 Jun 2022 Form 4 Insider Report for Freshworks Inc. (FRSH)

Role
Chief Executive Officer, Director
Signature
/s/ Pamela Sergeeff, Attorney-in-fact
Issuer symbol
FRSH
Transactions as of
30 Jun 2022
Net transactions value
-$1,133,115
Form type
4
Filing time
05 Jul 2022, 19:19:12 UTC
Previous filing
02 May 2022
Next filing
03 Aug 2022
SEC
View on sec.gov

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 +9,792 $0.000000 9,792 30 Jun 2022 Direct
transaction FRSH Class A Common Stock Tax liability $128,765 -9,792 -100% $13.15 0 30 Jun 2022 Direct F1
transaction FRSH Class A Common Stock Conversion of derivative security $0 +74,562 $0.000000 74,562 01 Jul 2022 Direct
transaction FRSH Class A Common Stock Tax liability $1,004,350 -74,562 -100% $13.47 0 01 Jul 2022 Direct F1

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 Performance Rights Options Exercise $0 -20,790 -25% $0.000000 62,400 30 Jun 2022 Class B Common Stock 20,790 Direct F2, F3
transaction FRSH Class B Common Stock Options Exercise $0 +20,790 +0.13% $0.000000 15,782,087 30 Jun 2022 Class A Common Stock 20,790 Direct F4
transaction FRSH Class B Common Stock Conversion of derivative security $0 -9,792 -0.06% $0.000000 15,772,295 30 Jun 2022 Class A Common Stock 9,792 Direct F4
transaction FRSH Restricted Stock Units Options Exercise $0 -168,750 -20% $0.000000 675,002 01 Jul 2022 Class B Common Stock 168,750 Direct F2, F5
transaction FRSH Class B Common Stock Options Exercise $0 +168,750 +1.1% $0.000000 15,941,045 01 Jul 2022 Class A Common Stock 168,750 Direct F4
transaction FRSH Class B Common Stock Conversion of derivative security $0 -74,562 -0.47% $0.000000 15,866,483 01 Jul 2022 Class A Common Stock 74,562 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of Restricted Stock Units.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Class B Common Stock.
F3 The shares of Class B Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. The Restricted Stock Units shall vest as follows: 1/4th of the shares subject to the restricted stock unit vest on the first anniversary of December 31, 2019, and the remaining shares will vest in equal installments every six months thereafter over 36 months, 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.
F4 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.
F5 The shares of Class B Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. The Restricted Stock Units shall vest as follows: 1/4th of the shares subject to the restricted stock unit vest on the first anniversary of July 1, 2020, and the remaining shares will vest in equal installments every six months thereafter over 36 months, 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.