Rathnagirish Mathrubootham - 13 Sep 2023 Form 4 Insider Report for Freshworks Inc. (FRSH)

Role
Chief Executive Officer, Director
Signature
/s/ Jessica Kapustiak, Attorney-in-fact
Issuer symbol
FRSH
Transactions as of
13 Sep 2023
Net transactions value
-$39,134,173
Form type
4
Filing time
15 Sep 2023, 19:40:16 UTC
Previous filing
03 Aug 2023
Next filing
03 Nov 2023
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 +785,938 $0.000000 785,938 13 Sep 2023 Direct
transaction FRSH Class A Common Stock Sale $16,481,120 -785,938 -100% $20.97 0 13 Sep 2023 Direct F1, F2
transaction FRSH Class A Common Stock Conversion of derivative security $0 +503,462 $0.000000 503,462 14 Sep 2023 Direct
transaction FRSH Class A Common Stock Sale $10,416,629 -503,462 -100% $20.69 0 14 Sep 2023 Direct F1, F3
transaction FRSH Class A Common Stock Conversion of derivative security $0 +610,600 $0.000000 610,600 15 Sep 2023 Direct
transaction FRSH Class A Common Stock Sale $12,236,424 -610,600 -100% $20.04 0 15 Sep 2023 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 Class B Common Stock Conversion of derivative security $0 -785,938 -5.3% $0.000000 14,004,739 13 Sep 2023 Class A Common Stock 785,938 Direct F5
transaction FRSH Class B Common Stock Conversion of derivative security $0 -503,462 -3.6% $0.000000 13,501,277 14 Sep 2023 Class A Common Stock 503,462 Direct F5
transaction FRSH Class B Common Stock Conversion of derivative security $0 -610,600 -4.5% $0.000000 12,890,677 15 Sep 2023 Class A Common Stock 610,600 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a pre-established rule 10b5-1 trading plan, adopted June 14, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.63 to $21.30 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 $20.52 to $21.05 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 $19.83 to $20.39 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 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.