Rathnagirish Mathrubootham - Dec 31, 2023 Form 4 Insider Report for Freshworks Inc. (FRSH)

Role
Chief Executive Officer, Director
Signature
/s/ Pamela Sergeeff, Attorney-in-fact
Stock symbol
FRSH
Transactions as of
Dec 31, 2023
Transactions value $
-$1,890,992
Form type
4
Date filed
1/3/2024, 04:30 PM
Previous filing
Nov 3, 2023
Next filing
Feb 2, 2024

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 +9.38K $0.00 9.38K Dec 31, 2023 Direct
transaction FRSH Class A Common Stock Tax liability -$220K -9.38K -100% $23.49 0 Dec 31, 2023 Direct F1
transaction FRSH Class A Common Stock Conversion of derivative security $0 +71.1K $0.00 71.1K Jan 1, 2024 Direct
transaction FRSH Class A Common Stock Tax liability -$1.67M -71.1K -100% $23.49 0 Jan 1, 2024 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 -20.8K -100% $0.00* 0 Dec 31, 2023 Class B Common Stock 20.8K Direct F2, F3
transaction FRSH Class B Common Stock Options Exercise $0 +20.8K +0.16% $0.00 13M Dec 31, 2023 Class A Common Stock 20.8K Direct F4
transaction FRSH Class B Common Stock Conversion of derivative security $0 -9.38K -0.07% $0.00 13M Dec 31, 2023 Class A Common Stock 9.38K Direct F4
transaction FRSH Restricted Stock Units Options Exercise $0 -169K -50% $0.00 169K Jan 1, 2024 Class B Common Stock 169K Direct F2, F5
transaction FRSH Class B Common Stock Options Exercise $0 +169K +1.3% $0.00 13.2M Jan 1, 2024 Class A Common Stock 169K Direct F4
transaction FRSH Class B Common Stock Conversion of derivative security $0 -71.1K -0.54% $0.00 13.1M Jan 1, 2024 Class A Common Stock 71.1K 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.