Accel India III (Mauritius) Ltd. - 21 Nov 2024 Form 4 Insider Report for Freshworks Inc. (FRSH)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
25 Nov 2024, 16:15:06 UTC
Prior SEC filing
12 Nov 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ryan Connor, as a Director of Accel India III (Mauritius) Ltd

Key filing fact

Accel India III (Mauritius) Ltd. filed Form 4 for Freshworks Inc. (FRSH) on 25 Nov 2024.

Key facts

  • This page summarizes Accel India III (Mauritius) Ltd.'s Form 4 filing for Freshworks Inc. (FRSH).
  • 9 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 25 Nov 2024, 16:15.

Change

  • Previous filing in this sequence was filed on 12 Nov 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FRSH transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+2,000,000
Change %
Price
$0.000000
Shares after
2,000,000
Date
21 Nov 2024
Ownership
Direct
Footnotes
F1
FRSH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-2,000,000
Change %
-100%
Price
$0.000000
Shares after
0
Date
21 Nov 2024
Ownership
Direct
Footnotes
F1, F2
FRSH transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+2,000,000
Change %
Price
$0.000000
Shares after
2,000,000
Date
21 Nov 2024
Ownership
Direct
Footnotes
F3
FRSH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-2,000,000
Change %
-100%
Price
$0.000000
Shares after
0
Date
21 Nov 2024
Ownership
Direct
Footnotes
F3, F4
FRSH transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+665,040
Change %
Price
$0.000000
Shares after
665,040
Date
21 Nov 2024
Ownership
Direct
Footnotes
F5
FRSH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-665,040
Change %
-100%
Price
$0.000000
Shares after
0
Date
21 Nov 2024
Ownership
Direct
Footnotes
F5, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FRSH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-2,000,000
Change %
-40%
Price
$0.000000
Shares after
3,050,000
Date
21 Nov 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,000,000
Exercise price
Footnotes
F1, F7
FRSH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-2,000,000
Change %
-20%
Price
$0.000000
Shares after
8,250,000
Date
21 Nov 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,000,000
Exercise price
Footnotes
F3, F7
FRSH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-665,040
Change %
-100%
Price
$0.000000
Shares after
0
Date
21 Nov 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
665,040
Exercise price
Footnotes
F5, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Accel India III (Mauritius) Ltd. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

Shares held by Accel India III (Mauritius) Ltd. (AIN3M). AIN3M is a wholly owned subsidiary of Accel India III Holdings (Mauritius) Ltd., which is owned by Accel India III L.P. (AIN3) and Accel India III Investors L.L.C. Accel India III GP Associates Ltd. is the general partner of Accel India III Associates L.P., which is the general partner of AIN3. Sameer Gandhi, Joe Milner, Suzanne Gujadhur and Aslam Koomar are the directors of AIN3M and collectively make investment and voting decisions with respect to the shares held by AIN3M.

Footnote F2

On November 21, 2024, AIN3M distributed, for no consideration, 2,000,000 shares of Class A common stock of the Issuer (the "AIN3M Shares") to its partners and representing each such partner's pro rata interest in such AIN3M Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

Footnote F3

Shares held by Accel Growth FII (Mauritius) Ltd. (AGF2M). AGF2M is a wholly owned subsidiary of Accel Growth Holdings (Mauritius) Ltd., which is owned by Accel Growth Fund II L.P. (AGF2), Accel Growth Fund II Strategic Partners L.P. (AGF2SP) and Accel Growth Fund Investors 2013 L.L.C. Accel Growth Fund II Associates L.L.C. is the general partner of AGF2 and AGF2SP. Sameer Gandhi, Joe Milner, Suzanne Gujadhur and Aslam Koomar are the directors of AGF2M and collectively make investment and voting decisions with respect to the shares held by AGF2M.

Footnote F4

On November 21, 2024, AGF2M distributed, for no consideration, 2,000,000 shares of Class A common stock of the Issuer (the "AGF2M Shares") to its partners and representing each such partner's pro rata interest in such AGF2M Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

Footnote F5

Shares held by Accel India IV (Mauritius) Ltd. (AIN4M). AIN4M is a wholly owned subsidiary of Accel India IV Holdings (Mauritius) Ltd., which is owned by Accel India IV L.P. (AIN4) and Accel India IV Investors L.L.C. Accel India IV GP Associates Ltd. is the general partner of Accel India IV Associates L.P., which is the general partner of AIN4. Sameer Gandhi, Joe Milner, Suzanne Gujadhur and Aslam Koomar are the directors of AIN4M and collectively make investment and voting decisions with respect to the shares held by AIN4M.

Footnote F6

On November 21, 2024, AIN4M distributed, for no consideration, 665,040 shares of Class A common stock of the Issuer (the "AIN4M Shares") to its partners and representing each such partner's pro rata interest in such AIN4M Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

Footnote F7

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.

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