[Form 4/A] Freshworks Inc. Amended Insider Trading Activity
Freshworks Inc. (FRSH) amended a Form 4 to correct share counts related to restricted stock unit (RSU) vesting. The amendment reports two withholding transactions tied to RSUs that vested on 06/01/2025: 21,398 shares and 12,509 shares were disposed to satisfy tax withholding, each reported with Transaction Code F. After those withholdings the reporting person’s beneficial ownership of Class A common stock is shown as 750,814 shares and 738,305 shares (as updated). The amendment states these units were from RSUs granted on March 1, 2024 and that the filing corrects the number of shares withheld and the post-transaction ownership totals. The Form 4 was filed by the executive chairman in an individual capacity and is presented as an amendment to earlier reporting.
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Insights
TL;DR: Routine insider tax-withholding for vested RSUs corrected via amended Form 4; no new purchases or open-market sales were disclosed.
The amendment clarifies the exact number of Class A shares withheld to satisfy tax obligations from RSU vesting awarded 03/01/2024. Both entries use Transaction Code F, indicating shares were disposed in connection with tax withholding rather than transfers or market sales. The updated beneficial ownership totals are provided, removing ambiguity from the earlier filing. For investors this is an administrative correction showing compliance with reporting obligations; it does not introduce new operational or financial information about Freshworks’ business performance.
TL;DR: Amendments to insider reports improve disclosure accuracy; this reflects governance attention to correct beneficial ownership records.
The filing demonstrates corrective action to ensure Section 16 reporting accurately reflects RSU-related withholding. It specifies the RSU grant date and quantifies the withheld shares and resulting ownership positions. While administrative in nature, timely and precise amendments are a positive governance signal as they maintain transparency around insider holdings. No indications of material transactions beyond tax withholdings are present in the document.