Freshworks (FRSH) director Padgett sells 6,618 shares and receives 21,253 RSUs
Rhea-AI Filing Summary
Freshworks Inc. director Barry L. Padgett reported both a stock sale and a stock grant. He sold 6,618 shares of Class A Common Stock in an open‑market transaction at a weighted average price of $10.49 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on September 18, 2025. After this sale, he held 47,270 shares directly. He also received an annual grant of 21,253 Restricted Stock Units under the non-employee director compensation policy, increasing his direct holdings to 53,888 shares. Each RSU represents one share of Class A Common Stock and is scheduled to vest in full on July 1, 2027, with earlier vesting if he is not re-elected at the next annual stockholder meeting.
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Insider Trade Summary 10b5-1
Net Buyer: 14,635 shares
Net Buy
2 txns
Insider
PADGETT BARRY L.
Role
Director
Sold
6,618 shs ($69K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 21,253 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 6,618 | $10.49 | $69K |
Holdings After Transaction:
Class A Common Stock — 47,270 shares (Direct)
Footnotes (3)
- F1. Represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy. Each of these RSUs represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The number of RSUs granted was calculated by dividing the applicable value of the equity by the average closing price of our common stock over the 30 consecutive trading days immediately preceding July 1, 2026, rounded down to the nearest whole share. The shares shall vest in full on July 1, 2027; provided, however, that in the event a director is up for re-election at the Issuer's next annual meeting of stockholders and is not elected to continue serving as a member of the board of directors at such annual meeting of stockholders, the shares shall be deemed fully vested on that annual meeting date.
- F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted September 18, 2025.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.36 to $10.61 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.
Key Figures
Shares sold: 6,618 shares
Sale price (weighted average): $10.49 per share
Shares held after sale: 47,270 shares
+4 more
7 metrics
Shares sold
6,618 shares
Open-market sale of Class A Common Stock
Sale price (weighted average)
$10.49 per share
Multiple trades between $10.36 and $10.61
Shares held after sale
47,270 shares
Direct holdings following the 6,618-share sale
RSU grant size
21,253 RSUs
Annual non-employee director equity award
Shares held after RSU grant
53,888 shares
Direct holdings after including RSU award
RSU vesting date
July 1, 2027
Scheduled full vesting, subject to re-election outcome
Trading plan adoption date
September 18, 2025
Rule 10b5-1 plan governing the reported sale
Key Terms
Restricted Stock Unit (RSU), Non-Employee Director Compensation Policy, Rule 10b5-1 trading plan, weighted average price, +1 more
5 terms
Restricted Stock Unit (RSU) financial
"Represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Non-Employee Director Compensation Policy financial
"Represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy."
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted September 18, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"Each of these RSUs represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transactions did Freshworks (FRSH) director Barry L. Padgett report?
Barry L. Padgett reported a sale of 6,618 Freshworks Class A shares and an award of 21,253 Restricted Stock Units. The sale occurred in the open market, and the RSUs were granted under the non-employee director compensation policy as his annual equity award.
What equity award did Barry L. Padgett receive from Freshworks (FRSH)?
He received an annual Restricted Stock Unit award covering 21,253 shares of Freshworks Class A Common Stock. The award was granted under the company’s Non-Employee Director Compensation Policy, with each RSU representing a right to receive one share upon settlement.
When do Barry L. Padgett’s new Freshworks (FRSH) RSUs vest?
The 21,253 Restricted Stock Units are scheduled to vest in full on July 1, 2027. However, if he stands for re-election at the next annual stockholder meeting and is not elected, the RSUs vest fully on that annual meeting date instead.
AI-generated analysis. How Rhea-AI works. Not financial advice.
