Freshworks CAO sells 10,530 shares under plan
Freshworks Inc. Chief Accounting Officer Lawrence Philippa reported an open-market sale of 10,530 shares of Class A common stock at a weighted average price of $9.18 per share.
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Form Type
4
Rhea-AI Filing Summary
Freshworks Inc. Chief Accounting Officer Lawrence Philippa reported an open-market sale of 10,530 shares of Class A common stock at a weighted average price of $9.18 per share. The sale was made under a Rule 10b5-1 trading plan adopted on March 18, 2026. After this transaction, Philippa directly holds 465,823 shares of Freshworks Class A common stock.
Insider Trade Summary
Net Seller: 10,530 shares
Net Sell
1 txn
Insider
Lawrence Philippa
Role
Chief Accounting Officer
Sold
10,530 shs ($97K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 10,530 | $9.18 | $97K |
Holdings After Transaction:
Class A Common Stock — 465,823 shares (Direct)
Footnotes (2)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted March 18, 2026.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.97 to $9.53 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: 10,530 shares
Weighted average sale price: $9.18 per share
Post-transaction holdings: 465,823 shares
+1 more
4 metrics
Shares sold
10,530 shares
Open-market sale on June 17, 2026
Weighted average sale price
$9.18 per share
Class A common stock sale
Post-transaction holdings
465,823 shares
Directly held Class A common stock after sale
Sale price range
$8.97–$9.53 per share
Multiple executions within this range
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Class A Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
""security_title": "Class A Common Stock""
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Freshworks (FRSH) Chief Accounting Officer Lawrence Philippa report on this Form 4?
Lawrence Philippa reported selling 10,530 shares of Freshworks Class A common stock in an open-market transaction. The sale was executed at a weighted average price of $9.18 per share, and the filing updates investors on his current direct share ownership.
Was the Freshworks (FRSH) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on March 18, 2026. Such plans allow insiders to pre-schedule trades, indicating that the timing of this 10,530-share sale was predetermined rather than discretionary.
What type of transaction did the Freshworks (FRSH) Form 4 disclose?
The Form 4 discloses an open-market sale of Class A common stock, coded as transaction type “S.” This indicates shares were sold into the market, with no derivative exercises, tax-withholding transactions, or gifts reported alongside this particular sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
