FRSH Form 4: Dennis Woodside Withholds 98,248 Shares to Cover Taxes
Rhea-AI Filing Summary
Dennis Woodside, President and CEO and a director of Freshworks Inc. (FRSH), reported dispositions of Class A common stock on 09/01/2025. The Form 4 shows 98,248 shares were disposed of at $13.47 per share through transactions coded "F," described as units withheld to satisfy tax withholding obligations upon RSU vesting from grants dated September 1, 2022, March 1, 2024, and March 1, 2025. Following these transactions, Mr. Woodside is shown as beneficially owning 1,935,417 shares directly and 278,027 shares indirectly through The Woodside 2012 Irrevocable Trust.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider tax-withholding sales on RSU vesting; no new information about company operations or financing.
The Form 4 discloses that the CEO disposed of 98,248 Class A shares at $13.47 to cover tax obligations tied to vested RSUs. These transactions are reported under code "F," which typically denotes disposition to satisfy tax withholding on compensation awards. The filings update beneficial ownership levels but do not indicate a voluntary open-market sale beyond withholding or a change in control or financing activity. For investors, the primary effect is an updated ownership position: 1,935,417 shares directly and 278,027 indirectly via trust.
TL;DR: Disclosure aligns with Section 16 reporting requirements; transactions appear procedural rather than signaling policy or governance shifts.
The Form 4 shows timely reporting of RSU-related withholding transactions by the CEO/director. The use of tax-withholding dispositions is common and consistent with executive compensation practices; the filing identifies the indirect holding vehicle (The Woodside 2012 Irrevocable Trust), which maintains transparency on beneficial ownership. There are no indications of unusual trading patterns, derivative exercises, or changes in the reporting person's relationship to the issuer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 54,986 | $13.47 | $741K |
| Tax Withholding | Class A Common Stock | 15,546 | $13.47 | $209K |
| Tax Withholding | Class A Common Stock | 9,088 | $13.47 | $122K |
| Tax Withholding | Class A Common Stock | 18,628 | $13.47 | $251K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on September 1, 2022. Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on March 1, 2024. Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on March 1, 2025.