AUSTIN ROXANNE S 4
Research Summary
AI-generated summary
Freshworks (FRSH) Director Roxanne Austin Receives 2,437-Share Award
What Happened
- Roxanne S. Austin, a director of Freshworks Inc. (FRSH), was granted 2,437 fully‑vested restricted shares on April 1, 2026. The grant was recorded as an acquisition at $8.07 per share, with a total value of $19,667.
- This was an award of shares elected in lieu of cash under the company's Non‑Employee Director Compensation Policy (transaction code A = Award/Grant). This type of grant is a routine form of director compensation rather than an open‑market purchase or sale.
Key Details
- Transaction date and terms: 4/1/2026 — 2,437 shares @ $8.07/share; total value $19,667.
- Filing date: 4/2/2026 (Form 4 filed the next day); filing appears timely.
- Shares owned after transaction: not provided in the supplied filing details.
- Footnote: The shares were fully vested and elected in lieu of cash compensation for Q1 2026. The number of shares was calculated by dividing the applicable equity value by the average closing price of Freshworks common stock over the 30 trading days immediately preceding April 1, 2026, rounded down.
Context
- Awards received in lieu of cash are a common, routine form of director compensation and do not necessarily indicate a change in the director's view of the company.
- Because this was an award (not an open‑market purchase or sale), it reflects compensation mechanics rather than active trading behavior.