Lawrence Philippa 4
4 · Freshworks Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Freshworks (FRSH) CAO Lawrence Philippa Withholds 14,368 Shares
What Happened Lawrence Philippa, Chief Accounting Officer of Freshworks (FRSH), had 14,368 shares withheld on June 1, 2026 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The withholding is reported as a disposition at $10.68 per share, totaling $153,450. The Form 4 was filed on June 2, 2026 (reporting period 2026-06-01).
Key Details
- Transaction date: 2026-06-01; Filing date (Form 4): 2026-06-02 (timely).
- Withheld shares: 14,368 at $10.68/share; total value reported: $153,450.
- Transaction code: F — shares withheld/used to satisfy tax withholding on RSU vesting (footnote F1).
- Footnote F1: Units withheld to satisfy tax withholding for RSUs granted on Sept 1, 2024.
- Footnote F2 (included in the filing): Indicates 890 shares were purchased under the company ESPP at 85% of the closing price on May 15, 2026 (this ESPP purchase is exempt from Rule 16b‑3(c)).
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
Context Code F transactions generally reflect shares surrendered or retained by the company to cover tax withholding when RSUs vest; they are routine administrative transactions rather than open‑market sales. This withholding reduces the insider’s outstanding share count but does not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-06-01$10.68/sh−14,368$153,450→ 476,353 total
Footnotes (2)
- [F1]Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on September 1, 2024.
- [F2]Includes 890 shares of Class A common stock purchased pursuant to the Issuer's Employee Stock Purchase Plan (ESPP) for the ESPP purchase period from November 17, 2025 through May 15, 2025. This transaction is exempt from Rule 16b-3(c). In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's Class A common stock on May 15, 2026.