AUSTIN ROXANNE S 4
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Freshworks (FRSH) Director Roxanne S. Austin Receives Award
What Happened Roxanne S. Austin, a member of Freshworks’ board of directors, received an equity award on July 1, 2026 totaling 23,311 shares. The Form 4 reports acquisition code A (award/grant) at $0.00 per share (no cash paid). The award consists of 2,058 fully-vested restricted stock shares issued in lieu of cash director fees and 21,253 restricted stock units (RSUs) that are a contingent right to one share each upon settlement.
Key Details
- Transaction date: 2026-07-01; filing date: 2026-07-02 (timely Form 4 filing).
- Reported acquisition: 23,311 shares at $0.00 (code A).
- Breakdown per footnotes: 2,058 fully vested restricted shares (elected in lieu of cash); 21,253 RSUs granted as annual director award.
- RSU vesting: RSUs vest in full on July 1, 2027, except they vest earlier if the director is up for re-election at the next annual meeting and is not re-elected (they vest on that meeting date).
- Number of shares owned after the transaction: not stated in the provided filing details.
- Calculation method: the number of shares/RSUs was determined by dividing the applicable equity value by the 30-day average closing price ending July 1, 2026, rounded down.
Context This was a routine director compensation grant (part cash election and part RSUs), not an open-market purchase or sale. RSUs are a deferred-equity award that converts into shares upon vesting/settlement; the vested restricted shares received in lieu of cash are immediately owned. Such grants are common for non-employee directors and do not, by themselves, indicate a buy or sell sentiment.