PADGETT BARRY L. 4
4 · Freshworks Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Freshworks (FRSH) Director Barry Padgett Sells 6,618 Shares; Gets 21,253 RSUs
What Happened
Barry L. Padgett, a Freshworks (FRSH) director, sold 6,618 shares in an open-market transaction on July 1, 2026 for a weighted average price of $10.49 per share (proceeds ≈ $69,423). On the same date he was granted 21,253 restricted stock units (RSUs) under the company’s Non-Employee Director Compensation Policy; each RSU converts to one share upon settlement and the grant was recorded at $0.00 cash consideration.
Key Details
- Transaction date: 2026-07-01; Form 4 filed 2026-07-02 (timely).
- Sale: 6,618 shares, weighted avg price $10.49; total proceeds ≈ $69,423. Sales occurred at prices from $10.36 to $10.61.
- Grant: 21,253 RSUs (each represents a contingent right to one share); no cash paid on grant.
- Vesting: RSUs vest in full on July 1, 2027, or earlier if the director fails reelection at the next annual meeting (then they vest on that meeting date).
- Plan/authorization: Sales were made pursuant to a Rule 10b5-1 trading plan adopted Sept 18, 2025. Grant was an annual non-employee director equity award calculated using the 30-day average closing price through July 1, 2026.
- Shares owned after the transactions: Not specified in the filing.
Context
- The filing shows a routine director compensation grant (RSUs) and pre-planned sales under a 10b5-1 plan. Grants are common non-cash compensation for directors and vest in the future; the sale was executed under an established trading plan, which is intended to mitigate timing concerns.
- The sale reduces his current holdings by 6,618 shares but the RSU grant represents future potential shares subject to vesting. This is factual reporting, not an indicator of insider sentiment.
Insider Transaction Report
Form 4
Freshworks Inc.FRSH
PADGETT BARRY L.
Director
Transactions
- Award
Class A Common Stock
[F1]2026-07-01+21,253→ 53,888 total - Sale
Class A Common Stock
[F2][F3]2026-07-01$10.49/sh−6,618$69,423→ 47,270 total
Footnotes (3)
- [F1]Represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy. Each of these RSUs represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The number of RSUs granted was calculated by dividing the applicable value of the equity by the average closing price of our common stock over the 30 consecutive trading days immediately preceding July 1, 2026, rounded down to the nearest whole share. The shares shall vest in full on July 1, 2027; provided, however, that in the event a director is up for re-election at the Issuer's next annual meeting of stockholders and is not elected to continue serving as a member of the board of directors at such annual meeting of stockholders, the shares shall be deemed fully vested on that annual meeting date.
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted September 18, 2025.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.36 to $10.61 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.
Signature
/s/ Pamela Sergeeff, Attorney-in-Fact|2026-07-02