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.