Lawrence Philippa 4

What Happened

• Lawrence Philippa, Chief Accounting Officer of Freshworks (FRSH), disposed of a total of 9,679 shares in early July 2026, generating roughly $99,352.
  • 2,086 shares withheld for taxes from RSUs vesting on 2/13/2025 at $10.34 each — $21,569 (coded F).
  • 4,123 shares withheld for taxes from RSUs vesting on 1/2/2026 at $10.34 each — $42,632 (coded F).
  • 3,470 shares sold in the open market on 7/6/2026 at $10.13 each — $35,151 (coded S).

Key Details

• Transaction dates and prices:
  • 2026-07-02: 2,086 shares @ $10.34 (tax withholding) and 4,123 shares @ $10.34 (tax withholding).
  • 2026-07-06: 3,470 shares @ $10.13 (open-market sale).
• Total shares sold: 9,679; approximate total proceeds: $99,352.
• Shares owned after the transactions: not specified in the information provided.
• Footnotes of note:
  • F1/F2: Units were withheld to satisfy tax withholding obligations for RSUs that vested (cashless tax-withholdings).
  • F3: The open-market sale was effected under a pre-arranged Rule 10b5-1 trading plan (adopted 3/18/2026).
• Filing details: Form filed 2026-07-06 reporting transactions on 2026-07-02 and 2026-07-06 (Accession: 0001544522-26-000122). No indication in the provided data that the filing was late.

Context

• The July 2 transactions were tax-withholdings related to RSU vesting (not active purchases or discretionary sales).
• The July 6 open-market sale was executed under a 10b5-1 plan, which is a pre-set trading arrangement; such sales are often automated and do not necessarily reflect the insider’s current view of the company.
• These are disposals (sales/withholdings), which are routine for RSU tax obligations and plan-driven sales; they are generally considered less informative than voluntary purchases.