Freshworks (FRSH) Chief Accounting Officer Lawrence Philippa Sells Shares

What Happened
Lawrence Philippa, Chief Accounting Officer of Freshworks (FRSH), disposed of a total of 66,848 shares in early September 2026. On 2026-09-02 he sold 52,767 shares in an open-market transaction under a Rule 10b5-1 plan for a weighted average price of $13.25 per share (proceeds ~$699,163). On 2026-09-01, 14,081 shares were withheld to satisfy tax withholding on the vesting of RSUs at $13.46 per share (value ~$189,530). Combined, the transactions amount to approximately $888,693. These were sales/withholding (dispositions), not purchases.

Key Details

• Transaction dates and amounts:
  • 2026-09-01: 14,081 shares withheld for taxes at $13.46/share — $189,530 (code F: tax withholding on RSU vesting).
  • 2026-09-02: 52,767 shares sold in the open market at a weighted avg $13.25/share — $699,163 (code S: sale).
• Reported weighted-average sale price $13.25; sales executed at prices ranging $13.18–$13.47 per share (footnote F3). The filer can provide a per-price breakdown on request.
• Footnotes of note:
  • F1: Withheld units satisfied tax withholding for RSUs granted on Sept 1, 2024.
  • F2: Open-market sales were effected pursuant to a Rule 10b5-1 trading plan adopted Mar 18, 2026.
  • F3: Weighted average price and price range disclosure (see above).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: Form filed 2026-09-03 for transactions on 2026-09-01 and 2026-09-02 — no late filing indicated.

Context

• The 14,081-share disposition was a tax-withholding event tied to RSU vesting (a routine administrative disposition), not a market sale. The 52,767-share sale was executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and can reduce the significance of the timing of the sale. Purchases tend to signal more direct insider bullishness; these transactions are disposals and should be interpreted accordingly (factual reporting only).