Freshworks (NASDAQ: FRSH) CEO uses 106,878 shares to cover RSU taxes
Rhea-AI Filing Summary
Freshworks CEO & President Dennis Woodside reported tax-withholding dispositions totaling 106,878 shares of Class A common stock on June 1, 2026, at an indicated price of $10.68 per share to satisfy RSU-related obligations. After these entries, he holds 2,877,084 shares directly and 278,027 shares indirectly via The Woodside 2012 Irrevocable Trust. Holdings also include 2,123 shares acquired through the company's Employee Stock Purchase Plan.
Positive
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Insider Trade Summary
Net Seller: 106,878 shares
Net Sell
6 txns
Insider
Woodside Dennis
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 53,686 | $10.68 | $573K |
| Exercise Price or Tax Liability | Class A Common Stock | 15,178 | $10.68 | $162K |
| Exercise Price or Tax Liability | Class A Common Stock | 8,873 | $10.68 | $95K |
| Exercise Price or Tax Liability | Class A Common Stock | 18,187 | $10.68 | $194K |
| Exercise Price or Tax Liability | Class A Common Stock | 10,954 | $10.68 | $117K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,877,084 shares (Direct);
Class A Common Stock — 278,027 shares (Indirect, The Woodside 2012 Irrevocable Trust)
Footnotes (4)
- F1. Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on September 1, 2022.
- F2. Includes 2,123 shares of Class A common stock purchased pursuant to the Issuer's Employee Stock Purchase Plan (ESPP) for the ESPP purchase period from November 17, 2025 through May 15, 2026. This transaction is exempt from Rule 16b-3(c). In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's Class A common stock on May 15, 2026.
- F3. Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on March 1, 2024.
- F4. Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on March 1, 2025.
Key Figures
Tax-withholding shares: 106,878 shares
Per-share price: $10.68 per share
Direct holdings after transactions: 2,877,084 shares
+3 more
6 metrics
Tax-withholding shares
106,878 shares
Class A common stock used to satisfy RSU-related tax obligations on June 1, 2026
Per-share price
$10.68 per share
Indicated price for the tax-withholding dispositions on June 1, 2026
Direct holdings after transactions
2,877,084 shares
Direct Class A common stock held by Dennis Woodside after reported entries
Indirect trust holdings
278,027 shares
Class A shares held via The Woodside 2012 Irrevocable Trust
ESPP shares
2,123 shares
Shares purchased under the ESPP for the period November 17, 2025 through May 15, 2026
Tax-withholding transactions
5
Number of F-code tax-withholding disposition entries reported
Key Terms
tax withholding obligations, RSUs, Employee Stock Purchase Plan (ESPP), Rule 16b-3(c)
4 terms
tax withholding obligations financial
"Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs"
RSUs financial
"Units withheld to satisfy tax withholding obligations due in connection with the vesting of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Employee Stock Purchase Plan (ESPP) financial
"Includes 2,123 shares of Class A common stock purchased pursuant to the Issuer's Employee Stock Purchase Plan (ESPP)"
Rule 16b-3(c) regulatory
"This transaction is exempt from Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Freshworks (FRSH) CEO Dennis Woodside report in this Form 4?
Dennis Woodside reported tax-withholding dispositions of 106,878 Class A shares on June 1, 2026, at $10.68 per share. These shares were used to cover RSU-related tax obligations rather than open-market sales.
Does this Freshworks (FRSH) Form 4 indicate open-market selling by the CEO?
No. The reported F-code entries are tax-withholding dispositions tied to RSU vesting, not open-market sales. Shares were delivered to satisfy tax obligations, a common administrative transaction for equity compensation.