Freshworks Announces Inducement Grant Under Listing Rule 5635(c)(4) of The Nasdaq Stock Market

Rhea-AI Summary

Freshworks Inc. (NASDAQ: FRSH) granted 377,180 shares of restricted stock units to Mika Yamamoto, the new Chief Customer and Marketing Officer. The award is an inducement for her joining the company and will vest over approximately two years, subject to continued employment.

SAN MATEO, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ: FRSH), a leading software company empowering businesses to delight their customers and employees, today announced that it granted to Mika Yamamoto, Freshworks’ recently-appointed Chief Customer and Marketing Officer, a restricted stock unit award covering 377,180 shares of Freshworks’ Class A common stock under its 2022 Inducement Plan. The award was granted as an inducement material to Ms. Yamamoto becoming a new employee of Freshworks in accordance with The Nasdaq Stock Market Listing Rule 5635(c)(4).

The award will vest over approximately two years, with 50% of the award vesting on December 1, 2024, and 12.5% of the award vesting quarterly thereafter over the remaining year, subject to continued employment with Freshworks through the relevant vesting date. The award is subject to the terms and conditions of Freshworks’ 2022 Inducement Plan and the terms and conditions of a restricted stock unit award agreement covering the award.

About Freshworks Inc.

Freshworks Inc., (NASDAQ: FRSH) creates AI-boosted business software anyone can use. Purpose-built for IT, customer support, and sales and marketing teams, our products are designed to let everyone work more efficiently and deliver more value for immediate business impact. Headquartered in San Mateo, California, Freshworks operates around the world to serve more than 66,000 customers, including American Express, Blue Nile, Bridgestone, Databricks, Fila, and OfficeMax. For the freshest company news, visit www.freshworks.com and follow us on Facebook, LinkedIn, and X.

Investor Relations Contact:

Joon Huh

IR@freshworks.com

650-988-5699

Media Relations Contact:

Jayne Gonzalez

PR@freshworks.com

408-348-1087

© 2023 Freshworks Inc. All Rights Reserved. Freshworks and its associated logo is a trademark of Freshworks Inc. All other company, brand and product names may be trademarks or registered trademarks of their respective companies. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Freshworks Inc. or any aspect of this press release.

FAQ

What is the recent announcement from Freshworks Inc. (NASDAQ: FRSH)?

Freshworks Inc. (NASDAQ: FRSH) granted 377,180 shares of restricted stock units to Mika Yamamoto, the new Chief Customer and Marketing Officer.

Who is the recipient of the restricted stock unit award from Freshworks Inc. (NASDAQ: FRSH)?

Mika Yamamoto, Freshworks’ recently-appointed Chief Customer and Marketing Officer, is the recipient.

Under which plan was the award granted by Freshworks Inc. (NASDAQ: FRSH)?

The award was granted under Freshworks’ 2022 Inducement Plan.

What are the vesting details of the awarded shares by Freshworks Inc. (NASDAQ: FRSH)?

50% of the award will vest on December 1, 2024, and 12.5% will vest quarterly thereafter over the remaining year, subject to continued employment.

What is the total number of shares covered by the restricted stock unit award from Freshworks Inc. (NASDAQ: FRSH)?

The award covers 377,180 shares of Freshworks’ Class A common stock.

What is the purpose of the award granted by Freshworks Inc. (NASDAQ: FRSH)?

The award was granted as an inducement material to Ms. Yamamoto becoming a new employee of Freshworks in accordance with The Nasdaq Stock Market Listing Rule 5635(c)(4).