In a recent SEC filing, Freshworks Inc. submitted a Form 144 indicating its intention to sell restricted shares. Form 144 is typically filed by company insiders or affiliates looking to sell shares in the open market. The filing is significant as it provides transparency to investors about potential selling activities by insiders, which can impact the company’s stock price.
Freshworks Inc. is a software company that provides customer engagement software. Founded in 2010, the company offers a suite of products that help businesses streamline their customer support, sales, and marketing processes. With a focus on cloud-based solutions, Freshworks Inc. has quickly grown to become a key player in the competitive software-as-a-service (SaaS) industry. For more information about Freshworks Inc., you can visit their website here.
Form 144 is a notice of proposed sale of securities filed with the Securities and Exchange Commission. It is required when an affiliate of a company, such as company executives or large shareholders, intends to sell restricted shares. The form helps ensure compliance with securities regulations and provides transparency to investors about insider trading activities. Investors often monitor Form 144 filings as they can provide insights into the confidence insiders have in the company’s future performance.
Read More:
Freshworks Inc. Files Form 144 with SEC – Latest Update on Company (0001544522)
Leave a Reply