Freshworks Announces Inducement Grants Under Listing Rule 5635(c)(4) of The Nasdaq Stock Market
September 01 2022 - 8:15PM
Freshworks Inc. (NASDAQ: FRSH), a leading software company
empowering businesses to delight their customers and employees,
today announced that it granted to Dennis Woodside, Freshworks’
recently-appointed President and director, the following equity
awards under its 2022 Inducement Plan: (1) a restricted stock unit
award covering 1,732,501 shares of Freshworks’ Class A common stock
and (2) an option to purchase 1,776,780 shares of Freshworks’ Class
A common stock at an exercise price of $13.61. Each award was
granted as an inducement material to Mr. Woodside becoming a new
employee of Freshworks in accordance with The Nasdaq Stock Market
Listing Rule 5635(c)(4).
Each award will vest over approximately four years, with 1/4th
of the award vesting on September 1, 2023, and 1/16th of the award
vesting quarterly thereafter over the remaining three years,
subject to continued employment with Freshworks through the
relevant vesting date. Each equity 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) makes business software people
love to use. Purpose-built for IT, customer support, sales and
marketing teams, our products empower the people who power
business. Freshworks is fast to onboard, priced affordably, built
to delight, yet powerful enough to deliver critical business
outcomes. Headquartered in San Mateo, California, Freshworks
operates around the world to serve more than 58,000 customers
including Bridgestone, Chargebee, DeliveryHero, ITV, Klarna,
Multichoice, OfficeMax, TaylorMade and Vice Media. For the freshest
company news visit www.freshworks.com and follow us on Facebook,
LinkedIn and Twitter.
Investor Relations Contact:Joon
HuhIR@freshworks.com 650-988-5699
Media Relations Contact:Jayne Gonzalez
PR@freshworks.com 408-348-1087
© 2022 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 first parties of Freshworks Inc.
or any aspect of this press release.
Freshworks (NASDAQ:FRSH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Freshworks (NASDAQ:FRSH)
Historical Stock Chart
From Jul 2023 to Jul 2024