---
schema_version: "secwatch.filing_event.v1"
accession: "0001544522-24-000016"
form_type: "8-K"
ticker: "FRSH"
cik: "0001544522"
company_name: "Freshworks Inc."
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:12:58.573732+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Freshworks cancels CEO's 6M-share PRSU award, grants $19M replacement equity

## Summary
- Board approved cancellation of CEO Mathrubootham's 2021 PRSU award (6M shares, stock price hurdles) effective March 1, 2024 due to macro conditions making hurdles unattainable.
- CEO receives new annual LTI award valued at $19M in time-based RSUs (70%) and performance-based RSUs (30%) vesting over 4 years.
- President Dennis Woodside gets annual award of $15M; CFO Tyler Sloat gets $6M annual plus $4M special refresh RSU; CPO Ramamurthy gets $6M annual.
- Performance-based PRSUs tied to 2024 revenue and free cash flow targets; payout ranges 0%-200% for revenue and 0%-125% for FCF.

## SEC filing metadata
- accession: 0001544522-24-000016
- form_type: 8-K
- ticker: FRSH
- cik: 0001544522
- company_name: Freshworks Inc.
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1544522/000154452224000016/0001544522-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1544522/000154452224000016/frsh-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001544522-24-000016
- JSON: https://secwatch.observer/filing/0001544522-24-000016.json
- Plain text: https://secwatch.observer/filing/0001544522-24-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.