Freshworks Announces Inducement Grant under Listing Rule 5635(C)(4) of the Nasdaq Stock Market
Freshworks announced that it granted a restricted stock unit award covering 1,162,790 shares of Class A common stock to its recently appointed Chief Product and Technology Officer, Ryan Manning, under its 2022 Inducement Plan. The award was made as an inducement material to Manning becoming a new employee, in accordance with Nasdaq Listing Rule 5635(c)(4).
Why it matters — A FRSH watcher would care because this stock-based inducement grant signals the company's retention of a newly appointed senior executive while noting a potential dilution from the additional shares.