SCHEDULE 13G/A: Accel Entities and Director Sameer K. Gandhi Update Beneficial Ownership in Freshworks Inc.

Accel investment funds and director Sameer K. Gandhi have filed an amendment to their Schedule 13G, detailing their beneficial ownership of Freshworks Inc. Class A common stock as of December 31, 2024.

Summary

• This Schedule 13G/A filing (Amendment No. 4) reports the beneficial ownership of Class A common stock of Freshworks Inc. by various Accel investment entities and Sameer K. Gandhi.
• As of December 31, 2024, Sameer K. Gandhi, a director of Freshworks Inc., beneficially owns an aggregate of 23,055,168 shares of Class A common stock, representing 9.2% of the class.
• This aggregate includes 909,077 shares with sole voting and dispositive power, and 22,146,091 shares with shared voting and dispositive power, primarily through his association with various Accel funds.
• The beneficial ownership percentages for individual Accel entities range from 0.0% to 3.1% of Freshworks Inc.'s Class A common stock.
• The total outstanding Class A Common Stock used for calculation is based on 232,984,740 shares as of November 1, 2024, plus convertible Class B shares held by the reporting persons.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without expressing positive or negative sentiment about the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by institutional investors and an insider, common in the software and technology industry. It reflects the ongoing investment positions of venture capital funds like Accel in publicly traded companies they previously backed.

Related Party Transactions

• Sameer K. Gandhi, a director of Freshworks Inc., is identified as a managing member or general partner of several Accel entities (ALFA, ALFI16, ALF2A, ALFI19, AGF2A, AGFI13, AIN3INV, AIN3A, AL3A) that collectively hold a significant beneficial interest in Freshworks Inc. Class A common stock. This establishes a related party relationship through his directorship and control over the investment funds' holdings.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional and insider ownership, which can influence perceptions of stability and long-term commitment from major investors.

Key Dates

Keywords

Freshworks Inc., Accel, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Institutional Investor, Corporate Governance, Investment Funds