Girish Mathrubootham Sells Freshworks Shares Worth $40 Mn

Nasdaq-listed SaaS major Freshworks’ founder and executive chairman Girish Mathrubootham has sold 2.5 Mn shares of the company worth approximately $40 Mn. 

According to Freshworks’ filings with the SEC, Mathrubootham sold his stake in two tranches. On December 18, the former CEO sold 8.35 Lakh shares for $134.27 Mn and then sold 1.66 Mn shares for $260.74 Mn on December 19. 

Post the sale, Mathrubootham’s total stake in the company is reduced to 232.98 Mn shares. 

This marks another instance of Mathrubootham’s separation from the company that he founded. In May, he stepped down from his role as the CEO of SaaS giant. He was replaced by Freshwork’s president Dennis Woodside. 

Announcing his departure from the company’s day-to-day operations, Mathrubootham said that he would be allocating more time to the long-term product vision, innovation, and AI strategy. Mathrubootham continues to be the company’s executive chairman.

(The story will be updated shortly.)

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