Tax-related stock sales by Five9 (NASDAQ: FIVN) president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Five9, Inc. president Andy Dignan reported planned stock sales under a pre-set trading plan. He sold 4,924 shares of common stock on March 4, 2026 at a weighted average price of $17.69 per share and 3,369 shares on March 5, 2026 at a weighted average price of $17.92 per share, totaling 8,293 shares in open-market transactions.
According to the disclosure, these sales were executed under a Rule 10b5-1 trading plan adopted on September 3, 2025 and were made to cover taxes due upon the vesting of restricted stock units. After the transactions, he directly owned 286,963 Five9 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,293 shares ($147,478)
Net Sell
2 txns
Insider
Dignan Andy
Role
President
Sold
8,293 shs ($147K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,369 | $17.92 | $60K |
| Sale | Common Stock | 4,924 | $17.69 | $87K |
Holdings After Transaction:
Common Stock — 286,963 shares (Direct)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 3, 2025. The reported sales were to cover taxes upon the vesting of restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.46 to $17.96, inclusive. The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
FAQ
What did Five9 (FIVN) president Andy Dignan report in this Form 4?
Andy Dignan reported selling 8,293 shares of Five9 common stock in open-market transactions. The sales occurred on March 4 and March 5, 2026, at weighted average prices of $17.69 and $17.92 per share, and were conducted under a pre-arranged Rule 10b5-1 trading plan.
Why were Andy Dignan’s Five9 (FIVN) stock sales executed, according to the filing?
The filing states that the reported stock sales were made to cover taxes upon the vesting of restricted stock units. It also notes that the transactions were carried out under a Rule 10b5-1 trading plan, which had been adopted in advance by the reporting person.
What is a Rule 10b5-1 trading plan as used in the Five9 (FIVN) Form 4?
A Rule 10b5-1 trading plan allows insiders to pre-arrange stock trades according to set instructions. The Form 4 explains that Andy Dignan’s March 2026 Five9 stock sales were effected under such a plan, which he adopted on September 3, 2025, before the reported transactions occurred.
What price range applied to Andy Dignan’s Five9 (FIVN) stock sales?
The Form 4 notes that the reported prices are weighted averages for multiple trades within price ranges. For one set of sales, shares were sold between $17.46 and $17.96 per share, with the weighted average reported, and detailed per-trade information is available upon request from the reporting person.