Five9 (NASDAQ: FIVN) SVP discloses tax-withholding stock sales under 10b5-1
Rhea-AI Filing Summary
Five9, Inc.'s Senior Vice President and Chief Accounting Officer reported multiple small sales of company common stock on December 4, 2025. She sold 617, 1,187 and 1,147 shares at weighted-average prices of $20.35, $20.28 and $20.58, respectively, and now directly holds 38,571 shares.
The filing explains that these sales were mandated by Five9 to cover tax withholding obligations arising from the vesting and settlement of restricted stock units. The transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2024, and are characterized as non-discretionary rather than voluntary open-market trades.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 617 | $20.35 | $13K |
| Sale | Common Stock | 1,187 | $20.28 | $24K |
| Sale | Common Stock | 1,147 | $20.58 | $24K |
Footnotes (1)
- The sale reported on this form represents a Five9, Inc. mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units, and it does not represent a discretionary trade by the Reporting Person. The price reported in Column 4 is a weighted average price applied to the transaction by the broker for sales to cover taxes upon vesting of restricted stock units for all employees of Five9, Inc., including the Reporting Person, on the date such sales occurred. 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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2024. 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 $20.18 to $20.42, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.42 to $20.73, 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 insider stock transactions did Five9 (FIVN) report in this Form 4?
The report shows the SVP and Chief Accounting Officer of Five9, Inc. sold 617, 1,187 and 1,147 shares of common stock on December 4, 2025, at weighted-average prices of $20.35, $20.28 and $20.58, respectively.
Who is the reporting person in the Five9 (FIVN) Form 4 and what is their role?
The reporting person is an officer of Five9, Inc., serving as Senior Vice President and Chief Accounting Officer, and is treated as a reporting insider for these equity transactions.
Were the Five9 (FIVN) stock sales discretionary trades by the insider?
No. The filing explains that the sale to cover taxes was mandated by Five9 and "does not represent a discretionary trade" by the reporting person, but instead was linked to restricted stock unit vesting.
Were the Five9 (FIVN) sales made under a Rule 10b5-1 trading plan?
Yes. The explanation notes that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2024, which pre-arranged the transactions.
What price ranges applied to the Five9 (FIVN) stock sales in this Form 4?
The filing notes weighted-average prices and indicates that some shares were sold in multiple transactions at prices ranging from $20.18 to $20.42 and from $20.42 to $20.73, with full breakdowns available on request.