Form 4: Five9 CFO Barry Zwarenstein Reports Stock Transactions
SEC Form 4 Filing
CFO of Five9, Barry Zwarenstein, reports acquisition and disposal of company stock, including sales to cover taxes on vested RSUs.
Summary
- Barry Zwarenstein, CFO of Five9, reported transactions involving Five9 common stock.
- On March 4, 2024, Zwarenstein acquired 5,821 shares of common stock at $0, likely through the settlement of performance-based RSUs.
- On March 5, 2024, Zwarenstein sold 2,325 shares at an average price of $58.77 and 4,720 shares at an average price of $58.78.
- These sales were to cover taxes upon the vesting of performance-based and restricted stock units.
- Following these transactions, Zwarenstein directly owns 117,202 shares and indirectly owns 95,569 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the tech industry. It provides transparency into the actions of key executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased trading volume, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Acquisition of 5,821 shares of common stock. |
| 03/05/2024 | Sale of 2,325 shares of common stock at $58.77 and 4,720 shares at $58.78. |
| 03/06/2024 | Date of Form 4 filing. |
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