Form 4: Five9 CFO Barry Zwarenstein Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Barry Zwarenstein, CFO of Five9, Inc., sold 2,468 shares of common stock on March 4, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 4, 2025, Barry Zwarenstein, the Chief Financial Officer of Five9, Inc., sold 2,468 shares of the company's common stock.
- The sale was mandated by Five9, Inc. to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- The shares were sold at a weighted average price of $33.23 per share.
- Following the transaction, Zwarenstein directly owns 92,583 shares and indirectly owns 88,466 shares through a trust.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes). It doesn't indicate positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of the stock sale transaction. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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