Form 4: Five9 COO Andy Dignan Reports Sale of Shares to Cover Taxes

Andy Dignan, COO of Five9, Inc., reported the sale of 5,731 shares of common stock to cover taxes upon the vesting of restricted stock units.

Summary

• On June 4, 2024, Andy Dignan, the Chief Operating Officer of Five9, Inc., sold 5,731 shares of common stock.
• The sale was executed at a weighted average price of $46.3 per share.
• This transaction was to cover taxes upon the vesting of restricted stock units, in accordance with Five9, Inc.'s sell-to-cover withholding policy.
• Following the transaction, Dignan beneficially owns 124,172 shares of Five9, Inc.
• This includes 344 shares acquired under the Five9, Inc. Employee Stock Purchase Plan on May 15, 2024.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations and does not indicate a change in the executive's confidence in the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The sale of shares may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates