Form 4: Five9 COO Andy Dignan Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Andy Dignan, COO of Five9, Inc., sold 2,840 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, Andy Dignan, the Chief Operating Officer of Five9, Inc., sold 2,840 shares of the company's common stock.
- The sale was mandated by Five9 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, Dignan directly owns 194,201 shares of Five9 common stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (stock sale for tax obligations). It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of stock sale transaction |
| 03/06/2025 | Date of Form 4 filing |
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