Form 4: Five9 COO Andy Dignan Sells Shares to Cover Taxes
SEC Form 4 Filing
Andy Dignan, COO of Five9, Inc., sold 4,245 shares of common stock on September 4, 2024, to cover taxes upon the vesting of restricted stock units.
Summary
- On September 4, 2024, Andy Dignan, the Chief Operating Officer of Five9, Inc., sold 4,245 shares of the company's common stock.
- The sale was executed at a weighted average price of $30.26 per share.
- The purpose of the sale was to cover taxes associated with the vesting of restricted stock units.
- Following the transaction, Dignan directly owns 119,927 shares of Five9 common stock.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Sales of shares to cover taxes on vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of the stock sale transaction. |
| 09/06/2024 | Date of signature on the Form 4 filing. |
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