Form 4: Five9 COO Andy Dignan Sells Shares to Cover Taxes

Andy Dignan, COO of Five9, Inc., sold 3,670 shares of common stock on March 5, 2024, to cover taxes upon the vesting of restricted stock units.

Summary

• On March 5, 2024, Andy Dignan, the Chief Operating Officer of Five9, Inc., sold 3,670 shares of the company's common stock.
• The sale was executed at a weighted average price of $59.06 per share.
• The shares were sold in multiple transactions with prices ranging from $58.85 to $59.17.
• The purpose of the sale was to cover taxes associated with the vesting of restricted stock units.
• Following the transaction, Dignan directly owns 136,899 shares of Five9 common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.

Industry Context

This is a routine Form 4 filing, indicating insider activity. It's common for executives to sell shares to cover tax obligations when restricted stock units vest. The market will likely view this as a normal course of business, unless the sale was substantial enough to indicate a change in sentiment.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates