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

Five9's Chief Operating Officer, Andy Dignan, sold 4,109 shares of common stock to cover taxes upon the vesting of restricted stock units.

Summary

• Andy Dignan, the Chief Operating Officer of Five9, Inc., sold 4,109 shares of common stock on December 4, 2024.
• The sale was executed at a weighted average price of $41.85 per share.
• This transaction was to cover taxes associated with the vesting of restricted stock units.
• Following the transaction, Dignan directly owns 115,818 shares of Five9 common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment towards the company's performance or future prospects.

Industry Context

Sales of shares by company executives to cover taxes after vesting are a common practice and do not necessarily indicate a negative outlook for the company.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a standard practice across publicly traded companies.
• The sale of 4,109 shares by the COO is relatively small compared to the total outstanding shares of Five9 and is not unusual for executives managing their personal finances after stock vesting.
• Similar transactions are regularly reported by executives at comparable tech companies such as Zoom, Twilio, and RingCentral.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Five9, stock sale, insider trading, Andy Dignan, restricted stock units, tax withholding, FIVN