Form 4: Five9 EVP Panos Kozanian Executes Tax-Related Stock Sale

Five9, Inc. EVP of Product Engineering Panos Kozanian sold 5,869 shares to cover tax obligations related to RSU vesting.

Summary

• Panos Kozanian, EVP of Product Engineering at Five9, Inc., sold 5,869 shares of common stock.
• The transaction occurred on June 4, 2026, at a weighted average price of $24.81 per share.
• The sale was a mandatory action to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following this transaction, the reporting person retains beneficial ownership of 161,671 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was purely administrative and mandatory for tax purposes.

Positives

• The transaction was non-discretionary and mandated by the company to cover tax liabilities, indicating no change in the executive's long-term outlook on the company.

Negatives

• Reduction in the executive's direct shareholding by 5,869 shares.

Risks

• None identified; this is a routine administrative transaction related to compensation vesting.

Future Outlook

Not applicable; this is a retrospective disclosure of a completed transaction.

Management Comments

• The sale represents a mandated sale to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units, and it does not represent a discretionary trade.

Industry Context

StockSavvy.ai notes that mandatory 'sell-to-cover' transactions are standard industry practice for executives receiving equity-based compensation and do not typically signal a change in management sentiment regarding company performance.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for handling tax obligations on equity compensation vesting across the technology sector.

Stakeholder Impact

• No material impact on shareholders, employees, or creditors as the transaction was non-discretionary.

Next Steps

• None; this is a completed regulatory disclosure.

Key Dates

Keywords

Five9, FIVN, Insider Trading, Form 4, Tax Withholding, Executive Compensation