Form 4: Five9 EVP Sells Over 7,000 Shares

Panos Kozanian, Five9's EVP of Product Engineering, sold 7,043 shares of common stock for approximately $181,756 through a pre-arranged trading plan.

Summary

• Panos Kozanian, Executive Vice President of Product Engineering at Five9, Inc. (FIVN), sold a total of 7,043 shares of the company's common stock.
• The sales occurred on August 13, 2025.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Kozanian on May 14, 2025.
• One batch of 1,900 shares was sold at a weighted average price of $25.34 per share, with individual prices ranging from $24.74 to $25.73.
• Another batch of 5,143 shares was sold at a weighted average price of $25.98 per share, with individual prices ranging from $25.74 to $26.20.
• Following these reported sales, Panos Kozanian beneficially owns 116,175 shares of Five9, Inc. common stock.

Sentiment

Score: 5

Explanation: The filing details a routine, pre-planned insider stock sale under a 10b5-1 plan, which is generally considered neutral as it does not typically signal new material information about the company's performance.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, which indicates the transactions were pre-scheduled and not a reaction to recent negative company developments or insider information.

Negatives

• The sale represents a reduction in direct ownership by a key executive, which can sometimes be perceived by the market as a slight negative, even if pre-planned.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale slightly reduces the direct ownership stake of a key executive, but its pre-planned nature mitigates concerns about negative signaling.

Key Dates

Recommendation

The filing details a routine, pre-planned sale of shares by an executive under a Rule 10b5-1 plan. This type of transaction is common for liquidity or diversification purposes and does not typically signal new material information about the company's performance or outlook. Therefore, it does not warrant a change in investment recommendation based solely on this disclosure.

Keywords

Five9, FIVN, Panos Kozanian, insider trading, stock sale, Form 4, Rule 10b5-1, executive transaction