Form 4: Five9 EVP Sells Shares for Tax Obligations

Five9's EVP of Product Engineering, Panos Kozanian, sold shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Panos Kozanian, Executive Vice President of Product Engineering at Five9, Inc. (FIVN), reported sales of common stock.
• The transactions occurred on March 4, 2026, and were executed pursuant to a Rule 10b5-1 trading plan adopted on May 14, 2025.
• A total of 3,860 shares were sold at a weighted average price of $17.78 per share, with prices ranging from $17.49 to $17.92.
• An additional 7,002 shares were sold at a weighted average price of $17.98 per share, with prices ranging from $17.92 to $18.07.
• The purpose of these sales was to cover taxes upon the vesting of restricted stock units.
• Following these transactions, Panos Kozanian beneficially owns 167,540 shares of Five9, Inc. common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine, non-discretionary transaction by an executive to cover tax liabilities associated with the vesting of restricted stock units, which typically does not signal a change in sentiment regarding the company's prospects.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales to cover tax obligations upon the vesting of restricted stock units are a common and routine occurrence for executives. These transactions are typically non-discretionary and executed under pre-arranged 10b5-1 trading plans, and generally do not signal a change in management's long-term outlook for the company or its industry position.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock units, executed under a pre-arranged 10b5-1 trading plan. Such transactions are common and generally do not reflect a change in the executive's confidence in the company's future prospects, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Five9, FIVN, Insider Trading, Form 4, Stock Sale, Panos Kozanian, Restricted Stock Units, 10b5-1 Plan, Executive Compensation