Form 4: Five9 Executive Acquires Shares and Updates Power of Attorney

Panos Kozanian, EVP of Product Engineering at Five9, acquired shares and updated his power of attorney for SEC reporting purposes.

Summary

• Panos Kozanian, an executive at Five9, Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 64,969 shares of common stock on February 25, 2025, at $0 price.
• Following the transaction, Kozanian beneficially owns 133,978 shares.
• Kozanian also updated his Limited Power of Attorney, appointing Tiffany Meriweather, Barry Zwarenstein, and Leena Mansharamani to handle SEC filings on his behalf.
• The power of attorney grants them the authority to prepare and submit SEC forms related to Section 13 and Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock ownership and power of attorney, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The updated power of attorney ensures continued compliance with SEC reporting requirements.

Key Dates