Form 4: Five9 Executive Daniel P. Burkland Reports Stock Transactions

Daniel P. Burkland, President & Chief Revenue Officer of Five9, Inc., reports the acquisition and disposition of company stock.

Summary

• On August 23, 2024, Daniel P. Burkland acquired 5,080 shares of Five9 common stock.
• These shares were acquired at a price of $0, likely through the settlement of performance-based Restricted Stock Units (RSUs).
• Following this acquisition, Burkland directly owned 135,159 shares of Five9 common stock.
• On August 26, 2024, Burkland sold 2,605 shares of Five9 common stock at a weighted average price of $33.41.
• This sale was to cover taxes upon the vesting of performance-based RSUs.
• After the sale, Burkland directly owned 132,554 shares of Five9 common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates