Form 4: Five9 Executive Daniel P. Burkland Reports Stock Transactions
SEC Form 4 Filing
Daniel P. Burkland, President & Chief Revenue Officer of Five9, Inc., reports acquisition and disposal of company stock.
Summary
- On July 31, 2024, Daniel P. Burkland acquired 5,081 shares of Five9 common stock as part of a performance-based RSU settlement.
- On August 1, 2024, Burkland sold 2,637 shares of Five9 common stock at a price of $43.55 per share.
- The sale was to cover taxes upon the vesting of performance-based RSUs.
- Following these transactions, Burkland directly owns 130,079 shares of Five9 common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive, with no inherently positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Acquisition of 5,081 shares of Five9 common stock through RSU settlement. |
| 08/01/2024 | Sale of 2,637 shares of Five9 common stock at $43.55 per share. |
| 08/05/2024 | Date of signature for the Form 4 filing. |
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