Form 4: Five9 Executive Daniel P. Burkland Reports Stock Transactions
SEC Form 4
Daniel P. Burkland, President & Chief Revenue Officer of Five9, Inc., reports the acquisition and disposition of company stock related to the settlement of performance-based RSUs.
Summary
- On March 4, 2024, Daniel P. Burkland acquired 11,565 shares of Five9 common stock through the settlement of performance-based Restricted Stock Units (RSUs).
- On March 5, 2024, Burkland sold 5,167 shares at an average price of $58.26 and 6,409 shares at an average price of $58.34.
- These sales were to cover taxes upon the vesting of the performance-based RSUs.
- Following these transactions, Burkland directly owns 134,989 shares of Five9 common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The sales are related to tax obligations from RSU vesting, which is a normal occurrence.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Acquisition of 11,565 shares of Five9 common stock through RSU settlement |
| 03/05/2024 | Sale of 5,167 shares of Five9 common stock at an average price of $58.26 |
| 03/05/2024 | Sale of 6,409 shares of Five9 common stock at an average price of $58.34 |
| 03/06/2024 | Date of signature for the Form 4 filing |
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