Form 4: Five9 Executive Panos Kozanian Sells Shares Under 10b5-1 Trading Plan

Five9's EVP of Product Engineering, Panos Kozanian, sold a portion of his holdings in two transactions on June 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Panos Kozanian, EVP of Product Engineering at Five9, Inc., reported the sale of common stock on June 12, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 13, 2024.
• A total of 4,040 shares were sold at a weighted average price of $43.95, with individual prices ranging from $43.58 to $44.58.
• An additional 6,192 shares were sold at a weighted average price of $45.04, with individual prices ranging from $44.59 to $45.47.
• Following these transactions, Kozanian directly owns 84,245 shares of Five9 common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that these sales were executed under a 10b5-1 trading plan suggests they were pre-planned and not based on any immediate inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates