Form 4: Five9 Executive Sells Shares for Tax & 10b5-1 Plan

Five9's SVP and Chief Accounting Officer, Leena Mansharamani, sold common stock primarily to cover tax withholding obligations and under a pre-arranged trading plan.

Summary

• Leena Mansharamani, SVP, Chief Accounting Officer of Five9, Inc. (FIVN), reported sales of common stock on September 4, 2025.
• A total of 2,969 shares were disposed of across three separate transactions.
• The first sale of 632 shares at a weighted average price of $25.72 was a mandated sale to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs).
• The subsequent sales of 1,214 shares at a weighted average price of $25.66 (ranging from $25.29 to $25.99) and 1,123 shares at a weighted average price of $26.14 (ranging from $25.99 to $26.34) were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024, and also to cover taxes upon RSU vesting.
• Following these transactions, Ms. Mansharamani beneficially owns 41,522 shares of Five9 common stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, specifically sales to cover tax obligations and pursuant to a pre-arranged 10b5-1 trading plan. These are generally considered neutral events as they are not discretionary sales based on new information.

Negatives

• The reporting person's beneficial ownership of common stock decreased by 2,969 shares following these transactions.

Future Outlook

NA

Management Comments

• The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of shares by a senior executive, even for tax purposes or under a 10b5-1 plan, slightly reduces the executive's direct ownership stake in the company. However, given the routine nature, the impact is minimal.

Key Dates

Recommendation

The filing details routine insider stock sales by a Five9 executive, primarily to cover tax obligations related to restricted stock unit vesting and pursuant to a pre-arranged 10b5-1 trading plan. These transactions are not indicative of a change in the company's fundamental outlook or the executive's confidence, and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

Five9, FIVN, insider trading, Form 4, stock sale, executive compensation, 10b5-1 plan, restricted stock units