Form 4: Five9 Executive Sells Shares for Tax Obligations

Five9's SVP, Chief Accounting Officer, Leena Mansharamani, sold common stock totaling 2,951 shares on December 4, 2025, primarily to cover tax withholding obligations related to RSU vesting.

Summary

• Leena Mansharamani, SVP, Chief Accounting Officer of Five9, Inc., reported sales of common stock.
• A total of 2,951 shares of Five9, Inc. common stock were sold on December 4, 2025.
• The sales were executed in three separate transactions at weighted average prices of $20.35, $20.28, and $20.58 per share.
• The initial sale of 617 shares was a Five9, Inc. mandated sale to cover tax withholding obligations upon the vesting and settlement of restricted stock units (RSUs), and was not a discretionary trade.
• Additional sales of 1,187 shares and 1,147 shares were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024, also to cover taxes upon the vesting of restricted stock units.
• Following these transactions, Leena Mansharamani beneficially owns 38,571 shares of Five9, Inc. common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported transactions are non-discretionary sales primarily to cover tax obligations related to RSU vesting, which is a common and routine event for executives.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Management Comments

• The sale reported for 617 shares represents a Five9, Inc. mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units, and it does not represent a discretionary trade.
• The sales reported for 1,187 and 1,147 shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2024, and were to cover taxes upon the vesting of restricted stock units.

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes and does not provide information related to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: The sale of shares by an executive for tax purposes is a routine event and typically has minimal direct impact on shareholders, as it is not indicative of a change in management's outlook on the company's prospects.

Key Dates

Recommendation

The reported transactions are routine, non-discretionary sales by an executive to cover tax withholding obligations upon the vesting of restricted stock units. Such sales are common and do not typically signal a change in the company's fundamentals or the executive's confidence in the company. Therefore, this filing alone does not warrant a change in investment recommendation.

Keywords

Five9, FIVN, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, Leena Mansharamani, 10b5-1 Plan