Form 4: Five9 Interim CFO Sells Shares for Tax Obligations Following RSU Vesting
Insider Transaction Report
Five9, Inc.'s Interim CFO, Bryan M. Lee, sold 1,798 shares of common stock on June 4, 2025, at a weighted average price of $28.28 per share, to satisfy tax withholding obligations related to restricted stock unit vesting.
Summary
- Bryan M. Lee, Interim CFO of Five9, Inc. (FIVN), reported a sale of 1,798 shares of common stock.
- The transaction occurred on June 4, 2025.
- The shares were sold at a weighted average price of $28.28 per share.
- This sale was a Five9, Inc. mandated transaction to cover tax withholding obligations associated with the vesting and settlement of restricted stock units, and it does not represent a discretionary trade by the Reporting Person.
- Following this transaction, Bryan M. Lee beneficially owns 126,468 shares of Five9, Inc. common stock.
- The reported beneficial ownership includes 76 shares acquired under the Five9, Inc. Employee Stock Purchase Plan on May 15, 2025.
Sentiment
Score: 5
Explanation: The transaction reported is a routine, non-discretionary sale of shares by an insider to cover tax withholding obligations upon the vesting of restricted stock units, which is a common and expected event in executive compensation.
Future Outlook
NA
Management Comments
- The sale reported on this form 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 by the Reporting Person.
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Acquisition of 76 shares under the Five9, Inc. Employee Stock Purchase Plan. |
| 06/04/2025 | Date of common stock sale by Bryan M. Lee to cover tax withholding obligations. |
| 06/06/2025 | Date the Form 4 was signed by attorney-in-fact. |
Keywords
Five9, FIVN, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan, Bryan M. Lee, Interim CFO
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