Form 4: Five9 President Andy Dignan Executes Stock Sale
Statement of Changes in Beneficial Ownership
Five9 President Andy Dignan sold 11,276 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- Andy Dignan, President of Five9, Inc., sold a total of 11,276 shares of common stock on June 4 and June 5, 2026.
- The transactions were executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on September 2, 2025, and the company's sell-to-cover withholding policy.
- Following these transactions, Dignan retains beneficial ownership of 275,687 shares of Five9 common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was a pre-planned, routine administrative action to cover tax liabilities.
Positives
- The transactions were pre-planned under a Rule 10b5-1 trading plan, indicating the sales were not based on non-public information.
- The sales were specifically for tax coverage, which is a standard and routine administrative procedure for equity compensation.
Negatives
- The sale represents a reduction in the executive's direct equity stake in the company.
Risks
- Reliance on Rule 10b5-1 plans does not eliminate market volatility risks associated with the company's stock price.
Future Outlook
No forward-looking guidance regarding company performance was provided in this filing.
Industry Context
StockSavvy.ai notes that routine insider selling to cover tax obligations upon the vesting of equity awards is a standard practice in the technology sector and generally does not signal a change in management's outlook on the company's long-term prospects.
Comparison to Industry Standards
- The use of Rule 10b5-1 trading plans is the industry standard for corporate executives to manage equity holdings while avoiding potential conflicts with insider trading regulations.
Stakeholder Impact
- Minimal impact on shareholders as the sales were pre-planned and related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/02/2025 | Date the Rule 10b5-1 trading plan was adopted. |
| 06/04/2026 | Earliest transaction date for the reported stock sales. |
| 06/05/2026 | Final transaction date for the reported stock sales. |
| 06/08/2026 | Date of filing for the Form 4 statement. |
Keywords
Five9, FIVN, Insider Trading, Form 4, Equity Compensation, Rule 10b5-1
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.