Form 4: Five9 President Andy Dignan Reports Sale of 700 Shares
SEC Form 4 Filing
Andy Dignan, President of Five9, Inc., reported the sale of 700 shares of common stock at an average price of $25.52.
Summary
- On May 1, 2025, Andy Dignan, President of Five9, Inc., sold 700 shares of common stock.
- The sale was executed at a weighted average price of $25.52 per share, with individual transactions ranging from $25.10 to $26.01.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2024.
- Following the reported transaction, Dignan directly owns 232,009 shares of Five9 common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-05-01 | Date of stock sale transaction |
| 2025-05-05 | Date of Form 4 filing |
Keywords
Form 4, Five9, FIVN, Andy Dignan, Stock Sale, Rule 10b5-1, Insider Trading
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