Form 4: Five9 President Sells Shares Under 10b5-1 Plan

Five9, Inc. President Andy Dignan sold 700 shares of common stock for approximately $17,000 through a pre-arranged trading plan.

Summary

• Andy Dignan, President of Five9, Inc., reported the sale of 700 shares of Five9 common stock.
• The transactions occurred on October 1, 2025.
• A total of 665 shares were sold at a weighted average price of $23.94 per share, ranging from $23.61 to $24.44.
• An additional 35 shares were sold at a price of $24.62 per share.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Dignan on December 10, 2024.
• Following these transactions, Mr. Dignan beneficially owns 216,725 shares of Five9 common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the execution under a Rule 10b5-1 plan indicates a pre-scheduled, non-discretionary transaction, mitigating any immediate negative implications regarding management's confidence in the company's future.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than a reaction to new, non-public information, which often mitigates negative investor sentiment associated with insider selling.

Negatives

• Insider selling, even when pre-planned, reduces the direct equity stake of a key executive in the company.

Risks

• NA

Future Outlook

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

Industry Context

This is a routine insider transaction disclosure and does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in direct insider ownership, but the pre-planned nature under Rule 10b5-1 suggests it is not a signal of diminished confidence.

Key Dates

Keywords

Five9, FIVN, Andy Dignan, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation