Form 4: Five9 SVP, Chief Accounting Officer, Leena Mansharamani, Reports Sale of Shares to Cover Tax Obligations

Leena Mansharamani, SVP, Chief Accounting Officer of Five9, Inc., reports a sale of 1,517 shares of common stock on March 4, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 4, 2025, Leena Mansharamani, SVP, Chief Accounting Officer of Five9, Inc., sold 1,517 shares of common stock.
• The sale was mandated by Five9, Inc. to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
• The shares were sold at a weighted average price of $33.23.
• Following the transaction, Mansharamani beneficially owns 48,300 shares of Five9, Inc. common stock.
• An administrative error in a previous filing on March 8, 2022, underreported a sale to cover transaction that occurred on March 4, 2022, by 254 shares; these shares were sold at prices ranging from $98.25 to $98.75.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. The sentiment is neutral as it reflects normal corporate activity.

Negatives

• An administrative error in a previous filing on March 8, 2022, underreported a sale to cover transaction that occurred on March 4, 2022, by 254 shares.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions. It is common for company executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates