SCHEDULE: FMR LLC Reports 5.1% Stake in Five9 Inc.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 5.1% beneficial ownership stake in Five9 Inc. as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 6 to Schedule 13G.
- They beneficially own an aggregate of 3,941,319.66 shares of FIVE9 INC common stock.
- This ownership represents 5.1% of the total outstanding class of securities.
- The filing date is November 4, 2025, reflecting ownership as of September 30, 2025.
- FMR LLC is classified as a parent holding company (HC), while Abigail P. Johnson is classified as an individual (IN).
- FMR LLC holds sole voting power over 3,871,848.11 shares and sole dispositive power over 3,941,319.66 shares.
- Abigail P. Johnson holds sole dispositive power over 3,941,319.66 shares.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of FIVE9 INC.
Sentiment
Score: 7
Explanation: The filing indicates a significant and stable institutional ownership stake by FMR LLC, a positive signal of investor confidence, without any negative implications or intent to influence control.
Positives
- A significant institutional investor, FMR LLC (Fidelity), maintains a substantial 5.1% stake in Five9 Inc., indicating continued confidence in the company's prospects.
- The filing explicitly states that the investment is for ordinary course of business, not for the purpose of influencing control, which suggests a stable, long-term investment perspective.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing indicates continued institutional interest in Five9 Inc., a company likely operating in the cloud contact center or customer experience software industry. A 5.1% stake by a major asset manager like FMR LLC suggests a belief in the company's long-term prospects within its competitive landscape.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director, Chairman, Chief Executive Officer of FMR LLC | NA | Abigail P. Johnson | NA | Abigail P. Johnson is identified as holding these roles at FMR LLC, the parent company, not a change within FIVE9 INC. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholders' Voting Agreement | Members of the Johnson family, including Abigail P. Johnson, have a shareholders' voting agreement for Series B voting common shares of FMR LLC, ensuring all Series B shares are voted in accordance with the majority vote of Series B shares. This arrangement forms a controlling group with respect to FMR LLC. | NA | This agreement consolidates voting power within the Johnson family for FMR LLC, impacting the internal governance of the reporting entity, FMR LLC, rather than FIVE9 INC. |
Related Party Transactions
- The filing details the relationship between FMR LLC, its subsidiaries (Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Strategic Advisers LLC), and Abigail P. Johnson, who is a predominant owner of FMR LLC. This structure defines the reporting group for beneficial ownership.
Stakeholder Impact
- Shareholders: The continued significant stake by a major institutional investor like FMR LLC can be seen as a positive signal, potentially bolstering investor confidence in FIVE9 INC.
- Management: No direct impact on FIVE9 INC's management is indicated, as the filing states no intent to influence control.
Next Steps
- FMR LLC and Abigail P. Johnson will continue to monitor their investment in FIVE9 INC.
- Further Schedule 13G/D amendments will be filed if their beneficial ownership percentage changes significantly (e.g., crosses a 1% threshold) or if their investment intent changes.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | FMR LLC filed Schedule 13G (accession number -23-000003) incorporating Power of Attorney. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | FMR LLC filed Schedule 13G (accession number -23-000038) incorporating Abigail P. Johnson's Power of Attorney. |
| 2025-09-30 | Date of event requiring the filing of this statement (beneficial ownership snapshot). |
| 2025-11-04 | Date of filing of this Schedule 13G Amendment No. 6. |
Recommendation
holdThis filing is a routine update on an existing significant institutional stake. It does not provide new information about Five9 Inc.'s operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The continued holding by FMR LLC suggests a stable, long-term view, but without additional context on Five9 Inc.'s fundamentals, a 'hold' recommendation is appropriate for existing investors.
Keywords
FIVE9 INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Fidelity
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