Five9, Inc. 8-K

What Happened
Five9, Inc. announced on May 4, 2026 that it commenced an accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank, N.A. Under the ASR, Five9 made a $90.0 million payment (on May 5, 2026) and expects to receive an initial delivery of approximately 3.1 million shares of its common stock. The total number of shares repurchased will be determined by the average daily volume-weighted average price (VWAP) of Five9’s stock during the ASR term, less a discount and subject to contractual adjustments; final settlement is expected by September 30, 2026. The repurchase is being made under the company’s previously disclosed share repurchase authorization (referenced in its Form 10‑Q filed April 30, 2026).

Key Details

• Company: Five9, Inc.; Counterparty: JPMorgan Chase Bank, N.A.
• Cash payment: $90.0 million (paid May 5, 2026).
• Initial share delivery: ~3.1 million shares expected.
• Final settlement timing: Expected on or before September 30, 2026; final shares based on VWAP less a discount and adjustments.

Why It Matters
This transaction uses $90.0 million of the company’s cash to repurchase common stock, which will reduce Five9’s outstanding shares once settled and can affect metrics like earnings per share (EPS). The exact number of shares retired is not fixed at initiation and will depend on market prices during the ASR period, with final settlement expected by late September 2026. Investors should note this is part of an existing repurchase authorization disclosed in Five9’s April 30, 2026 Form 10‑Q.