Five9 (FIVN) SVP Leena Mansharamani Sells 2,556 Shares

What Happened

• Leena Mansharamani, Senior Vice President and Chief Accounting Officer of Five9, sold 2,556 shares on 2026-06-04 at a weighted average price of $24.81 per share, generating proceeds of approximately $63,414. The sale was reported on a Form 4 filed 2026-06-08.
• This transaction was a sale to cover tax withholding related to the vesting and settlement of restricted stock units (RSUs), not a discretionary open-market sell indicating a change in investment view.

Key Details

• Transaction date: 2026-06-04; Filing date: 2026-06-08 (filed within required reporting window).
• Reported transaction: Open market/private sale (Code S) of 2,556 shares at $24.81 (weighted average).
• Proceeds: ~$63,414.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: (F1) Sale mandated by Five9 to cover tax withholding on RSU vesting (not a discretionary trade). (F2) Reported price is a broker-applied weighted average across tax-withholding sales for employees; the reporting person can provide a breakdown on request.

Context

• Tax-withholding sales upon RSU vesting are routine and common for employees receiving equity awards; they primarily satisfy tax obligations rather than signal insider sentiment.
• The filing does not indicate any option exercise or other derivative activity—only a sale to cover taxes.