Meriweather Tiffany N. 4
Research Summary
AI-generated summary
Five9 (FIVN) Tiffany Meriweather Sells 5,942 Shares
What Happened
- Tiffany N. Meriweather, Chief Administrative & Legal Officer of Five9, sold 5,942 shares of Five9 common stock in an open-market/brokered sale on 2026-03-04 at a weighted average price of $17.87 per share, for proceeds of approximately $106,184. The filing reports the transaction as a sale (code S).
Key Details
- Transaction date and price: 2026-03-04 at a weighted average price of $17.87; total proceeds ≈ $106,184.
- Shares owned after transaction: Not specified in the information provided in this summary/filing.
- Footnotes: The sale was a company-mandated sale to cover tax withholding related to the vesting/settlement of restricted stock units (RSUs) and was not a discretionary trade by the reporting person (footnote F1). The reported price is a broker-applied weighted average for tax-withholding sales across employees; the filer will provide per-price details on request (footnote F2).
- Timeliness: Form filed 2026-03-06 for an event dated 2026-03-04 (filed within the typical 2-business-day Form 4 window).
Context
- This was a routine tax-withholding sale tied to RSU vesting rather than an independent decision to sell shares, so it generally should not be interpreted as a signal of the insider’s view on the company. The weighted-average price reflects aggregated broker processing of multiple employees’ tax-withholding sales on the vesting date.