Dignan Andy 4
4 · Five9, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Five9 (FIVN) President Andy Dignan Sells Shares
What Happened
Andy Dignan, President of Five9, sold a total of 8,293 shares in two open-market transactions. On 2026-03-04 he disposed of 4,924 shares at a weighted average price of $17.69 for proceeds of $87,106, and on 2026-03-05 he disposed of 3,369 shares at a weighted average price of $17.92 for proceeds of $60,372. Total proceeds across both sales were approximately $147,478. These were sales (not purchases), often viewed as routine rather than a direct buy signal.
Key Details
- Transaction dates and prices:
- 2026-03-04: 4,924 shares sold @ $17.69 (weighted average) — $87,106
- 2026-03-05: 3,369 shares sold @ $17.92 (weighted average) — $60,372
- Total shares sold: 8,293; total proceeds: ~$147,478.
- Filing: Form 4 filed 2026-03-06 (appears filed within the normal two-business-day window).
- Footnotes of note:
- Sales were effected under a Rule 10b5-1 trading plan adopted Sept 3, 2025 (F1).
- Sales were to cover taxes upon vesting of restricted stock units (RSUs) (F2).
- Reported prices are weighted averages; execution prices ranged from $17.46 to $17.96 across multiple trades (F3).
- Shares owned after the transactions: not specified in the provided filing.
Context
Sales made to cover tax withholding on vested RSUs and those executed under pre-established 10b5-1 plans are common for insiders and are typically treated as routine portfolio management rather than a directional signal about the company. No options were exercised and no gifts were reported in this filing.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-04$17.69/sh−4,924$87,106→ 290,332 total - Sale
Common Stock
[F1]2026-03-05$17.92/sh−3,369$60,372→ 286,963 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 3, 2025.
- [F2]The reported sales were to cover taxes upon the vesting of restricted stock units.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.46 to $17.96, inclusive. The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.