Dignan Andy 4

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.