[Form 4] FIVE9, INC. Insider Trading Activity
Five9, Inc. (FIVN) Chief Executive Officer Michael Burkland reported a non-discretionary sale of common stock to satisfy tax withholding upon RSU vesting. The Form 4 shows a sale on 09/04/2025 of 18,425 shares at a weighted average price of $25.72 per share, reducing the reporting person鈥檚 direct holdings to 367,562 shares. The filing notes an additional 133,026 shares are owned indirectly through a trust. The sale is described as a company-mandated sale to cover tax obligations related to the vesting and settlement of restricted stock units and was not a discretionary trade by the reporting person.
Michael Burkland, Amministratore Delegato di Five9, Inc. (FIVN), ha comunicato una vendita non discrezionale di azioni ordinarie per coprire il ritenuto fiscale al momento della maturazione di RSU. Il Form 4 riporta una vendita avvenuta il 04/09/2025 di 18.425 azioni a un prezzo medio ponderato di 25,72 USD per azione, riducendo la partecipazione diretta del dichiarante a 367.562 azioni. Il documento segnala inoltre che 133.026 azioni sono detenute indirettamente tramite un trust. La vendita 猫 descritta come obbligatoria da parte della societ脿 per far fronte agli obblighi fiscali derivanti dalla maturazione e liquidazione delle restricted stock unit, e non come un'operazione discrezionale del dichiarante.
Michael Burkland, Director Ejecutivo de Five9, Inc. (FIVN), inform贸 la venta no discrecional de acciones ordinarias para cubrir la retenci贸n fiscal por la consolidaci贸n de RSU. El Formulario 4 muestra una venta el 04/09/2025 de 18.425 acciones a un precio medio ponderado de 25,72 USD por acci贸n, reduciendo las participaciones directas del declarante a 367.562 acciones. La presentaci贸n indica adem谩s que 133.026 acciones se poseen indirectamente a trav茅s de un fideicomiso. La venta se describe como exigida por la compa帽铆a para cubrir obligaciones fiscales relacionadas con la consolidaci贸n y liquidaci贸n de unidades restringidas de acciones, y no como una operaci贸n discrecional del declarante.
Five9, Inc.(FIVN) 斓滉碃瓴届榿鞛�(CEO) 毵堨澊韥� 氩勴伌霝滊摐電� RSU(鞝滍暅臁瓣贝攵�欤检嫕)鞚� 氩犾姢韺� 鞁� 氚滌儩頃� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 牍勳灛霟夓爜鞙茧 氤错喌欤茧ゼ 毵る弰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖霅� Form 4鞐� 霐半ゴ氅� 2025-09-04鞐� 18,425欤茧ゼ 欤茧嫻 臧�欷戫弶攴犼皜瓴� 25.72雼煬鞐� 毵る弰頃橃棳 氤搓碃鞛愳潣 歆侅爲 氤挫湢 欤检嫕鞚� 367,562欤茧 欷勳棃鞀惦媹雼�. 靹滊鞐愲姅 於旉皜搿� 133,026欤缄皜 鞁犿儊鞚� 韱淀暣 臧勳爲 氤挫湢 欷戩澑 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞚� 毵る弰電� 鞝滍暅臁瓣贝攵�欤检嫕鞚� 氩犾姢韺� 氚� 鞝曥偘瓿� 甏�霠暅 靹戈笀 攵�雼挫潉 於╇嫻頃橁赴 鞙勴暣 須岇偓臧� 鞖旉惮頃� 毵る弰搿�, 氤搓碃鞛愳潣 鞛焿鞐� 鞚橅暅 瓯半灅電� 鞎勲媹鞐堧嫟瓿� 靹る獏霅橃柎 鞛堨姷雼堧嫟.
Michael Burkland, directeur g茅n茅ral de Five9, Inc. (FIVN), a signal茅 une vente non discr茅tionnaire d'actions ordinaires destin茅e 脿 couvrir la retenue fiscale li茅e au vesting de RSU. Le formulaire 4 indique une vente le 04/09/2025 de 18 425 actions 脿 un prix moyen pond茅r茅 de 25,72 USD par action, r茅duisant la d茅tention directe de la personne d茅clarante 脿 367 562 actions. Le d茅p么t pr茅cise 茅galement que 133 026 actions sont d茅tenues indirectement via une fiducie. La vente est d茅crite comme impos茅e par la soci茅t茅 pour couvrir les obligations fiscales li茅es au vesting et au r猫glement des unit茅s d'actions restreintes, et n'茅tait pas une op茅ration discr茅tionnaire de la personne d茅clarant.
Michael Burkland, Chief Executive Officer von Five9, Inc. (FIVN), meldete einen nichtdisziplin盲ren Verkauf von Stammaktien zur Begleichung der Steuerabz眉ge bei der Vesting von RSUs. Das Formular 4 weist einen Verkauf am 04.09.2025 von 18.425 Aktien zu einem gewichteten Durchschnittspreis von 25,72 USD pro Aktie aus und reduziert das direkte Beteiligungsvolumen der meldepflichtigen Person auf 367.562 Aktien. In der Einreichung wird ferner angegeben, dass 133.026 Aktien indirekt 眉ber einen Trust gehalten werden. Der Verkauf werde als von der Gesellschaft angeordneter Verkauf zur Deckung steuerlicher Verpflichtungen im Zusammenhang mit der Vesting und Abwicklung von Restricted Stock Units beschrieben und sei kein diskretion盲rer Handel der meldepflichtigen Person gewesen.
- None.
- None.
Insights
TL;DR: Routine tax-withholding sale by CEO; disclosure aligns with Section 16 requirements.
The Form 4 documents a standard, non-discretionary transaction tied to RSU vesting rather than an open-market decision by the executive. Reporting the weighted average sale price and the exact share count fulfills transparency obligations. The filing also distinguishes between direct and indirect ownership, clarifying potential control or influence via a trust. This is a routine insider reporting event with no new operational or financial disclosures.
TL;DR: Compliance filing appears complete and properly annotated; broker aggregated pricing disclosed.
The explanation states the broker applied a weighted average price for aggregated sales to cover taxes for multiple employees, and the reporting person will provide per-share sale details on request. That commitment supports auditability. The signature by an attorney-in-fact is provided with date. No amendments or additional transactions are reported on this Form 4.
Michael Burkland, Amministratore Delegato di Five9, Inc. (FIVN), ha comunicato una vendita non discrezionale di azioni ordinarie per coprire il ritenuto fiscale al momento della maturazione di RSU. Il Form 4 riporta una vendita avvenuta il 04/09/2025 di 18.425 azioni a un prezzo medio ponderato di 25,72 USD per azione, riducendo la partecipazione diretta del dichiarante a 367.562 azioni. Il documento segnala inoltre che 133.026 azioni sono detenute indirettamente tramite un trust. La vendita 猫 descritta come obbligatoria da parte della societ脿 per far fronte agli obblighi fiscali derivanti dalla maturazione e liquidazione delle restricted stock unit, e non come un'operazione discrezionale del dichiarante.
Michael Burkland, Director Ejecutivo de Five9, Inc. (FIVN), inform贸 la venta no discrecional de acciones ordinarias para cubrir la retenci贸n fiscal por la consolidaci贸n de RSU. El Formulario 4 muestra una venta el 04/09/2025 de 18.425 acciones a un precio medio ponderado de 25,72 USD por acci贸n, reduciendo las participaciones directas del declarante a 367.562 acciones. La presentaci贸n indica adem谩s que 133.026 acciones se poseen indirectamente a trav茅s de un fideicomiso. La venta se describe como exigida por la compa帽铆a para cubrir obligaciones fiscales relacionadas con la consolidaci贸n y liquidaci贸n de unidades restringidas de acciones, y no como una operaci贸n discrecional del declarante.
Five9, Inc.(FIVN) 斓滉碃瓴届榿鞛�(CEO) 毵堨澊韥� 氩勴伌霝滊摐電� RSU(鞝滍暅臁瓣贝攵�欤检嫕)鞚� 氩犾姢韺� 鞁� 氚滌儩頃� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 牍勳灛霟夓爜鞙茧 氤错喌欤茧ゼ 毵る弰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖霅� Form 4鞐� 霐半ゴ氅� 2025-09-04鞐� 18,425欤茧ゼ 欤茧嫻 臧�欷戫弶攴犼皜瓴� 25.72雼煬鞐� 毵る弰頃橃棳 氤搓碃鞛愳潣 歆侅爲 氤挫湢 欤检嫕鞚� 367,562欤茧 欷勳棃鞀惦媹雼�. 靹滊鞐愲姅 於旉皜搿� 133,026欤缄皜 鞁犿儊鞚� 韱淀暣 臧勳爲 氤挫湢 欷戩澑 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞚� 毵る弰電� 鞝滍暅臁瓣贝攵�欤检嫕鞚� 氩犾姢韺� 氚� 鞝曥偘瓿� 甏�霠暅 靹戈笀 攵�雼挫潉 於╇嫻頃橁赴 鞙勴暣 須岇偓臧� 鞖旉惮頃� 毵る弰搿�, 氤搓碃鞛愳潣 鞛焿鞐� 鞚橅暅 瓯半灅電� 鞎勲媹鞐堧嫟瓿� 靹る獏霅橃柎 鞛堨姷雼堧嫟.
Michael Burkland, directeur g茅n茅ral de Five9, Inc. (FIVN), a signal茅 une vente non discr茅tionnaire d'actions ordinaires destin茅e 脿 couvrir la retenue fiscale li茅e au vesting de RSU. Le formulaire 4 indique une vente le 04/09/2025 de 18 425 actions 脿 un prix moyen pond茅r茅 de 25,72 USD par action, r茅duisant la d茅tention directe de la personne d茅clarante 脿 367 562 actions. Le d茅p么t pr茅cise 茅galement que 133 026 actions sont d茅tenues indirectement via une fiducie. La vente est d茅crite comme impos茅e par la soci茅t茅 pour couvrir les obligations fiscales li茅es au vesting et au r猫glement des unit茅s d'actions restreintes, et n'茅tait pas une op茅ration discr茅tionnaire de la personne d茅clarant.
Michael Burkland, Chief Executive Officer von Five9, Inc. (FIVN), meldete einen nichtdisziplin盲ren Verkauf von Stammaktien zur Begleichung der Steuerabz眉ge bei der Vesting von RSUs. Das Formular 4 weist einen Verkauf am 04.09.2025 von 18.425 Aktien zu einem gewichteten Durchschnittspreis von 25,72 USD pro Aktie aus und reduziert das direkte Beteiligungsvolumen der meldepflichtigen Person auf 367.562 Aktien. In der Einreichung wird ferner angegeben, dass 133.026 Aktien indirekt 眉ber einen Trust gehalten werden. Der Verkauf werde als von der Gesellschaft angeordneter Verkauf zur Deckung steuerlicher Verpflichtungen im Zusammenhang mit der Vesting und Abwicklung von Restricted Stock Units beschrieben und sei kein diskretion盲rer Handel der meldepflichtigen Person gewesen.
FAQ
What did Five9 CEO Michael Burkland report on Form 4 (FIVN)?
How many shares does Michael Burkland directly and indirectly own after the transaction?
Was the sale a discretionary trade by the CEO?
Why is the price shown as a weighted average of $25.72?
