Five9 Announces Inducement Award Under Nasdaq Listing Rule 5635(c)(4)
Five9 Announces Inducement Award Under Nasdaq Listing Rule 5635(c)(4)
Five9 issues 104,011 inducement RSUs to two new non-executive employees under its 2026 Inducement Equity Incentive Plan, following Nasdaq Rule 5635(c)(4).
SAN RAMON, Calif.--(BUSINESS WIRE)-- Five9, Inc. (Nasdaq: FIVN) (“Five9” or the “Company”) today announced that on September 8, 2026, the Company granted restricted stock unit awards (“RSUs”) covering an aggregate of 104,011 shares of the Company’s common stock (“Shares”) to two non-executive officer employees (collectively, the “Inducement Awards”).The Compensation Committee of the Board of Directors of the Company approved the grant of the Inducement Awards, which were each offered as a material inducement to each of the employees entering into employment with the Company, effective as of August 24, 2026. The Inducement Awards were granted under the Five9, Inc. 2026 Inducement Equity Incentive Plan. 1/3 of the RSUs will vest on September 3, 2027, and 1/12 of the RSUs will vest quarterly thereafter, so that the RSUs are fully vested on September 3, 2029, subject to the employee’s continuous service through the applicable vesting date.
The awards were granted in reliance on the employment inducement exemption under the Nasdaq Stock Market Listing Rule 5635(c)(4), which requires public announcement of inducement awards. The Company is issuing this press release pursuant to Listing Rule 5635(c)(4).
About Five9
Five9 is the proven, open cloud platform for customer experience. Cloud-native since 2001 and built by voice experts for the agentic era, Five9 powers contact centers for more than 4,000 customers across 140+ countries, including leading health systems, financial institutions, and organizations across every major industry. The Five9 platform, powered by Genius AI, serves every channel and workflow, together with the governance, control, and ecosystem flexibility that even the most regulated enterprises demand. Practical AI that learns from every interaction, driving real outcomes for customers and the businesses that serve them. Smarter CX with every interaction.
Investor Contact: Tony Righetti SVP, Investor Relations IR@five9.com
Source: Five9, Inc.
Key Terms
restricted stock unitsfinancial
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
rsusfinancial
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
employment inducement exemptionregulatory
An employment inducement exemption is a regulatory allowance that lets a public company grant stock or option awards to a new hire without getting prior shareholder approval, provided the awards are given solely to attract or retain that employee and meet specific limits and rules. Investors care because these one-off grants increase the total number of shares available and can dilute existing ownership and earnings per share, much like adding more slices to an already shared pie.
nasdaq listing rule 5635(c)(4)regulatory
NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.
