Five9 (FIVN) CRO executes tax-related sale of 8,645 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Five9, Inc.’s Chief Revenue Officer, Matthew E. Tuckness, reported an open-market sale of 8,645 shares of common stock at a weighted average price of $24.81 per share. According to the disclosure, the sale was mandated by Five9 to cover tax withholding obligations linked to the vesting and settlement of restricted stock units and was not a discretionary trade. Following this transaction, Tuckness directly holds 281,492 shares of Five9 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,645 shares ($214,482)
Net Sell
1 txn
Insider
Tuckness Matthew E.
Role
Chief Revenue Officer
Sold
8,645 shs ($214K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,645 | $24.81 | $214K |
Holdings After Transaction:
Common Stock — 281,492 shares (Direct, null)
Footnotes (1)
- The sale reported on this form represents a Five9, Inc. mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units, and it does not represent a discretionary trade by the Reporting Person. The price reported in Column 4 is a weighted average price applied to the transaction by the broker for sales to cover taxes upon vesting of restricted stock units for all employees of Five9, Inc., including the Reporting Person, on the date such sales occurred. 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.
Key Figures
Shares sold: 8,645 shares
Sale price: $24.81 per share
Shares held after sale: 281,492 shares
3 metrics
Shares sold
8,645 shares
Open-market sale on June 4, 2026
Sale price
$24.81 per share
Weighted average price applied by broker
Shares held after sale
281,492 shares
Direct ownership following transaction
Key Terms
restricted stock units, tax withholding obligations, weighted average price, open-market sale
4 terms
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units"
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.
tax withholding obligations financial
"mandated sale by the Reporting Person to cover tax withholding obligations"
weighted average price financial
"The price reported in Column 4 is a weighted average price applied to the transaction"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Five9 (FIVN) report for Matthew E. Tuckness?
Five9 reported that Chief Revenue Officer Matthew E. Tuckness sold 8,645 shares of common stock at a weighted average price of $24.81 per share. The filing states this transaction covered tax withholding on vested restricted stock units and was not a discretionary trade.
Was the Five9 (FIVN) insider sale a discretionary trade?
The filing states the sale was not discretionary. It describes the transaction as a Five9-mandated sale to cover tax withholding obligations associated with restricted stock unit vesting, rather than a voluntary decision by the executive to sell shares in the open market.