Five9 (NASDAQ: FIVN) SVP sells 2,556 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Five9, Inc. senior vice president and chief accounting officer Leena Mansharamani reported an open-market sale of 2,556 shares of common stock at a weighted average price of $24.81 per share. The company mandated this sale to cover tax withholding obligations from vesting restricted stock units, so it was not a discretionary trade. After the transaction, she directly holds 57,698 shares of Five9 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,556 shares ($63,414)
Net Sell
1 txn
Insider
Mansharamani Leena
Role
SVP, Chief Accounting Officer
Sold
2,556 shs ($63K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,556 | $24.81 | $63K |
Holdings After Transaction:
Common Stock — 57,698 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: 2,556 shares
Sale price: $24.81 per share
Shares owned after sale: 57,698 shares
+1 more
4 metrics
Shares sold
2,556 shares
Open-market sale on 2026-06-04
Sale price
$24.81 per share
Weighted average price applied by broker
Shares owned after sale
57,698 shares
Direct holdings following transaction
Net shares sold
2,556 shares
Net-sell direction per transaction summary
Key Terms
restricted stock units, mandated sale, tax withholding obligations, weighted average price
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.
mandated sale financial
"represents a Five9, Inc. mandated sale by the Reporting Person to cover tax withholding"
tax withholding obligations financial
"to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units"
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.
FAQ
What insider transaction did Five9 (FIVN) report for Leena Mansharamani?
Five9 reported that SVP and chief accounting officer Leena Mansharamani sold 2,556 shares of common stock at a weighted average price of $24.81. The sale was mandated by the company to cover tax withholding on vested restricted stock units.
Was the Five9 (FIVN) insider sale by Leena Mansharamani discretionary?
No, the filing states the sale was mandated by Five9 to cover tax withholding obligations from restricted stock unit vesting. It specifically notes this was not a discretionary trade by Leena Mansharamani in the open market.