What price did Panos Kozanian receive for his Five9 (FIVN) share sale?

The reported price is a weighted average of $24.81 per share for the 5,869 shares sold. A broker applied this weighted average across tax-cover sales conducted for multiple Five9 employees on the same date, including Kozanian, according to the filing footnotes.

Five9 (FIVN) EVP Panos Kozanian sells 5,869 shares for RSU tax withholding

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Five9, Inc. executive Panos Kozanian reported a mandated sale of 5,869 shares of common stock at a weighted average price of $24.81 per share. The sale was executed to cover tax withholding obligations arising from the vesting and settlement of restricted stock units and was not a discretionary trade. After this transaction, Kozanian directly holds 161,671 shares of Five9 common stock.

Insights

Mandated tax-related sale; routine, non-discretionary insider transaction.

The filing shows EVP of Product Engineering Panos Kozanian sold 5,869 shares of Five9 common stock at a weighted average price of $24.81 per share. Footnotes explain the sale was mandated to cover tax withholding on vested restricted stock units.

Because the sale was required for tax obligations and not a discretionary trade, it carries limited informational value about Kozanian’s view of the stock. He continues to hold 161,671 shares directly following the transaction, indicating a substantial remaining equity position.

Insider Trade Summary

Net Seller: 5,869 shares ($145,610)

Net Sell 1 txn

Insider Kozanian Panos

Role EVP, Product Engineering

Sold 5,869 shs ($146K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,869	$24.81	$146K

Holdings After Transaction: Common Stock — 161,671 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: 5,869 shares Weighted average sale price: $24.81 per share Shares held after transaction: 161,671 shares

3 metrics

Shares sold 5,869 shares Open-market sale on 2026-06-04 to cover taxes

Weighted average sale price $24.81 per share Tax-withholding sale for RSU vesting

Shares held after transaction 161,671 shares Direct ownership after 5,869-share sale

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, and it does not represent"

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 in connection with"

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.

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 05:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kozanian Panos

(Last)

(First)

(Middle)

C/O FIVE9, INC.

3001 BISHOP DR., STE. #350

(Street)

SAN RAMON

CALIFORNIA

94583

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Five9, Inc. [ FIVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Product Engineering

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/04/2026		S		5,869⁽¹⁾	D	$24.81⁽²⁾	161,671	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Tiffany Meriweather, Attorney in Fact	06/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Five9 (FIVN) report for Panos Kozanian?

Five9 reported that EVP of Product Engineering Panos Kozanian sold 5,869 shares of common stock. The transaction was an open-market sale executed to cover tax withholding obligations from vested restricted stock units, rather than a discretionary trade by the executive.

Why did Five9 (FIVN) executive Panos Kozanian sell 5,869 shares?

The shares were sold to satisfy tax withholding obligations triggered by the vesting and settlement of restricted stock units. The filing states this was a Five9-mandated sale and explicitly notes it does not represent a discretionary trade by Panos Kozanian.

How many Five9 (FIVN) shares does Panos Kozanian hold after this transaction?

Following the tax-related sale, Panos Kozanian directly holds 161,671 shares of Five9 common stock. This post-transaction figure is disclosed in the Form 4 and reflects his remaining direct ownership after the 5,869-share sale to cover withholding taxes.

Was the Five9 (FIVN) insider sale by Panos Kozanian part of a discretionary trading plan?

No. The filing specifies the sale was mandated by Five9 to cover tax withholding tied to restricted stock unit vesting. It emphasizes that the transaction does not represent a discretionary trade by Panos Kozanian, distinguishing it from voluntary open-market buying or selling activity.