FIVN: Andy Dignan Disposes 700 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Andy Dignan, President of Five9, Inc. (FIVN), reported a non-derivative sale of common stock: 700 shares sold at $26.16 on 08/01/2025. The Form 4 lists the sale as executed under a Rule 10b5-1 trading plan adopted on December 10, 2024, and shows 225,739 shares beneficially owned following the reported transaction, held directly.
The filing identifies the reporting persons relationship to the issuer as Officer with the title President. The Form 4 was submitted via attorney-in-fact Tiffany Meriweather. The disclosure is limited to the single reported sale and the stated plan adoption date.
Positive
- Transaction executed under a Rule 10b5-1 plan, indicating the sale was prearranged and disclosed
- Clear post-transaction ownership reported: 225,739 shares beneficially owned (direct)
Negative
- None.
Insights
TL;DR: Officer sale under a prearranged 10b5-1 plan; holdings reported post-sale.
The Form 4 documents a single non-derivative disposition by Andy Dignan, President of Five9, totaling 700 shares at $26.16 on 08/01/2025. The filing explicitly states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024, and reports 225,739 shares beneficially owned after the sale. From the disclosure alone, these are planned sales rather than ad-hoc trades.
TL;DR: Governance disclosure present; trade executed under documented plan.
The Form 4 identifies the reporting person as an officer (title: President) and records a sale pursuant to a documented 10b5-1 plan, which is an established compliance mechanism for insider trades. The report also records that the filing was made by an attorney-in-fact, Tiffany Meriweather. The disclosure is concise and limited to the single reported sale and resulting direct ownership figure.