Five9 officer sells shares to cover RSU taxes
Five9, Inc. Chief Admin. & Legal Officer Tiffany N. Meriweather reported a mandated sale of 9,526 shares of common stock.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Five9, Inc. Chief Admin. & Legal Officer Tiffany N. Meriweather reported a mandated sale of 9,526 shares of common stock. The shares were sold on an open-market basis at a weighted average price of $24.81 per share to cover tax withholding obligations from vesting restricted stock units. The filing notes this was not a discretionary trade by the officer. After the transaction, she directly holds 271,772 shares of Five9 common stock.
Insider Trade Summary
Net Seller: 9,526 shares
Net Sell
1 txn
Insider
Meriweather Tiffany N.
Role
Chief Admin. & Legal Officer
Sold
9,526 shs ($236K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,526 | $24.81 | $236K |
Holdings After Transaction:
Common Stock — 271,772 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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: 9,526 shares
Sale price: $24.81 per share
Shares held after transaction: 271,772 shares
+1 more
4 metrics
Shares sold
9,526 shares
Open-market sale on 2026-06-04 to cover RSU taxes
Sale price
$24.81 per share
Weighted average price applied by broker for tax-cover sales
Shares held after transaction
271,772 shares
Direct holdings following tax-related sale
Net shares sold
9,526 shares
Net-sell direction in transaction summary
Key Terms
restricted stock units, weighted average price, open-market sale, tax withholding obligations
4 terms
restricted stock units financial
"to cover tax withholding obligations 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price applied to the transaction by the broker"
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.
tax withholding obligations financial
"mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Five9 (FIVN) report for Tiffany N. Meriweather?
Five9 reported that Chief Admin. & Legal Officer Tiffany N. Meriweather sold 9,526 shares of common stock. The sale was mandated to cover tax withholding obligations arising from vesting restricted stock units, rather than being a discretionary investment decision by the officer.
Was Tiffany N. Meriweather’s Five9 (FIVN) stock sale a discretionary trade?
The filing explicitly states the sale was not a discretionary trade. It was a Five9-mandated sale to cover tax withholding obligations when restricted stock units vested and settled, meaning it was a mechanical tax-related transaction rather than a voluntary portfolio decision.
Why did Five9 (FIVN) mandate a stock sale for Tiffany N. Meriweather?
The company mandated the sale to cover tax withholding obligations tied to the vesting and settlement of restricted stock units. Instead of paying taxes in cash, a portion of shares was automatically sold, a common practice for equity-based compensation events.
How was the weighted average price calculated in the Five9 (FIVN) insider sale?
The $24.81 weighted average price reflects broker-handled sales covering taxes for all participating Five9 employees on that date. The filing notes the reporting person can provide full details on the number of shares sold at each separate price upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
