Five9 CFO Non-Discretionary Sale of 1,889 Shares; 237,488 Remain

Rhea-AI Filing Summary

Lee Bryan M, identified as Chief Financial Officer of Five9, Inc. (FIVN), reported a non-discretionary sale of 1,889 shares of Five9 common stock on 09/04/2025. The filing states the sale was a company-mandated transaction to cover tax withholding obligations arising from the vesting and settlement of restricted stock units and was not a voluntary trade by the reporting person. The broker applied a weighted-average sale price of $25.72 per share for the shares sold to cover taxes. After the transaction, the reporting person beneficially owned 237,488 shares, held directly.

Insights

Financial Analyst

TL;DR CFO sold a small number of shares to satisfy tax withholding from RSU vesting; core holding remains sizable and sale was non-discretionary.

The transaction size (1,889 shares) is modest relative to the remaining direct holding (237,488 shares), indicating limited change to insider alignment with shareholders. The filing specifies the sale was mandated to cover tax obligations on RSU settlement and used a broker-weighted average price of $25.72. There is no indication of additional sales or a change in compensation structure in this Form 4.

Corporate Governance Expert

TL;DR This Form 4 documents routine tax-related share withholding on RSU vesting, not a discretionary insider exit or new compensation arrangement.

The report clearly identifies the disposition as a company-mandated sale to satisfy withholding requirements tied to restricted stock unit vesting. That distinction is important for governance transparency because it signals compliance with standard equity compensation mechanics rather than a voluntary reduction of insider exposure. The remaining direct ownership (237,488 shares) continues to reflect ongoing insider stake.

Insider Trade Summary

Net Seller: 1,889 shares ($48,585)

Net Sell 1 txn

Insider Lee Bryan M

Role Chief Financial Officer

Sold 1,889 shs ($49K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,889	$25.72	$49K

Holdings After Transaction: Common Stock — 237,488 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Lee Bryan M

(Last) (First) (Middle)

C/O FIVE9, INC.

3001 BISHOP DR. SUITE #350

(Street)

SAN RAMON CA 94583

(City) (State) (Zip)

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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/04/2025		S		1,889(1)	D	$25.72(2)	237,488	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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	09/08/2025
	** 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.

FAQ

What did FIVN CFO Lee Bryan M report on Form 4?

The Form 4 reports a non-discretionary sale of 1,889 shares to cover tax withholding from restricted stock unit vesting.

At what price were the shares sold in the FIVN Form 4?

The broker applied a weighted-average price of $25.72 per share for the tax-withholding sale.

How many FIVN shares does the reporting person own after the transaction?

After the reported sale, the reporting person beneficially owned 237,488 shares held directly.

Was the sale by the FIVN reporting person a discretionary trade?

No. The filing states the sale was a Five9, Inc. mandated transaction to cover tax withholding obligations related to RSU vesting.

Does the Form 4 indicate any change in compensation or additional agreements?

No. The Form 4 only describes the mandated sale to satisfy tax withholding on RSU settlement and does not disclose changes to compensation arrangements.