Five9 legal chief sells 18,523 shares in plan
Five9’s Chief Admin. & Legal Officer reported pre‑planned sales of 18,523 shares, largely tied to RSU tax obligations.
Rhea-AI Filing Summary
Five9, Inc. (FIVN) reported that Chief Admin. & Legal Officer Tiffany N. Meriweather sold a total of 18,523 shares of common stock in three open‑market transactions in early September 2026 under a Rule 10b5-1 trading plan adopted on May 21, 2026.
The sales on September 4, 2026, totaling 13,409 shares at weighted average prices of $33.02 and $33.51, were disclosed as to cover taxes upon the vesting of restricted stock units. An additional 5,114 shares were sold on September 8, 2026 at a weighted average price of $31.55, all from direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 18,523 shares
Net Sell
3 txns
Insider
Meriweather Tiffany N.
Role
Chief Admin. & Legal Officer
Sold
18,523 shs ($608K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F5 | 5,114 | $31.55 | $161K |
| Sale | Common Stock F1, F2, F3 | 5,600 | $33.02 | $185K |
| Sale | Common Stock F1, F2, F4 | 7,809 | $33.51 | $262K |
Holdings After Transaction:
Common Stock — 253,249 shares (Direct)
Footnotes (5)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 21, 2026.
- F2. The reported sales were to cover taxes upon the vesting of restricted stock units.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.35 to $33.35, inclusive. 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 within the ranges set forth in this footnote.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.36 to $33.77, inclusive. 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 within the ranges set forth in this footnote.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.12 to $31.97, inclusive. 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 within the ranges set forth in this footnote.
Key Figures
Total shares sold: 18,523 shares
Shares sold to cover RSU taxes: 13,409 shares
Weighted average sale price (Sept. 4, 2026 block 1): $33.02 per share
+4 more
7 metrics
Total shares sold
18,523 shares
Common stock sales reported for September 4 and 8, 2026
Shares sold to cover RSU taxes
13,409 shares
Sales on September 4, 2026 disclosed as to cover taxes on RSU vesting
Weighted average sale price (Sept. 4, 2026 block 1)
$33.02 per share
Sale of 5,600 shares of common stock
Weighted average sale price (Sept. 4, 2026 block 2)
$33.51 per share
Sale of 7,809 shares of common stock
Weighted average sale price (Sept. 8, 2026)
$31.55 per share
Sale of 5,114 shares of common stock
Price ranges for Sept. 4 sales
$32.35–$33.77 per share
Multiple transactions within these ranges per weighted-average footnotes
Price range for Sept. 8 sale
$31.12–$31.97 per share
Multiple transactions within this range per weighted-average footnote
Key Terms
Rule 10b5-1 trading plan, restricted stock units, weighted average price
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"The reported sales were to cover taxes upon the vesting 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."
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 transactions did Five9 (FIVN) disclose for Tiffany N. Meriweather?
Five9 disclosed that Tiffany N. Meriweather sold 18,523 shares of common stock in three open‑market transactions on September 4 and 8, 2026, all from direct ownership, according to the Form 4.
Were the Five9 (FIVN) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Tiffany N. Meriweather on May 21, 2026, indicating the transactions were pre‑scheduled.
What prices were reported for the recent Five9 (FIVN) insider stock sales?
The Form 4 reports weighted average prices: $33.02 and $33.51 on September 4, 2026, and $31.55 on September 8, 2026. Footnotes note actual trades occurred in ranges from $31.12 to $33.77.
Does the Five9 (FIVN) Form 4 show remaining holdings for Tiffany N. Meriweather?
No. The Form 4 lists the shares sold but leaves the “shares following transaction” fields blank, so it does not state her post‑transaction Five9 share balance.
AI-generated analysis. How Rhea-AI works. Not financial advice.