Five9 SVP sells shares to cover RSU taxes
Five9, Inc. SVP and Chief Accounting Officer Leena Mansharamani reported a mandated sale of common stock to cover taxes on vested restricted stock units.
Rhea-AI Filing Summary
Five9, Inc. SVP and Chief Accounting Officer Leena Mansharamani reported a mandated sale of common stock to cover taxes on vested restricted stock units. On the transaction date, she sold 1,926 shares at a weighted average price of $17.87 per share in an open-market sale arranged for tax withholding.
According to the disclosure, this was not a discretionary trade but a Five9-directed sale to satisfy tax obligations tied to RSU vesting. After the sale, Mansharamani directly held 60,254 shares of Five9 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,926 | $17.87 | $34K |
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.
FAQ
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What did Five9 (FIVN) executive Leena Mansharamani report in this Form 4 filing?
Was this Five9 (FIVN) insider transaction a discretionary sale by Leena Mansharamani?
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