Five9 (NASDAQ: FIVN) SVP sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 1,926 shares ($34,418)
Net Sell
1 txn
Insider
Mansharamani Leena
Role
SVP, Chief Accounting Officer
Sold
1,926 shs ($34K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,926 | $17.87 | $34K |
Holdings After Transaction:
Common Stock — 60,254 shares (Direct)
Footnotes (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.
FAQ
What did Five9 (FIVN) executive Leena Mansharamani report in this Form 4 filing?
Leena Mansharamani, Five9’s SVP and Chief Accounting Officer, reported a company-mandated sale of common stock. The sale was executed to cover tax withholding arising from the vesting and settlement of restricted stock units, rather than as a discretionary open-market trade.
Was this Five9 (FIVN) insider transaction a discretionary sale by Leena Mansharamani?
No. The filing explains the sale was mandated by Five9 to cover tax withholding on vested restricted stock units. It specifically notes the transaction does not represent a discretionary trade by Mansharamani, distinguishing it from voluntary open-market buying or selling.