Five9 (FIVN) director Michael Burkland exercises options, adds 54,375 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Five9, Inc. director Michael Burkland exercised stock options to acquire 54,375 shares of common stock. On this date, 54,375 employee stock options were exercised, converting into 54,375 shares of Five9 common stock at an exercise price of $8.13 per share.
After these transactions, Burkland held 403,945 shares of Five9 common stock directly. He also reported an additional 133,026 shares of common stock held indirectly through a trust, reflecting separate indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
54,375 shares exercised/converted
Mixed
3 txns
Insider
Burkland Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 54,375 | $0.00 | -- |
| Exercise | Common Stock | 54,375 | $8.13 | $442K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 403,945 shares (Direct);
Common Stock — 133,026 shares (Indirect, By Trust)
Footnotes (1)
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FAQ
What insider transaction did Michael Burkland report at Five9 (FIVN)?
Michael Burkland reported exercising employee stock options to acquire 54,375 Five9 common shares. The options were fully vested and converted into common stock at an $8.13 exercise price per share, increasing his directly held ownership position in the company.
What type of security did Michael Burkland convert into Five9 (FIVN) common stock?
He converted an employee stock option, described as a right to buy shares, into 54,375 shares of Five9 common stock. The option was fully vested, meaning all shares under the grant were available for exercise at the time of the transaction.
At what price were Michael Burkland’s Five9 (FIVN) options exercised?
The employee stock options were exercised at an $8.13 price per share, resulting in the issuance of 54,375 Five9 common shares. This exercise price represents the predetermined strike price set when the stock option grant was originally awarded.
Does the Form 4 for Five9 (FIVN) show any stock sales by Michael Burkland?
The filing shows option exercises and resulting acquisition of common stock but does not report any sales transactions. All coded transactions reflect derivative exercises converting options into shares, with no separate sale code reported in the transaction details.