Five9 CRO reports tax-withholding share sale
Five9, Inc. Chief Revenue Officer Matthew E. Tuckness reported a mandated tax-related share sale.
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Rhea-AI Filing Summary
Five9, Inc. Chief Revenue Officer Matthew E. Tuckness reported a mandated tax-related share sale. On this Form 4, he sold 5,164 shares of Five9 common stock at a weighted average price of $17.87 per share in an open-market transaction to cover tax withholding obligations from vesting restricted stock units. After this transaction, he directly held 290,137 Five9 shares. The filing notes this was not a discretionary trade by the executive.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,164 | $17.87 | $92K |
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 insider transaction did Five9 (FIVN) report for Matthew Tuckness?
Why does the Five9 (FIVN) Form 4 use a weighted average sale price?
What type of security is involved in Matthew Tuckness’s Five9 (FIVN) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.