Five9 (FIVN) Chief Revenue Officer logs mandated RSU tax share sale
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,164 shares ($92,281)
Net Sell
1 txn
Insider
Tuckness Matthew E.
Role
Chief Revenue Officer
Sold
5,164 shs ($92K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,164 | $17.87 | $92K |
Holdings After Transaction:
Common Stock — 290,137 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 insider transaction did Five9 (FIVN) report for Matthew Tuckness?
Five9 reported that Chief Revenue Officer Matthew E. Tuckness sold 5,164 shares of common stock. The sale was a company-mandated transaction to cover tax withholding obligations arising from the vesting and settlement of restricted stock units, rather than a discretionary trade by the executive.
Why does the Five9 (FIVN) Form 4 use a weighted average sale price?
The Form 4 reports a weighted average price because the broker aggregated sales executed to cover tax obligations for all employees’ vesting restricted stock units that day. The company notes that detailed price information by lot can be provided to Five9 security holders or regulators upon request.
What type of security is involved in Matthew Tuckness’s Five9 (FIVN) Form 4 filing?
The Form 4 involves Five9 common stock sold in connection with the vesting of restricted stock units. The transaction reflects an open-market sale of 5,164 common shares to satisfy tax withholding requirements, rather than a new equity grant or derivative security conversion event.