FIVN Form 4: Panos Kozanian Disposes 7,043 Shares at ~$25.5

Rhea-AI Filing Summary

Panos Kozanian, EVP, Product Engineering at Five9, Inc. (FIVN), sold shares of Five9 common stock pursuant to a Rule 10b5-1 trading plan adopted May 14, 2025. On 08/13/2025 he disposed of 1,900 shares at a weighted average price of $25.34 (sales ranged $24.74–$25.73) and 5,143 shares at a weighted average price of $25.98 (sales ranged $25.74–$26.20). The filings show direct beneficial ownership of 121,318 shares after the first reported sale and 116,175 shares after the later reported sale. The Form 4 was signed by an attorney-in-fact on 08/15/2025.

Positive

• Sales were executed under a Rule 10b5-1 trading plan, which the filing explicitly discloses, supporting procedural compliance
• Weighted-average prices and price ranges are provided for the multiple executions, improving transparency
• Timely Form 4 disclosure with attorney-in-fact signature dated 08/15/2025

Negative

• Total reduction of 7,043 shares (1,900 + 5,143) reduced direct beneficial ownership from 121,318 to 116,175 shares

Insights

Securities Compliance Analyst

TL;DR: Insider sales were executed under a pre-established 10b5-1 plan and were properly disclosed on Form 4, indicating compliance with insider-trading procedures.

The transactions reported for Panos Kozanian were effected pursuant to a Rule 10b5-1 plan adopted May 14, 2025, which the Form explicitly discloses. The filing provides weighted-average prices and price ranges for multiple executions and lists direct beneficial ownership before and after the sales. The signature by an attorney-in-fact and the explicit footnotes improve the record of compliance and transparency for regulators and investors.

Equity Research Analyst

TL;DR: Insider sold a total of 7,043 shares at roughly $25.34–$25.98, a minor reduction in direct holdings with limited apparent market impact.

The Form 4 shows two disposal entries totaling 7,043 shares on 08/13/2025 with weighted-average prices and ranges disclosed. Share count declines from 121,318 to 116,175 are explicit. Given the disclosed amounts and lack of other material events in the filing, these transactions appear to be routine monetization under a trading plan rather than event-driven insider activity.

Insider Trade Summary

Net Seller: 7,043 shares ($181,761)

Net Sell 2 txns

Insider Kozanian Panos

Role EVP, Product Engineering

Sold 7,043 shs ($182K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,900	$25.34	$48K
Sale	Common Stock	5,143	$25.98	$134K

Holdings After Transaction: Common Stock — 121,318 shares (Direct)

Footnotes (1)

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.74 to $25.73, inclusive. 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 within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.74 to $26.20, inclusive. 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 within the ranges set forth in this footnote.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kozanian Panos

(Last) (First) (Middle)

C/O FIVE9, INC.

3001 BISHOP DR., STE. #350

(Street)

SAN RAMON CA 94583

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Five9, Inc. [ FIVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Product Engineering

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/13/2025		S		1,900(1)	D	$25.34(2)	121,318	D
Common Stock	08/13/2025		S		5,143(1)	D	$25.98(3)	116,175	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.74 to $25.73, inclusive. 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 within the ranges set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.74 to $26.20, inclusive. 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 within the ranges set forth in this footnote.

Remarks:

	/s/ Tiffany Meriweather, Attorney in Fact	08/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Five9 (FIVN) insider Panos Kozanian sell?

He disposed of 1,900 shares at a weighted average of $25.34 and 5,143 shares at a weighted average of $25.98 on 08/13/2025.

Were the sales by the Five9 insider part of a pre-established plan?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted May 14, 2025.

How did the insider's share ownership change after the sales?

The filing shows direct beneficial ownership of 121,318 shares following the first reported sale and 116,175 shares after the later reported sale.

What price ranges were the shares sold at?

The 1,900 shares were sold at prices ranging from $24.74 to $25.73; the 5,143 shares ranged from $25.74 to $26.20.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by Tiffany Meriweather, Attorney in Fact with a signature date of 08/15/2025.