Michael Burkland - Jun 29, 2023 Form 4 Insider Report for Five9, Inc. (FIVN)

Signature
/s/Kimberly Lytikainen, Attorney in Fact
Stock symbol
FIVN
Transactions as of
Jun 29, 2023
Transactions value $
-$3,784,879
Form type
4
Date filed
6/30/2023, 04:58 PM
Previous filing
Jun 16, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIVN Common Stock Will/Inheritance $0 +389 +0.29% $0.00 133K Mar 24, 2023 By Trust
transaction FIVN Common Stock Options Exercise $509K +53.7K +28.64% $9.48 241K Jun 29, 2023 Direct
transaction FIVN Common Stock Sale -$4.29M -53.7K -22.26% $80.00 187K Jun 29, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FIVN Employee Stock Option (right to buy) Options Exercise $0 -53.7K -100% $0.00* 0 Jun 29, 2023 Common Stock 53.7K $9.48 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023.
F2 The option granted on November 22, 2013 is fully vested.