Barry Zwarenstein - 13 Jul 2023 Form 4 Insider Report for Five9, Inc. (FIVN)

Role
Chief Financial Officer
Signature
/s/ David Hill, Attorney in Fact
Issuer symbol
FIVN
Transactions as of
13 Jul 2023
Net transactions value
-$722,624
Form type
4
Filing time
17 Jul 2023, 16:30:32 UTC
Previous filing
27 Jun 2023
Next filing
17 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIVN Common Stock Options Exercise $373,625 +12,500 +13% $29.89 107,108 13 Jul 2023 Direct
transaction FIVN Common Stock Sale $462,001 -5,300 -4.9% $87.17 101,808 13 Jul 2023 Direct F1, F2
transaction FIVN Common Stock Sale $598,808 -6,800 -6.7% $88.06 95,008 13 Jul 2023 Direct F1, F3
transaction FIVN Common Stock Sale $35,440 -400 -0.42% $88.60 94,608 13 Jul 2023 Direct F1, F4
holding FIVN Common Stock 95,569 13 Jul 2023 By Trust

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 -12,500 -16% $0.000000 65,376 13 Jul 2023 Common Stock 12,500 $29.89 Direct F5
* 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 December 10, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.56 to $87.56, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.57 to $88.56, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.58 to $88.63, 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.
F5 The option granted on February 26, 2018 is fully vested.