Panos Kozanian - Jun 12, 2024 Form 4 Insider Report for Five9, Inc. (FIVN)

Role
EVP, Product Engineering
Signature
/s/ Leena Mansharamani, Attorney in Fact
Stock symbol
FIVN
Transactions as of
Jun 12, 2024
Transactions value $
-$456,446
Form type
4
Date filed
6/14/2024, 04:20 PM
Previous filing
Jun 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction FIVN Common Stock -Sell -$177,558 -4,040 -4.28% $43.95 90,437 Jun 12, 2024 Direct F1, F2
transaction FIVN Common Stock -Sell -$278,888 -6,192 -6.85% $45.04 84,245 Jun 12, 2024 Direct F1, F3

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 13, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.58 to $44.58, 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 $44.59 to $45.47, 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.