Andy Dignan, president of five9 (NASDAQ:FIVN)reported the sale of 8,293 shares of common stock in multiple open market transactions on March 4 and 5, 2026, according to an SEC Form 4 filing.
|
Metric |
Worth |
|---|---|
|
Shares sold (direct) |
8,293 |
|
Transaction value |
~$147,000 |
|
Post-transaction actions (direct) |
286,963 |
|
Post-transaction value (direct ownership) |
~$5.23 million |
Transaction value based on SEC Form 4 weighted average purchase price ($17.78); post-transaction value based on market close on March 5, 2026 ($17.78).
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How does this sale compare to Dignan’s historical trading patterns?
The transaction follows a pattern of routine compensation-driven activity: part mandatory withholding tax on RSU vesting, part pre-planned 10b5-1 sale rather than discretionary sale. -
What proportion of Dignan’s holdings was affected and what does it retain?
This transaction represented 2.8% of Dignan’s direct shareholdings, leaving him with 286,963 shares directly owned valued at approximately $5.23 million as of March 5, 2026; It does not maintain indirect or derived positions. -
Was this transaction part of a routine plan or a discretionary action?
The sales were conducted pursuant to a pre-established Rule 10b5-1 business plan, indicating a systematic, pre-scheduled approach rather than discretionary or reactive sales. -
What is the current context for Five9 shares and insider ownership?
Following a 49% one-year drop in Five9’s share price (as of March 26, 2026), Dignan’s direct holdings now represent approximately 0.37% of total shares outstanding, and all insider ownership is direct common stock.
|
Metric |
Worth |
|---|---|
|
Price (as of market close on March 27, 2026) |
$15.12 |
|
Market capitalization |
$1.16 billion |
|
Revenue (TTM) |
1.15 billion dollars |
|
Net income (TTM) |
$39.42 million |
*The 1-year return is calculated using March 26, 2026 as a reference date.
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Provides a cloud-based contact center platform that supports voice, video, chat, email, social media, and API-based customer interactions.
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It generates revenue primarily through subscription-based software-as-a-service (SaaS) offerings for enterprise customers.
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It serves clients in the banking, financial services, business process outsourcing, healthcare, technology and education sectors.
Five9 is a leading provider of cloud contact center software, enabling organizations to manage customer engagement across multiple voice and digital channels. The company leverages advanced technologies such as natural language processing and automatic speech recognition to improve the efficiency and quality of customer interactions. With a scalable SaaS model and a diverse enterprise customer base, Five9 maintains a competitive advantage in the rapidly evolving contact center software industry.