Andy Dignan, President, sold 17,767 shares of Five9 (NASDAQ:FIVN) common stock on Aug. 28, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($35.03); post-transaction value based on Aug. 28, 2026, market close ($34.05).
Key questions
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What does the timing of the Rule 10b5-1 plan adoption suggest?
The plan was established on Sept. 2, 2025, providing a lead time of nearly one year before this transaction and indicating the sale was part of a long-term financial strategy. -
What is the insider’s remaining direct equity interest in the company?
Dignan continues to hold 257,920 shares directly, which represents a total post-transaction value of $8.8 million as of the Aug. 28, 2026, market close. -
Where was the stock priced at the time of the disclosure?
As of the Aug. 31, 2026, market close, shares of the cloud software provider were priced at $34.56, following a 28% total return over the 12 months ending on the Aug. 28, 2026, transaction date. -
What is the current insider ownership level at the company?
Total insider ownership at the company stands at 0.3%, with the president’s disposal representing a routine liquidation of equity under a pre-established plan.
Company Overview
Company Snapshot
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Five9 provides cloud-based contact center software solutions that integrate comprehensive applications for customer service, sales, and marketing operations, generating revenue primarily through subscription-based licensing of its virtual contact center platform.
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The company operates a SaaS business model, delivering its cloud platform to enterprise and mid-market customers on a subscription basis, enabling clients to manage customer engagements across multiple communication channels without on-premise infrastructure.
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Five9 serves enterprise and mid-market organizations across various industries that require scalable contact center capabilities, including companies in financial services, healthcare, retail, and technology sectors seeking to optimize customer interaction management.
Five9 is a leading global provider of cloud-based contact center software with $1.2 billion in TTM revenue and a market capitalization of $2.2 billion. The company operates a highly scalable SaaS platform that enables organizations to manage customer interactions across multiple channels while reducing capital expenditures associated with traditional on-premise solutions. Five9’s competitive positioning is reinforced by its comprehensive feature set, multi-channel integration capabilities, and established customer base of 2,910 employees supporting operations across the United States and international markets.
