FIVN Five9, Inc.
Price Chart
Executive Summary
Three senior insiders at Five9 (CFO, President, CAO) sold a combined $237K in open-market sales over two days, representing ~0.013% of the $1.8B market cap. The dollar amount is trivial relative to company size, and the cluster is likely driven by routine portfolio rebalancing or tax planning rather than a shared bearish view. Historical calibration shows this filing type has a negative average net alpha at T+20, but the absolute magnitude here is too small to warrant a directional call.
Key Financial Metrics
Actionable Insight
The insider selling is too small to be informative. Monitor for any material corporate events (earnings, M&A, guidance) that could explain a change in insider behavior, but no immediate action warranted.
Key Facts
- Three insiders sold: CFO Bryan Lee ($152K total), President Andy Dignan ($132K total), CAO Leena Mansharamani ($63K)
- Total open-market sales: ~$237K, or ~0.013% of $1.8B market cap
- Sales occurred on June 4-5, 2026, at prices between $24.15 and $24.81
- No insider purchases were reported in the cluster
- Prior 30-day insider activity shows 6 sells totaling $563K, consistent with ongoing routine selling
Financial Impact
Insider sales of ~$237K represent 0.013% of market cap — immaterial
Risk Factors
- Insider selling could accelerate if fundamentals deteriorate, but current levels are routine
- The cluster is entirely sells with no buys, which may signal a lack of insider conviction at current prices
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIVN-1780954093784 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $23.15 awaiting T+20 | awaiting T+20 | — | $23.15 (−0.00%) |
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $23.15 awaiting T+20 | awaiting T+20 | — | $23.15 (−0.00%) |
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $23.15 awaiting T+20 | awaiting T+20 | — | $23.15 (−0.00%) |
|
Apr 7, 2026
9w ago
|
DEFA14A
| $14.59 $24.26 | ▲ +66.28% | ▲ +57.73% | $23.15 (+58.67%) |
|
Mar 4, 2026
14w ago
|
Insider Cluster
| $17.89 $15.06 | ▲ +15.82% | ▲ +11.40% | $23.15 (−29.40%) |
|
Mar 4, 2026
14w ago
|
Insider Cluster
| $17.89 $15.06 | ▲ +15.82% | ▲ +11.40% | $23.15 (−29.40%) |
US Market Status
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