No actionable signal from this cluster. The dollar amount is too small to indicate informed selling. Monitor next quarterly filing for any fundamental deterioration, but this cluster alone does not warrant a position change.
Price Chart
Executive Summary
Two C-suite insiders at Five9 (CFO and President) sold a combined $174K in open-market transactions over two days. The dollar amount is trivial relative to the $1.8B market cap (~0.01%), making this a routine liquidity-driven cluster with no material signal. The sales coincide with no disclosed negative catalyst and likely reflect standard portfolio diversification or tax planning.
Key Financial Metrics
Key Facts
- CFO Bryan Lee sold 6,305 shares total ($152K) on June 4-5, 2026
- President Andy Dignan sold 5,473 shares total ($132K) on June 4-5, 2026
- Total cluster value of $174K represents ~0.01% of $1.8B market cap
- No 10b5-1 plan disclosure in the filing; sales are open-market
- Prior 30-day insider activity shows 4 sells totaling $285K — consistent pattern
Financial Impact
Trivial — $174K in sales is ~0.01% of market cap
Risk Factors
- Insider sales could accelerate if negative news emerges before next earnings
- Cluster timing near quarter-end may reflect blackout-window planning rather than bearish view
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIVN-1780953945379 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $35.10 | awaiting T+20 | — | $37.74 (+7.52%) |
Oct 16, 2026 10d ago | SC 13G/A | $32.23 | awaiting T+20 | — | $37.74 (+17.10%) |
Sep 9, 2026 6w ago | Insider Cluster | $30.25 $35.15 | ▲ +16.20% | ▲ +13.82% | $37.74 (+24.76%) |
Sep 9, 2026 6w ago | Insider Cluster | $30.25 $35.15 | ▲ +16.20% | ▲ +14.07% | $37.74 (+24.76%) |
Sep 8, 2026 6w ago | Insider Cluster | $30.37 $33.78 | ▼ −11.23% | ▼ −9.28% | $37.74 (−24.27%) |
Aug 21, 2026 9w ago | Institutional Cluster | $32.75 $37.01 | ▲ +13.01% | ▲ +13.53% | $37.74 (+15.24%) |
Jun 22, 2026 18w ago | 8-K | $19.06 $25.70 | ▲ +34.84% | ▲ +33.68% | $37.74 (+98.01%) |
Jun 8, 2026 20w ago | Insider Cluster | $21.68 $24.99 | ▲ +15.24% | ▲ +13.80% | $37.74 (+74.08%) |
Jun 8, 2026 20w ago | Insider Cluster | $21.68 $24.99 | ▲ +15.24% | ▲ +13.80% | $37.74 (+74.08%) |
Jun 8, 2026 20w ago | Insider Cluster | $21.68 $24.99 | ▲ +15.24% | ▲ +13.80% | $37.74 (+74.08%) |
US Market Status
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