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.
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.
Key Financial Metrics
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
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIVN-1780954093784 |
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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