The lack of 10b5-1 plan disclosure and the concentration of selling in the President's position suggests potential concern about near-term valuation or fundamentals. Monitor next earnings or 10-Q filing for any negative guidance or guidance revision.
Price Chart
Executive Summary
Two Five9 insiders, including President Andy Dignan, sold a total of $626K in shares over a one-week window. Dignan's $622K sale is the dominant transaction, representing approximately 0.19% of the company's market cap. The sales are open-market (code S) and not explicitly flagged as 10b5-1 plan-driven, making them a modest bearish signal, though the dollar amount relative to market cap is below the 0.5% threshold for high materiality.
Key Financial Metrics
Key Facts
- President Andy Dignan sold 17,800 shares for $622K on 2026-08-28.
- SVP/CAO Leena Mansharamani sold 100 shares for $4K on 2026-09-03.
- Total insider sales of $626K represent ~0.19% of market cap.
- No 10b5-1 plan indication in the filing; sales are open-market (code S).
- No insider purchases were reported in the cluster.
Financial Impact
Total insider sales of $626K, approximately 0.19% of market cap.
Risk Factors
- Insider selling may signal management's view of overvaluation or upcoming negative news.
- No offsetting insider buying to counterbalance the bearish signal.
- Cluster sales without plan disclosure are more informative than routine plan-driven sales.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIVN-1788908913176 |
Track record builds as more directional reports settle.
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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