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Insider Cluster (4 insiders) ·Filed Sep 9, 2026

FIVN

Five9, Inc.
NEUTRAL
Impact 3/10
Horizondays Processed1mo ago
Insider cluster: 4 insiders, $0.3M total
Actionable Insight • Neutral

The cluster is small and lacks the dollar magnitude to signal material negative information. Monitor next quarterly filing for any fundamental deterioration, but this insider activity alone does not warrant a bearish stance.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+20d
FIVN ▲ +16.20% at T+20d
NEUTRAL call +16.20% · α vs SPY +14.07% · entry $30.25 → $35.15
Next anchor: T+60d in 6w
Latest observation: T+31 +8.62% FF3 residual α
Entry = T+0 close
Sep 10, 2026
via day close
T+1d
+1.36%
call +1.36% · α +0.50%
$30.66
settled 6w ago
T+5d
+14.05%
call +14.05% · α +13.42%
$34.50
settled 6w ago
T+20d
+16.20%
call +16.20% · α +14.07%
$35.15
settled 18d ago
T+60d
Pending
in 6w

Price Chart

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Executive Summary

Four Five9 insiders, including the President, CFO, and Chief Legal Officer, sold a total of ~$330K in open-market sales over a one-week window in early September 2026. The sales are modest in absolute terms and represent a tiny fraction of the company's market cap, suggesting routine portfolio diversification rather than a negative signal. The cluster includes C-suite officers but lacks the material dollar magnitude needed for a bearish read.

Key Financial Metrics

Direction
selling
Total Value
$330.0K
Insiders
4

Key Facts

  • Four insiders sold shares in open-market transactions between Sept 3–8, 2026
  • Total proceeds: ~$330K across all sales
  • Sellers include President Andy Dignan, CFO Bryan M. Lee, Chief Admin. & Legal Officer Tiffany N. Meriweather, and SVP/CAO Leena Mansharamani
  • No insider purchases occurred during the window
  • Sales are small relative to typical market cap for a mid-cap SaaS company

Financial Impact

~$330K in insider sales, immaterial relative to company market cap

Risk Factors

  • Insider selling could accelerate if business fundamentals weaken
  • No insider buying to offset the selling signal

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-FIVN-1789620231543
13 reports for FIVN
Performance horizon
67% Hit rate @ T+20 2 of 3 directional calls Went positive at some point 3 of 3 best @ T+20▲ +15.82%Mar 4, 2026
Filters
Rows
Reports for FIVN — sortable, filterable
TypeNow
Oct 21, 2026
5d ago
Institutional Cluster
NEUTRAL ★ 3/10
$35.10awaiting T+20—$37.74 (+7.52%)
Oct 16, 2026
10d ago
SC 13G/A
NEUTRAL ★ 3/10
$32.23awaiting T+20—$37.74 (+17.10%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$30.25 $35.15▲ +16.20%▲ +13.82%$37.74 (+24.76%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$30.25 $35.15▲ +16.20%▲ +14.07%$37.74 (+24.76%)
Sep 8, 2026
6w ago
Insider Cluster
BEARISH ★ 4/10
$30.37 $33.78▼ −11.23%▼ −9.28%$37.74 (−24.27%)
Aug 21, 2026
9w ago
Institutional Cluster
MIXED ★ 5/10
$32.75 $37.01▲ +13.01%▲ +13.53%$37.74 (+15.24%)
Jun 22, 2026
18w ago
8-K
NEUTRAL ★ 2/10
$19.06 $25.70▲ +34.84%▲ +33.68%$37.74 (+98.01%)
Jun 8, 2026
20w ago
Insider Cluster
NEUTRAL ★ 3/10
$21.68 $24.99▲ +15.24%▲ +13.80%$37.74 (+74.08%)
Jun 8, 2026
20w ago
Insider Cluster
NEUTRAL ★ 2/10
$21.68 $24.99▲ +15.24%▲ +13.80%$37.74 (+74.08%)
Jun 8, 2026
20w ago
Insider Cluster
NEUTRAL ★ 2/10
$21.68 $24.99▲ +15.24%▲ +13.80%$37.74 (+74.08%)
Showing 10 of 13

US Market Status

Market Closed — Opens Tue (< 1m)

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Report published Sep 9, 2026