Voss Capital's stake dropped below 5% due to share count increase, not selling. Monitor future 13G filings for further reductions or a potential conversion to 13D if the fund shifts to activist strategy.
Price Chart
Executive Summary
Voss Capital, LP filed an amended Schedule 13G on 10/16/2026, disclosing a 4.7% passive stake in Five9, Inc. (FIVN) as of 9/30/2026. The filing shows a reduction from the prior 13G/A filed on 7/14/2026, where Voss Capital reported a 5.1% stake (3,482,440 shares vs. 3,482,440 shares previously — share count unchanged but percentage dropped due to an increase in total shares outstanding from 68,000,000 to 74,723,531). The stake remains below the 5% threshold, and the filer continues to certify passive intent.
Key Financial Metrics
Key Facts
- Voss Capital, LP reported beneficial ownership of 3,482,440 shares of Five9, Inc. common stock as of 9/30/2026.
- The stake represents 4.7% of shares outstanding, down from 5.1% in the prior filing due to share count dilution.
- Total shares outstanding used for calculation: 74,723,531 as of July 31, 2026 (per issuer's 10-Q filed 8/6/2026).
- The filing is a passive investment statement under Rule 13d-1(c); no activist intent is indicated.
Financial Impact
No material financial impact — passive stake reduction from 5.1% to 4.7% due to share dilution, not share sales.
Risk Factors
- Voss Capital could continue to reduce its position, signaling waning conviction.
- If Voss Capital converts to a 13D filer, it may signal activist intentions.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002060757-26-000057 |
| Document: 0002060757-26-000057-index.html | 0002060757-26-000057 |
| Document: 0002060757-26-000057.txt | 0002060757-26-000057 |
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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