Home / Business and Economy / Five9 Exec Sells Big: $627K Stock Sale
Five9 Exec Sells Big: $627K Stock Sale
21 Jun
Summary
- Chief Administrative Officer sold nearly 30,000 Five9 shares.
- Sale represents 9.6% of her direct holdings.
- Transaction occurred around May 13-14, 2026.
Tiffany N. Meriweather, Five9's Chief Administrative and Legal Officer, reported the sale of 29,817 shares on May 13 and 14, 2026. This transaction, executed through open-market sales, amounted to approximately $627,000 based on a weighted average price of $21.05 per share. This represented the largest single direct sale of Five9 stock by Meriweather to date, surpassing previous sales.
The sale accounted for 9.6% of her direct holdings at the time, reducing her ownership stake from 311,115 to 281,298 shares. This move follows a period where Five9 shares had experienced a 22.40% decline over the preceding year. The transaction's size suggests a shift towards larger, less frequent trades as her direct holdings decrease.
Five9 is a provider of cloud-based contact center software, offering solutions for voice, video, chat, and other communication channels. The company utilizes a SaaS model to deliver its services, primarily generating revenue through subscriptions and usage-based fees to enterprise and mid-market clients across various industries.
