Key executives at Five9 have recently cashed out notable amounts of company stock. SVP & CAO Leena Mansharamani sold 1,926 shares for a total of $34,417. Chief Administrative & Legal Officer Tiffany N. Meriweather executed a larger sale of 5,942 shares, netting $106,183. Meanwhile, CRO Matthew E. Tuckness sold 5,164 shares, generating proceeds of $92,280. These insider transactions highlight a series of significant stock disposals by senior leadership at Five9
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There is no way all of it is to cover taxes. that means their true sales are in the millions.
Any financially literate employee should sell their shares on vest and diversify the resulted cash.
And? Didn’t you too sell stocks recently to cover taxes?
STC - sell to cover. It’s automatic. Get a grip
They’re not insider transactions. It’s a sale of stock to cover taxes. It’s a legal requirement in most RSU vests. The execs have no choice. No one who gets RSU awards has a choice. Your post suggests you don’t understand this which means you’re not an employee at Five9 but a troll trying to stir up bad feelings.
I would sell to cover my taxes, what’s your point?