Five9 Director Michael Burkland Files to Sell $6.15M in Stock
FIVN has more than doubled off its 52-week low of $13.29.
Summary
Five9 director Michael Burkland plans to sell $6.15M in stock, adding to a pattern of insider selling near the stock's 52-week high.
Key Events · Ownership and Investor Activity · FIVN
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Director Burkland Files $6.15M Sale
Michael Burkland, a director and officer, filed a Form 144 to sell 181,020 shares worth approximately $6.15 million on August 14, 2026.
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Insider Selling Pattern Continues
This filing adds to a 90-day insider selling pattern totaling $1.39 million across six insiders, with no open-market purchases.
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Sale Near 52-Week High
The stock is trading near its 52-week high of $34.58, suggesting insiders may be capitalizing on recent price strength following strong Q2 results.
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Larger Than Recent Insider Sales
Burkland's planned sale is significantly larger than the $190K Form 144 filed by officer Panos Kozanian on August 11, 2026.
Analysis · FIVN · Technology
Director and officer Michael Burkland filed a Form 144 to sell 181,020 shares worth approximately $6.15 million. This is a significant insider sale, especially given the stock is trading near its 52-week high. The filing is part of a broader pattern of insider selling at Five9, with six insiders having sold over $1.38 million in the past 90 days. Burkland's sale is larger than recent Form 144s from other insiders, and it comes just days after the company reported strong Q2 results, suggesting insiders may be taking advantage of the stock's recent strength.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FIVN was trading at $33.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $13.29 to $34.58. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.