Five9 Grants 104,011 RSUs To Two New Hires Under Nasdaq Exemption

Five9, Inc. disclosed on September 9, 2026, that it granted restricted stock unit awards covering a total of 104,011 shares of common stock to two non-executive officer employees. The Compensation Committee approved these grants, which were structured as material inducements to secure the hires, effective as of August 24, 2026. The awards were issued under the Five9, Inc. 2026 Inducement Equity Incentive Plan.

This disclosure is required by Nasdaq Listing Rule 5635(c)(4), which mandates public announcement of equity awards granted as hiring inducements. The company stated that the grants were made in reliance on this specific exemption. The stock is traded on the Nasdaq exchange under the ticker FIVN.

Vesting Schedule For New Hires

The vesting terms are staggered over three years. One-third of the RSUs vest on September 3, 2027. The remaining balance vests quarterly, with one-twelfth of the total award released in each subsequent quarter. Full vesting occurs on September 3, 2029, provided the employees maintain continuous service through each applicable vesting date.

Regulatory Compliance And Disclosure

The issuance complies with the employment inducement exemption under Nasdaq rules. This specific rule allows companies to grant equity awards to attract new talent without requiring shareholder approval, provided the company makes a timely public disclosure. Five9 issued this press release to satisfy that regulatory requirement, as reported by GN stocks/nasdaq.

Company Platform And Scale

Five9 operates a cloud-native platform for customer experience, serving over 4,000 customers in more than 140 countries. The company has been active since 2001 and positions its technology around agentic AI workflows for regulated industries such as healthcare and finance. The addition of these two employees supports the company's ongoing operational and technical development.