Thread regarding Five9 Inc. layoffs

SAN RAMON, Calif.--(BUSINESS WIRE)--Five9, Inc. (Nasdaq: FIVN) (“Five9” or the “Company”) today announced that on October 12, 2026, the Company granted restricted stock unit awards (“RSUs”) covering an aggregate of 93,116 shares of the Company’s common stock (“Shares”) to five non-executive officer employees (collectively, the “Inducement Awards”). The Compensation Committee of the Board of Directors of the Company approved the grant of the Inducement Awards, which were each offered as a material inducement to each of the employees entering into employment with the Company, effective as of September 28, 2026. The Inducement Awards were granted under the Five9, Inc. 2026 Inducement Equity Incentive Plan. 1/3 of the RSUs will vest on September 3, 2027, and 1/12 of the RSUs will vest quarterly thereafter, so that the RSUs are fully vested on September 3, 2029, subject to the employee’s continuous service through the applicable vesting date.