---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-158111"
form_type: "8-K"
ticker: "FIVN"
cik: "0001288847"
company_name: "Five9, Inc."
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:32:50.304384+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Five9 grants $8M retention awards to President; title changed to President and CRO

## Summary
- Daniel Burkland appointed President and Chief Revenue Officer, effective immediately.
- Receives RSUs valued at $2M vesting quarterly over two years subject to continued service.
- Receives PRSUs valued at $6M tied to two quarterly revenue targets through Q4 2023.
- Burkland is brother of Chairman Michael Burkland (related-party disclosure).
- PRSUs vest in quarterly installments upon certification of revenue goal achievement.

## SEC filing metadata
- accession: 0001193125-22-158111
- form_type: 8-K
- ticker: FIVN
- cik: 0001288847
- company_name: Five9, Inc.
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288847/000119312522158111/0001193125-22-158111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288847/000119312522158111/d360924d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-158111
- JSON: https://secwatch.observer/filing/0001193125-22-158111.json
- Plain text: https://secwatch.observer/filing/0001193125-22-158111.txt

## Key facts
- Executive change
  Daniel Burkland was appointed as President and Chief Revenue Officer at Five9, Inc..
  - Action: appointed
  - Role: President and Chief Revenue Officer
  source text: approved his new title of President and Chief Revenue Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288847/000119312522158111/0001193125-22-158111-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.