---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-048976"
form_type: "8-K"
ticker: "FIVN"
cik: "0001288847"
company_name: "Five9, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:20:31.109943+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Five9 prices upsized $650M 1% convertible notes due 2029; proceeds to repurchase 2025 notes

## Summary
- Offering upsized from $600M to $650M; initial purchasers have 13-day option for additional $97.5M.
- Net proceeds estimated at $633.5M (or $728.8M if option fully exercised).
- Approximately $304.9M of net proceeds used to repurchase $313.1M of outstanding 0.500% convertible notes due 2025.
- Initial conversion price of ~$79.42 per share (30% premium over $61.09 closing price).
- Capped call transactions entered to reduce potential dilution; cap price initially $122.18 per share.

## SEC filing metadata
- accession: 0001193125-24-048976
- form_type: 8-K
- ticker: FIVN
- cik: 0001288847
- company_name: Five9, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288847/000119312524048976/0001193125-24-048976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288847/000119312524048976/d758295d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-048976
- JSON: https://secwatch.observer/filing/0001193125-24-048976.json
- Plain text: https://secwatch.observer/filing/0001193125-24-048976.txt

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