SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G


UNDER THE SECURITIES EXCHANGE ACT OF 1934
Five9, Inc.
(Name of Issuer)


Common stock, par value $0.001 per share
(Title of Class of Securities)


338307101
(CUSIP Number)


08/07/2025
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐   Rule 13d-1(b)
☒   Rule 13d-1(c)
☐   Rule 13d-1(d)




SCHEDULE 13G
CUSIP No.
338307101


1 Names of Reporting Persons

Voss Value Master Fund, LP
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 1,025,600.00
6 Shared Voting Power: 0.00
7 Sole Dispositive Power: 1,025,600.00
8 Shared Dispositive Power: 0.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

1,025,600.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

1.3 %
12 Type of Reporting Person (See Instructions)

PN



SCHEDULE 13G
CUSIP No.
338307101


1 Names of Reporting Persons

Voss Value-Oriented Special Situations Fund, LP
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 150,000.00
6 Shared Voting Power: 0.00
7 Sole Dispositive Power: 150,000.00
8 Shared Dispositive Power: 0.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

150,000.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

0.2 %
12 Type of Reporting Person (See Instructions)

PN



SCHEDULE 13G
CUSIP No.
338307101


1 Names of Reporting Persons

Voss Advisors GP, LLC
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 1,175,600.00
6 Shared Voting Power: 0.00
7 Sole Dispositive Power: 1,175,600.00
8 Shared Dispositive Power: 0.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

1,175,600.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

1.5 %
12 Type of Reporting Person (See Instructions)

OO



SCHEDULE 13G
CUSIP No.
338307101


1 Names of Reporting Persons

Voss Capital, LP
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 4,250,600.00
6 Shared Voting Power: 215,000.00
7 Sole Dispositive Power: 4,250,600.00
8 Shared Dispositive Power: 215,000.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

4,465,600.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

5.8 %
12 Type of Reporting Person (See Instructions)

PN



SCHEDULE 13G
CUSIP No.
338307101


1 Names of Reporting Persons

Cocke Travis W.
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 4,250,600.00
6 Shared Voting Power: 215,000.00
7 Sole Dispositive Power: 4,250,600.00
8 Shared Dispositive Power: 215,000.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

4,465,600.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

5.8 %
12 Type of Reporting Person (See Instructions)

IN




SCHEDULE 13G

Item 1. 
(a) Name of issuer:

Five9, Inc.
(b) Address of issuer's principal executive offices:

3001 BISHOP DRIVE, SUITE 350, SAN RAMON, CA 94583
Item 2. 
(a) Name of person filing:

The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Voss Value Master Fund, L.P. ("Voss Value Master Fund"); Voss Value-Oriented Special Situations Fund, L.P. ("Voss Value-Oriented Special Situations Fund"); Voss Advisors GP, LLC ("Voss GP"); Voss Capital, L.P. ("Voss Capital"); and Travis W. Cocke.
(b) Address or principal business office or, if none, residence:

Voss Value Master Fund 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Value-Oriented Special Situations Fund 3773 Richmond, Suite 850 Houston, Texas 77046 Voss GP 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Capital 3773 Richmond, Suite 850 Houston, Texas 77046 Travis W. Cocke 3773 Richmond, Suite 850 Houston, Texas 77046
(c) Citizenship:

Voss Value Master Fund Cayman Islands Voss Value-Oriented Special Situations Fund Texas Voss GP Texas Voss Capital Texas Travis W. Cocke USA
(d) Title of class of securities:

Common stock, par value $0.001 per share
(e) CUSIP No.:

338307101
Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)☐   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)☐   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)☐   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)☐   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)☐   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)☐   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)☐   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)☐   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)☐   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)☐   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
       please specify the type of institution:
(k)☐   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
 
Item 4.Ownership
(a) Amount beneficially owned:

As of the date hereof: (i) Voss Value Master Fund beneficially owned 1,025,600 shares of Common stock, par value $0.001 per share, of the Issuer (the "Shares"), including 25,600 Shares issuable upon the exercise of certain warrants that are exercisable within 60 days (the "Warrants"). (ii) Voss Value-Oriented Special Situations Fund beneficially owned 150,000 Shares. (iii) Voss GP, as the general partner of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 1,025,600 Shares beneficially owned by Voss Value Master Fund and (ii) 150,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund. (iv) Voss Capital, as the investment manager of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and certain accounts managed by Voss Capital (the "Voss Managed Accounts"), may be deemed the beneficial owner of the (i) 1,025,600 Shares beneficially owned by Voss Value Master Fund, (ii) 150,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 3,290,000 Shares held in the Voss Managed Accounts, including 75,000 Shares issuable upon the exercise of the Warrants. (v) Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 1,025,600 Shares owned by Voss Value Master Fund, (ii) 150,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 3,290,000 Shares held in the Voss Managed Accounts, including 75,000 Shares issuable upon the exercise of the Warrants.
(b) Percent of class:

The aggregate percentage of the Shares reported owned by each person named herein is based upon 77,262,690 Shares outstanding as of July 25, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 31, 2025, plus the Shares underlying the Warrants that may be exercised by the Reporting Persons, as applicable. As of the date hereof: (i) Voss Value Master Fund may be deemed to beneficially own approximately 1.3% of the outstanding Shares; (ii) Voss Value-Oriented Special Situations Fund may be deemed to beneficially own less than 1% of the outstanding Shares; (iii) Voss GP may be deemed to beneficially own approximately 1.5% of the outstanding Shares; (iv) Voss Capital may be deemed to beneficially own approximately 5.8% of the outstanding Shares (approximately 4.3% of the outstanding Shares are held in the Voss Managed Accounts); and (v) Mr. Cocke may be deemed to beneficially own approximately 5.8% of the outstanding Shares.  %
(c) Number of shares as to which the person has:
  (i) Sole power to vote or to direct the vote:

See Cover Pages Items 5-9.

  (ii) Shared power to vote or to direct the vote:

See Cover Pages Items 5-9.

  (iii) Sole power to dispose or to direct the disposition of:

See Cover Pages Items 5-9.

  (iv) Shared power to dispose or to direct the disposition of:

See Cover Pages Items 5-9.

Item 5.Ownership of 5 Percent or Less of a Class.
 
Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
 
Not Applicable
Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
Not Applicable
Item 8.Identification and Classification of Members of the Group.
 
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.


See Exhibit 99.1.
Item 9.Notice of Dissolution of Group.
 
Not Applicable

Item 10.Certifications:
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

    SIGNATURE 
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 
Voss Value Master Fund, LP
 Signature:/s/ Travis W. Cocke
 Name/Title:Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
 Date:08/13/2025
 
Voss Value-Oriented Special Situations Fund, LP
 Signature:/s/ Travis W. Cocke
 Name/Title:Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
 Date:08/13/2025
 
Voss Advisors GP, LLC
 Signature:/s/ Travis W. Cocke
 Name/Title:Travis W. Cocke, Managing Member
 Date:08/13/2025
 
Voss Capital, LP
 Signature:/s/ Travis W. Cocke
 Name/Title:Travis W. Cocke, Managing Member
 Date:08/13/2025
 
Cocke Travis W.
 Signature:/s/ Travis W. Cocke
 Name/Title:Travis W. Cocke
 Date:08/13/2025
Exhibit Information: 99.1 - Joint Filing Agreement

Exhibit 99.1

JOINT FILING AGREEMENT

The undersigned hereby agree that the Statement on Schedule 13G dated August 13, 2025 with respect to the Common stock, par value $0.001 per share, of Five9, Inc., a Delaware corporation, and any further amendments thereto executed by each and any of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

Voss Value Master Fund, LP
 
By:

/s/ Travis W. Cocke

  
  Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
Date: 08/13/2025

 

Voss Value-Oriented Special Situations Fund, LP
 
By:

/s/ Travis W. Cocke

  
  Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
Date: 08/13/2025

 

Voss Advisors GP, LLC
 
By:

/s/ Travis W. Cocke

  
  Travis W. Cocke, Managing Member
Date: 08/13/2025

 

Voss Capital, LP
 
By:

/s/ Travis W. Cocke

  
  Travis W. Cocke, Managing Member
Date: 08/13/2025

 

Cocke Travis W.
 
By:

/s/ Travis W. Cocke

  
  Travis W. Cocke
Date: 08/13/2025