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AMENDMENT NO. 4 TO CREDIT AGREEMENT 

THIS AMENDMENT NO. 4 TO CREDIT AGREEMENT (this “Amendment”) is entered into as of December 19, 2019 by and among SOUTHWESTERN ENERGY COMPANY, a Delaware corporation (the “Borrower”), the Lenders signatory hereto and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). 

RECITALS: 

WHEREAS, reference is made to that certain Credit Agreement dated as of April 26, 2018, by and among the Borrower, the Lenders from time to time party thereto and the Administrative Agent (as amended by that certain Amendment No. 1 to Credit Agreement dated as of October 23, 2018, that certain Amendment No. 2 to Credit Agreement dated as of October 8, 2019, and that certain Amendment No. 3 to Credit Agreement dated as of November 1, 2019, the “Credit Agreement”); and 

WHEREAS, the Borrower has requested that the Lenders agree to amend certain provisions of the Credit Agreement, and the Lenders party hereto, which constitute the Majority Lenders, have agreed to amend the Credit Agreement as hereinafter set forth. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Defined Terms. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement, as amended hereby. 

Section 2. Amendments to Credit Agreement. 

(a) Section 6.13(a)(i)(A) of the Credit Agreement is hereby amended and restated as follows: 

(A) for the period from the date of entering into such hedging transaction through the twenty-fourth (24th) month from the date of entering into such hedging transaction, ninety percent (90%) of the reasonably anticipated projected production  of  crude  oil,  natural  gas  liquids  and  natural  gas  (calculated separately on a monthly basis) from Proved Reserves of the Loan Parties evaluated in the most recently delivered Reserve Report (provided that (i) for  the period from November 1, 2019 through December 31, 2019, such ninety  percent (90%) limitation shall instead be one hundred percent (100%) of the  reasonably anticipated projected production of crude oil, natural gas liquids and  natural gas (calculated separately on a monthly basis) from Proved Reserves of  the Loan Parties evaluated in the most recently delivered Reserve Report and (ii) for natural gas for the period from January 1, 2020 through October 31, 2020, such ninety percent (90%) limitation shall instead be one hundred percent (100%) of the reasonably anticipated projected production of natural gas (calculated on a monthly basis) from Proved Reserves of the Loan Parties evaluated in the most recently delivered Reserve Report); and 
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Section 3. Amendment No. 4 Effective Date; Conditions Precedent. This Amendment shall become effective on the date (the “Amendment No. 4 Effective Date”) on which the following conditions have been satisfied: 

(a) the Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent, a counterpart of this Amendment executed by the Borrower, the Administrative Agent and Lenders constituting the Majority Lenders; 

(b) the Borrower shall have paid to the extent invoiced at or before 1:00 p.m., New York City time, on the Business Day immediately prior to the Amendment No. 4 Effective Date, all out-of-pocket expenses required to be reimbursed or paid by the Borrower pursuant to Section 9.03 of the Credit Agreement or any other Loan Document; 

(c) the representations and warranties contained in Section 4 hereof shall be true and correct; and 

(d) no Default or Event of Default shall have occurred and be continuing. 

The Administrative Agent shall notify the Borrower and the Lenders of the Amendment No. 4 Effective Date, and such notice shall be conclusive and binding. 

Section 4. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Borrower represents and warrants that, before and after giving effect to each of the amendments set forth in this Amendment: 

(a) the representations and warranties set forth in Article III of the Credit Agreement and in the other Loan Documents are true and correct in all material respects (or, in the case of any such representations and warranties that are qualified as to materiality or Material Adverse Effect in the text thereof, such representations and warranties are true and correct in all respects) on and as of the Amendment No. 4 Effective Date, except to the extent made as of a specific date, which representations and warranties shall have been true and correct in all material respects as of such specific date (or, in the case of any such representation and warranties that are qualified as to materiality or Material Adverse Effect in the text thereof, such representations and warranties shall have been true and correct in all respects as of such specific date); and 

(b) no Default or Event of Default has occurred and is continuing on the Amendment No. 4 Effective Date. 

Section 5. Confirmation of Loan Documents. Except as expressly contemplated hereby, the terms, provisions, conditions and covenants of the Credit Agreement, as amended by this Amendment, and the other Loan Documents remain in full force and effect and are hereby ratified and confirmed, and the execution, delivery and performance of this Amendment shall not, except as expressly set forth in this Amendment, operate as a waiver of, consent to or amendment of any term, provision, condition or covenant thereof. Without limiting the generality of the foregoing, except pursuant hereto or as expressly contemplated or amended hereby, nothing contained herein shall be deemed: (a) to constitute a waiver of compliance or consent to noncompliance by any Loan Party 
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with respect to any term, provision, condition or covenant of the Credit Agreement or any other Loan Document; (b) to prejudice any right or remedy that the Administrative Agent or any Lender may now have or may have in the future under or in connection with the Credit Agreement or any other Loan Document; or (c) to constitute a waiver of compliance or consent to noncompliance by the Borrower with respect to the terms, provisions, conditions and covenants of the Credit Agreement and the other Loan Documents made the subject hereof. 

Section 6. Ratification of Collateral Documents . The Borrower hereby acknowledges and ratifies, on behalf of itself and each other Loan Party, the existence and priority of the Liens granted by the Loan Parties in and to the Collateral in favor of the Secured Parties and represents and warrants, on behalf of itself and each other Loan Party, that such Liens and security interests are valid, existing and in full force and effect. The Borrower hereby ratifies and confirms, on behalf of itself and each other Loan Party, each Loan Party’s obligations under the Collateral Documents to which such Loan Party is a party and hereby represents and acknowledges, on behalf of itself and each other Loan Party, that the Loan Parties have no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of their obligations thereunder.  Furthermore, the Borrower agrees, on behalf of itself and each other Loan Party, that nothing contained in this Amendment shall adversely affect any right or remedy of the Administrative Agent or the Lenders under the Collateral Documents or any of the other Loan Documents.  Finally, the Borrower hereby represents and warrants, on behalf of itself and each other Loan Party, that the execution and delivery of this Amendment and the other documents executed in connection herewith shall in no way change or modify its or any other Loan Party’s obligations as a debtor, pledgor, assignor, obligor, grantor, mortgagor and/or chargor under any Collateral Document and the other Loan Documents and shall not constitute a waiver by the Administrative Agent or the Lenders of any of their rights against any Loan Party. 

Section 7. Effect of Amendment. From and after the Amendment No. 4 Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereof”, or “hereunder” or words of like import, and all references to the Credit Agreement in the Loan Documents and any and all other agreements, instruments, documents, notes, certificates, guaranties and other writings of every kind and nature shall be deemed to mean the Credit Agreement as modified by this Amendment. This Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and the other Loan Documents. 

Section 8. Costs and Expenses. Pursuant to the terms of Section 9.03 of the Credit Agreement, the Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates in connection with the preparation, execution and enforcement of this Amendment. 

Section 9. Choice of Law. This Amendment and all other documents executed in connection herewith and the rights and obligations of the parties hereto and thereto, shall be construed in accordance with and governed by the law of the State of New York. 

Section 10. Counterparts; Integration; Effectiveness. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment, the Credit Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the 
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parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Amendment shall become effective on the Amendment No. 4 Effective Date, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page to this Amendment by facsimile, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment. 

Section 11. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 

[Remainder of page intentionally left blank; signature pages follow.] 
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.

SOUTHWESTERN ENERGY COMPANY,
a Delaware corporation

By: /s/ Randall Barron                              
Name: Randal Barron                         
Title: VP and Treasurer                    

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and as a Lender

By: /s/ Travis Watson                               
Name: Travis Watson                         
Title: Vice President                         

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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BANK OF AMERICA, N.A., as a Lender

By: /s/ Raza Jafferi                                    
Name: Raza Jafferi                             
Title: Director                                   

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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WELLS FARGO BANK, N.A., as a Lender

By: /s/ Jonathan Herrick                           
Name: Jonathan Herrick                     
Title: Director                                   

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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CITIBANK, N.A., as a Lender

By: /s/ Ivan Davey                                    
Name: Ivan Davey                              
Title: Vice President                         

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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MUFG BANK, LTD., 
as a Lender

By: /s/ Kevin Sparks                                 
Name: Kevin Sparks                           
Title: Director                                   

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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MIZUHO BANK, LTD., as a Lender

By: /s/ Ed Sacks                                        
Name: Ed Sacks                                  
Title: Authorized Signatory              

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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ROYAL BANK OF CANADA, 
as a Lender

By: /s/ Kristan Spivey                               
Name: Kristan Spivey                        
Title: Authorized Signatory              

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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BANK OF MONTREAL, 
as a Lender

By: /s/ Hill Taylor                                     
Name: Hill Taylor                               
Title: Vice President                         

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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SUMITOMO MITSUI BANKING
CORPORATION, 
as a Lender

By: /s/ Michael Maguire                            
Name: Michael Maguire                     
Title: Executive Director                  

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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BBVA USA, 
as a Lender

By: /s/ Daniel Ferreyra                              
Name: Daniel Ferreyra                        
Title: Vice President                          

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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CRÉDIT AGRICOLE CORPORATE AND
INVESTMENT BANK, 
as a Lender

By: /s/ Dixon Schultz                                
Name: Dixon Schultz                          
Title: Managing Director                  

By: /s/ Michael Willis                                
Name: Michael Willis                          
Title: Managing Director                   

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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CANADIAN IMPERIAL BANK OF
COMMERCE, NEW YORK BRANCH 
as a Lender

By: /s/ Trudy Nelson                                 
Name: Trudy Nelson                           
Title: Authorized Signatory              

By: /s/ Scott W. Danvers                            
Name: Scott W. Danvers                     
Title: Authorized Signatory               

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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TRUIST BANK formerly known as BRANCH
BANKING AND TRUST COMPANY, 
as a Lender

By: /s/ Lincoln LaCour                              
Name: Lincoln LaCour                       
Title: Vice President                         

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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FIFTH THIRD BANK, National Association 
as a Lender

By: /s/ Larry Hayes                                   
Name: Larry Hayes                             
Title: Director                                    

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, 
as a Lender

By: /s/ Nupur Kumar                                 
Name: Nupur Kumar                           
Title: Authorized Signatory               

By: /s/ Christopher Zybrick                       
Name: Christopher Zybrick                 
Title: Authorized Signatory               

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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HSBC BANK USA, N.A., as a Lender

By: /s/ Michael Bustios                              
Name: Michael Bustios                       
Title: Senior Vice President               

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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REGIONS BANK,
as a Lender

By: /s/ Miles Matter                                   
Name: Miles Matter                             
Title: Vice President                          

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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PNC BANK, NATIONAL ASSOCIATION,
as a Lender

By: /s/ Arthur King Brown III                   
Name: Arthur King Brown III             
Title: Assistant Vice President          

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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CITIZENS BANK, N.A.,
as a Lender

By: /s/ Richard Hawthorne                        
Name: Richard Hawthorne                 
Title: Senior Vice President              

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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ABN AMRO Capital USA LLC,
as a Lender

By: /s/ David Montgomery                        
Name: David Montgomery                  
Title: Managing Director                   

By: /s/ Darrell Holley                                
Name: Darrell Holley                          
Title: Managing Director                   

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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ING CAPITAL LLC,
as a Lender

By: /s/ Juli Bieser                                       
Name: Juli Bieser                                 
Title: Managing Director                   

By: /s/ Scott Lamoreaux                            
Name: Scott Lamoreaux                      
Title: Director                                    

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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NATIXIS, NEW YORK BRANCH,
as a Lender

By: /s/ Vikram Nath                                   
Name: Vikram Nath                             
Title: Director                                     

By: /s/ Brian O’Keefe                                
Name: Brian O’Keefe                          
Title: Vice President                          

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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KEYBANK NATIONAL ASSOCIATION,
as a Lender

By: /s/ George E. McKean                          
Name: George E. McKean                   
Title: Senior Vice President               

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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GOLDMAN SACHS LENDING PARTNERS
LLC,
as a Lender

By: /s/ Jamie Minieri                                  
Name: Jamie Minieri                            
Title: Authorized Signatory                

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)

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SHELL TRADING RISK MANAGEMENT, LLC,
as a Lender

By: /s/ Carla E. Vincitore                            
Name: Carla E. Vincitore                     
Title: President                                    

Signature Page to Amendment No. 4 to Credit Agreement
(Southwestern Energy Company)
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Exhibit 4.4

DESCRIPTION OF REGISTRANT’S SECURITIES

The following brief description of the capital stock of Five9, Inc. (“us”, “our”, “we”, or the “Company”) is a summary. This summary is not complete and is subject to and qualified in its entirety by reference to the complete text of our Amended and Restated Certificate of Incorporation (“Certificate of Incorporation”), and our Amended and Restated Bylaws (“Bylaws”) previously filed with the U.S. Securities and Exchange Commission and incorporated by reference as an exhibit to this Annual Report on Form 10-K of which this Exhibit 4.4 forms a part. We encourage you to read the Certificate of Incorporation and Bylaws carefully.

General

The Certificate of Incorporation provides that the Company may issue 455,000,000 shares of capital stock, of which 450,000,000 shares are designated as common stock, par value $0.001 per share, and 5,000,000 shares are designated as of preferred stock, par value $0.001 per share. 

Common Stock

Voting Rights

The holders of our common stock are entitled to one vote per share on any matter to be voted upon by stockholders. The Certificate of Incorporation does not provide for cumulative voting in connection with the election of directors, and accordingly, holders of more than 50% of the shares voting will be able to elect all of the directors. The holders of a majority of the shares of common stock issued and outstanding constitute a quorum at all meetings of stockholders for the transaction of business.

Dividends

The holders of our common stock are entitled to dividends if, as and when declared by our board of directors, from funds legally available therefor, subject to the preferential rights of the holders of our preferred stock, if any, and certain contractual limitations on our ability to declare and pay dividends.

Other Rights

No holder of our common stock has any preemptive right to subscribe for any shares of our capital stock issued in the future.

Upon any voluntary or involuntary liquidation, dissolution, or winding up of our affairs, the holders of our common stock are entitled to share ratably in all assets remaining after payment of creditors and subject to prior distribution rights of our preferred stock, if any.

Preferred Stock

Our board of directors may, by resolution, establish one or more classes or series of preferred stock having the number of shares and relative voting rights, designations, dividend rates, liquidation, and other rights, preferences, and limitations as may be fixed by them without further stockholder 

approval. The holders of our preferred stock may be entitled to preferences over common stockholders with respect to dividends, liquidation, dissolution, or our winding up in such amounts as are established by the resolutions of our board of directors approving the issuance of such shares.

The issuance of our preferred stock may have the effect of delaying, deferring or preventing a change in control of us without further action by our stockholders and may adversely affect voting and other rights of holders of our common stock. In addition, issuance of preferred stock, while providing desirable flexibility in connection with possible acquisitions, financings and other corporate purposes, could make it more difficult for a third party to acquire a majority of our outstanding shares of voting stock. 

Certain Anti-Takeover Effects of Delaware Law

We are subject to Section 203 of the DGCL (“Section 203”). In general, Section 203 prohibits a publicly held Delaware corporation from engaging in various “business combination” transactions with any interested stockholder for a period of three years following the date of the transactions in which the person became an interested stockholder, unless: 

•the business combination or the transaction which resulted in the stockholder becoming an interested stockholder is approved by the board of directors prior to the date the interested stockholder obtained such status;

•upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced excluding for purposes of determining the voting stock outstanding (but not the outstanding voting stock owned by the interested stockholder) those shares owned (a) by persons who are directors and also officers and (b) employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

•on or subsequent to such date the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders by the affirmative vote of at least 66 2/3% of the outstanding voting stock which is not owned by the interested stockholder.

A “business combination” is defined to include mergers, asset sales, and other transactions resulting in financial benefit to a stockholder. In general, an “interested stockholder” is a person who, together with affiliates and associates, owns (or within three years, did own) 15% or more of a corporation’s voting stock. The statute could prohibit or delay mergers or other takeover or change in control attempts with respect to our company and, accordingly, may discourage attempts to acquire us even though such a transaction may offer our stockholders the opportunity to sell their stock at a price above the prevailing market price.

Certain Provisions of the Certificate of Incorporation and Bylaws

Provisions in the Certificate of Incorporation and Bylaws may have the effect of delaying or preventing a change in control or changes in our management. The Certificate of Incorporation and Bylaws:

•provide that our board of directors is classified into three classes of directors;

•provide that stockholders may remove directors only for cause and only with the approval of holders of at least 66 2⁄3% of our then outstanding capital stock;

•provide that the authorized number of directors may be changed only by resolution of the board of directors;

•provide that all vacancies, including newly created directorships, may, except as otherwise required by law, be filled by the affirmative vote of a majority of directors then in office, even if less than a quorum;

•provide that our stockholders may not take action by written consent, and may only take action at annual or special meetings of our stockholders;

•provide that stockholders seeking to present proposals before a meeting of stockholders or to nominate candidates for election as directors at a meeting of stockholders must provide notice in writing in a timely manner, and also specify requirements as to the form and content of a stockholder’s notice;

•restrict the forum for certain litigation against us to Delaware;

•do not provide for cumulative voting rights (therefore allowing the holders of a majority of the shares of common stock entitled to vote in any election of directors to elect all of the directors standing for election);

•provide that special meetings of our stockholders may be called only by the chairman of the board of directors, our chief executive officer or the board of directors pursuant to a resolution adopted by a majority of the total number of authorized directors; and

•provide that stockholders will be permitted to amend the Bylaws and certain parts of the Certificate of Incorporation only upon receiving at least 66 2/3% of the votes entitled to be cast by holders of all outstanding shares then entitled to vote generally in the election of directors, voting together as a single class.  

Listing

Our common stock is listed on The Nasdaq Global Market under the symbol “FIVN.”

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company, LLC.

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