8x8 (EGHT) CAO Seandel reports 5,793-share tax withholding, holds 430,824
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8, Inc. Chief Accounting Officer Suzy M. Seandel reported a routine tax-related share disposition. On this Form 4, 5,793 shares of common stock were withheld by the company at a price of $1.77 per share to cover income tax obligations tied to vested restricted stock units. The footnote specifies this withholding does not represent an open-market sale by Seandel. Following the transaction, she directly holds 430,824 shares of 8x8 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seandel Suzy M
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,793 | $1.77 | $10K |
Holdings After Transaction:
Common Stock — 430,824 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,793 shares
Withholding price per share: $1.77 per share
Shares held after transaction: 430,824 shares
3 metrics
Shares withheld for taxes
5,793 shares
Common stock withheld for income tax on vested RSUs
Withholding price per share
$1.77 per share
Value used for tax-withholding share count
Shares held after transaction
430,824 shares
Direct common stock ownership after tax withholding
Key Terms
restricted stock units, net settlement, income tax withholding
3 terms
restricted stock units financial
"in connection with the net settlement of the vested restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement financial
"in connection with the net settlement of the vested restricted stock units"
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
FAQ
What did 8x8 (EGHT) disclose in Suzy Seandel’s latest Form 4?
8x8 reported that Chief Accounting Officer Suzy Seandel had 5,793 shares withheld to cover income tax on vested restricted stock units. This is a routine tax-settlement event rather than an open-market trade, and she continues to hold 430,824 common shares.
Was Suzy Seandel buying or selling 8x8 (EGHT) stock in this filing?
The filing shows no open-market buy or sell. Instead, 5,793 shares were withheld by 8x8 to satisfy income tax obligations on vested restricted stock units, a standard compensation-related process, while Seandel’s remaining direct holdings total 430,824 common shares.
What are Suzy Seandel’s 8x8 (EGHT) holdings after the reported transaction?
After the tax-withholding transaction, Suzy Seandel directly owns 430,824 shares of 8x8 common stock. The 5,793 shares reported on the Form 4 were withheld by the company for income tax remittance related to vested restricted stock units.
What does the footnote in Suzy Seandel’s 8x8 (EGHT) Form 4 explain?
The footnote explains that 5,793 shares were withheld by 8x8 to satisfy income tax withholding and remittance obligations tied to net-settled restricted stock units. It clarifies that this withholding does not represent a sale of shares by Suzy Seandel personally.