8x8 CFO disposes shares for tax withholding
8x8 Inc. Chief Financial Officer Kevin Kraus reported a mandated share disposition to cover taxes.
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Rhea-AI Filing Summary
8x8 Inc. Chief Financial Officer Kevin Kraus reported a mandated share disposition to cover taxes. On this Form 4, 19,714 shares of common stock were surrendered at $2.09 per share to satisfy tax withholding tied to the vesting of restricted stock units.
The filing states this was an issuer-mandated, non-discretionary transaction rather than an open-market sale. After this tax-withholding event, Kraus directly holds 642,529 shares of 8x8 common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 19,714 | $2.09 | $41K |
Footnotes (1)
- F1. The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person.
FAQ
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What did 8x8 (EGHT) CFO Kevin Kraus report in this Form 4?
Was the 8x8 (EGHT) CFO’s Form 4 transaction a discretionary sale?
What type of security is involved in the 8x8 (EGHT) CFO’s Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.