8x8 (NASDAQ: EGHT) CFO disposes shares to satisfy tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kraus Kevin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 19,714 | $2.09 | $41K |
Holdings After Transaction:
Common Stock — 642,529 shares (Direct)
Footnotes (1)
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FAQ
What did 8x8 (EGHT) CFO Kevin Kraus report in this Form 4?
CFO Kevin Kraus reported a mandated share disposition to cover tax withholding. He surrendered 19,714 shares of 8x8 common stock at $2.09 per share related to restricted stock unit vesting, rather than executing a discretionary open-market sale.
Was the 8x8 (EGHT) CFO’s Form 4 transaction a discretionary sale?
The transaction was not a discretionary sale by the CFO. The filing notes it was an issuer-mandated sale solely to cover tax withholding obligations connected to restricted stock unit vesting, distinguishing it from a voluntary open-market share sale.
What type of security is involved in the 8x8 (EGHT) CFO’s Form 4 filing?
The filing involves 8x8 common stock. The CFO’s reported transaction covered tax withholding obligations related to the vesting and settlement of restricted stock units, which are equity awards that convert into common shares upon vesting.