8x8 (NASDAQ: EGHT) CFO reports 17,854-share tax withholding, retains 992,653 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8 Inc. Chief Financial Officer Kevin Kraus reported a tax-related share withholding, not an open-market trade. On this Form 4, 17,854 shares of Common Stock were withheld by the company at $1.77 per share to cover income tax obligations from vested restricted stock units. After this non-market disposition, Kraus directly holds 992,653 shares of 8x8 Inc. 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 | 17,854 | $1.77 | $32K |
Holdings After Transaction:
Common Stock — 992,653 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 17,854 shares
Withholding price per share: $1.77 per share
Shares held after transaction: 992,653 shares
+1 more
4 metrics
Shares withheld for taxes
17,854 shares
Tax withholding from vested restricted stock units
Withholding price per share
$1.77 per share
Value used for tax-withholding disposition
Shares held after transaction
992,653 shares
Direct holdings after tax-withholding transaction
Transaction code
F
Payment of tax liability by delivering securities
Key Terms
restricted stock units, net settlement, income tax withholding, Form 4, +1 more
5 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"
Form 4 regulatory
"On this Form 4, 17,854 shares of Common Stock were withheld"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Financial Officer financial
"Kevin Kraus serves as Chief Financial Officer of 8x8 Inc."
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What insider transaction did 8x8 (EGHT) CFO Kevin Kraus report?
Kevin Kraus reported a tax-related share withholding, not a market trade. 17,854 common shares were withheld by 8x8 to satisfy income tax obligations from vested restricted stock units, as disclosed in the Form 4 footnote.
What does the F transaction code mean in the 8x8 (EGHT) Form 4?
Code F indicates shares were used to pay an exercise price or tax liability. Here, 17,854 shares were withheld by 8x8 to satisfy income tax withholding and remittance obligations tied to vested restricted stock units, rather than being sold in the market.