8x8 CEO has 26K shares withheld for taxes
8X8 INC’s CEO had shares withheld for RSU tax obligations, with over 2.5 million shares still held directly.
Rhea-AI Filing Summary
8X8 INC (EGHT) reported that Chief Executive Officer Samuel C. Wilson had 26,055 shares of common stock withheld on September 6, 2026 to satisfy income tax withholding and remittance obligations related to vested RSUs. This was not an open-market sale, and he held 2,571,706 shares directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 26,055 shares
Tax Withholding
1 txn
Insider
Wilson Samuel C.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 26,055 | $1.89 | $49K |
Holdings After Transaction:
Common Stock — 2,571,706 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares of Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Restricted Stock Units ("RSUs") and does not represent a sale by the reporting person.
Key Figures
Shares withheld for taxes: 26,055 shares
Per-share value for withholding: $1.89 per share
Shares held after transaction: 2,571,706 shares
3 metrics
Shares withheld for taxes
26,055 shares
Common stock withheld on September 6, 2026 to satisfy income tax withholding for RSU net settlement
Per-share value for withholding
$1.89 per share
Applied to the 26,055 shares withheld for income tax obligations
Shares held after transaction
2,571,706 shares
Direct holdings of CEO Samuel C. Wilson following the September 6, 2026 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 Restricted Stock Units ("RSUs")"
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 Restricted Stock Units ("RSUs")"
income tax withholding financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EGHT report for CEO Samuel C. Wilson?
EGHT reported that CEO Samuel C. Wilson had 26,055 shares of common stock withheld on September 6, 2026 to cover income tax withholding and remittance obligations from RSU net settlement, rather than selling shares in the open market.
Was the September 6, 2026 EGHT Form 4 a market sale by the CEO?
No. The filing states the 26,055 shares were withheld by the issuer to satisfy income tax withholding obligations upon RSU net settlement and "does not represent a sale" by CEO Samuel C. Wilson.
Was a Rule 10b5-1 trading plan involved in this EGHT Form 4?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for this tax-withholding transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.