8x8 CFO receives 351,750-share RSU grant
Kraus Kevin reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Kraus Kevin reported acquisition or exercise transactions in this Form 4 filing.
8x8 Inc.'s Chief Financial Officer, Kevin Kraus, received a large equity grant in the form of restricted stock units (RSUs). He was awarded 351,750 shares of common stock at no purchase price, increasing his direct holdings to 1,053,119 shares after the grant.
The award vests over time. One-third of the RSUs will vest on the first anniversary of the vesting commencement date of June 1, 2026. The remaining two-thirds will vest in eight equal quarterly installments of 8.3375% each, subject to his continued employment or association with the company. Each RSU represents the right to receive one share of EGHT common stock upon vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 351,750 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the grant of a restricted stock award. The RSUs shall vest with respect to one-third (33.3%) of the total number of underlying shares on the first anniversary of the Vesting Commencement Date of June 1, 2026, then eight and one-third percent (8.3375%) vesting each quarter thereafter, over a period of eight (8) quarters, subject to the participant's continued employment or other association with the Company. Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
Key Figures
Key Terms
restricted stock award financial
restricted stock unit financial
Vesting Commencement Date financial
continued employment financial
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