8x8 (EGHT) CFO awarded 351,750 restricted stock units in new equity grant
Filing Impact
Filing Sentiment
Form Type
4
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.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 351,750 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,053,119 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 351,750 shares
Grant price: $0.00 per share
Holdings after grant: 1,053,119 shares
+2 more
5 metrics
RSU grant size
351,750 shares
Restricted stock units granted to CFO on June 1, 2026 vesting schedule
Grant price
$0.00 per share
Stated transaction price for RSU award
Holdings after grant
1,053,119 shares
Total direct shares held by CFO following the transaction
Initial vesting portion
33.3% of RSUs
Vests on first anniversary of vesting commencement date June 1, 2026
Quarterly vesting portion
8.3375% per quarter
Vests over eight quarters after first anniversary, subject to continued employment
Key Terms
restricted stock award, restricted stock unit, Vesting Commencement Date, continued employment
4 terms
restricted stock award financial
"Represents the grant of a restricted stock award."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Vesting Commencement Date financial
"on the first anniversary of the Vesting Commencement Date of June 1, 2026"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
continued employment financial
"over a period of eight (8) quarters, subject to the participant's continued employment"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.