8x8 (EGHT) CPO Hunter Middleton has 16,112 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chief Product Officer Hunter Middleton of 8x8, Inc. reported a routine tax-related share disposition. On the transaction date, 16,112 shares of common stock were withheld by the company at $1.77 per share to cover income tax obligations from vested restricted stock units. The filing specifies this was not an open-market sale by Middleton. After the withholding, he directly holds 893,690 shares of 8x8 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Middleton Hunter
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 16,112 | $1.77 | $29K |
Holdings After Transaction:
Common Stock — 893,690 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 16,112 shares
Tax withholding share price: $1.77 per share
Shares held after transaction: 893,690 shares
3 metrics
Shares withheld for taxes
16,112 shares
Withheld to satisfy income tax obligations on vested RSUs
Tax withholding share price
$1.77 per share
Value used for 16,112 withheld shares
Shares held after transaction
893,690 shares
Direct holdings following tax-withholding disposition
Key Terms
restricted stock units, income tax withholding, net settlement
3 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.
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
net settlement financial
"in connection with the net settlement of the vested restricted stock units"
FAQ
What did 8x8 (EGHT) Chief Product Officer Hunter Middleton report in this Form 4?
Hunter Middleton reported a tax-related share disposition, where 16,112 8x8 common shares were withheld by the company. These shares covered income tax obligations tied to vested restricted stock units and were not sold on the open market.
Was Hunter Middleton’s 8x8 (EGHT) Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. The filing states 16,112 shares were withheld by 8x8 to satisfy income tax withholding and remittance obligations related to vested restricted stock units, rather than being sold by Middleton.
Does Hunter Middleton’s 8x8 (EGHT) Form 4 indicate a change in his investment view?
The filing reflects a tax-withholding event, not a discretionary sale, so it does not directly indicate a change in investment view. Shares were withheld by 8x8 to cover income tax on vested restricted stock units, a common compensation-related mechanism.