8x8 CFO has 10,652 shares withheld for taxes
8x8’s CFO had shares withheld to cover RSU tax obligations, not sold in the market.
Rhea-AI Filing Summary
8X8 INC (EGHT) reported that Chief Financial Officer Kevin Kraus had 10,652 shares of common stock withheld on September 6, 2026, at an indicated value of $1.89 per share. The shares were withheld by the company to satisfy income tax obligations from net-settled RSUs and did not involve an open-market sale. Following this withholding, Kraus directly held 947,672 shares of 8x8 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 10,652 shares
Tax Withholding
1 txn
Insider
Kraus Kevin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 10,652 | $1.89 | $20K |
Holdings After Transaction:
Common Stock — 947,672 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 tax: 10,652 shares
Per-share value used: $1.89 per share
Shares held after transaction: 947,672 shares
3 metrics
Shares withheld for tax
10,652 shares
Common stock withheld on September 6, 2026 to satisfy RSU-related tax obligations
Per-share value used
$1.89 per share
Value applied to the 10,652 common shares withheld for tax on September 6, 2026
Shares held after transaction
947,672 shares
Direct holdings of 8x8 common stock by CFO Kevin Kraus following the withholding transaction
Key Terms
Restricted Stock Units ("RSUs"), net settlement, income tax withholding, remittance obligations
4 terms
Restricted Stock Units ("RSUs") financial
"in connection with the net settlement of the Restricted Stock Units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
net settlement financial
"in connection with the net settlement of the Restricted Stock Units ("RSUs")"
income tax withholding financial
"to satisfy its income tax withholding and remittance obligations"
remittance obligations financial
"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’s CFO report on this Form 4?
Chief Financial Officer Kevin Kraus reported a withholding of 10,652 shares of 8x8 common stock on September 6, 2026. The shares were withheld by the company to cover income tax obligations related to net-settled RSUs, and this did not represent a market sale.
Was the EGHT CFO’s Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 indicator is false, and there is no footnote indicating that the September 6, 2026 RSU-related withholding was executed pursuant to a Rule 10b5-1 trading plan or other pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.