8x8 CEO reports 40,068-share tax withholding
8x8, Inc. Chief Executive Officer Samuel C. Wilson reported a tax-related share disposition involving 40,068 shares of Common Stock.
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Rhea-AI Filing Summary
8x8, Inc. Chief Executive Officer Samuel C. Wilson reported a tax-related share disposition involving 40,068 shares of Common Stock. The shares were withheld by the company at a price of $1.77 per share to cover income tax obligations tied to vested restricted stock units.
According to the filing footnote, this withholding "does not represent a sale" by Wilson, but a net settlement mechanism for taxes. After the transaction, he directly holds 2,597,761 shares of 8x8 Common Stock, indicating he retains a substantial equity position in the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 40,068 | $1.77 | $71K |
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 vested restricted stock units and does not represent a sale by the Reporting Person.
Key Figures
Key Terms
restricted stock units financial
net settlement financial
income tax withholding financial
tax-withholding disposition financial
FAQ
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What did 8x8 (EGHT) CEO Samuel C. Wilson report in this Form 4?
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