8x8 (EGHT) CEO Wilson has 40,068 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wilson Samuel C.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 40,068 | $1.77 | $71K |
Holdings After Transaction:
Common Stock — 2,597,761 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 40,068 shares
Withholding price: $1.77 per share
Post-transaction holdings: 2,597,761 shares
+1 more
4 metrics
Tax-withheld shares
40,068 shares
Shares withheld to cover RSU-related income taxes
Withholding price
$1.77 per share
Value used for the tax-withholding disposition
Post-transaction holdings
2,597,761 shares
Common Stock directly owned after withholding
Tax-withholding transactions
1 transaction, 40,068 shares
Aggregate tax-withholding activity in this Form 4
Key Terms
restricted stock units, net settlement, income tax withholding, tax-withholding disposition
4 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.
net settlement financial
"in connection with the net settlement of the vested restricted stock units"
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did 8x8 (EGHT) CEO Samuel C. Wilson report in this Form 4?
He reported 40,068 shares of Common Stock withheld to cover taxes on vested restricted stock units. The company retained these shares at $1.77 per share, and the filing specifies this does not represent an open-market sale by Wilson.