8x8 (NASDAQ: EGHT) CPO logs RSU tax withholding, retains over 900K shares
Rhea-AI Filing Summary
8x8, Inc. Chief Product Officer Hunter Middleton reported a tax-related share withholding, not an open-market trade. On this Form 4, 40,907 shares of Common Stock were withheld by the company at a price of $1.89 per share to cover income tax obligations tied to vested restricted stock units. After this withholding, Middleton directly holds 909,802 shares of 8x8 common stock. The filing reflects a routine compensation and tax-settlement event rather than a discretionary purchase or sale in the market.
Positive
- None.
Negative
- None.
Insights
Routine RSU tax withholding; no open-market trading signal.
The Form 4 shows 8x8’s Chief Product Officer settling taxes on vested restricted stock units through share withholding. The company withheld 40,907 shares at $1.89 per share to satisfy income tax obligations, as confirmed by the footnote.
This event does not represent a sale initiated by the insider and therefore carries limited informational value about sentiment. Middleton still directly holds 909,802 shares after the transaction, indicating the disposition is small relative to his total reported equity position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 40,907 | $1.89 | $77K |
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
Form 4 regulatory
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