8x8 (EGHT) CEO disposes shares to cover tax from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8 Inc. Chief Executive Officer Samuel C. Wilson reported a mandated share disposition to cover taxes. On the transaction date, 41,818 shares of common stock were sold at $2.09 per share to satisfy tax withholding obligations tied to vesting and settlement of restricted stock units. This was described as an issuer-mandated, non-discretionary transaction. Following this tax-withholding sale, Wilson directly holds 1,801,256 shares of 8x8 common stock, which includes 10,000 shares purchased on February 9, 2026 under the company’s Employee Stock Purchase Plan.
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 | 41,818 | $2.09 | $87K |
Holdings After Transaction:
Common Stock — 1,801,256 shares (Direct)
Footnotes (1)
- The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person. Includes 10,000 shares purchased on February 9, 2026 pursuant to the company's Employee Stock Purchase Plan (ESPP).
FAQ
What did 8x8 (EGHT) CEO Samuel C. Wilson report in this Form 4?
Samuel C. Wilson reported a share disposition that covered tax withholding obligations from restricted stock units vesting. The transaction involved company common stock and was characterized as issuer-mandated, meaning it was not a discretionary open-market trade by the Chief Executive Officer.
What role did restricted stock units play in this 8x8 (EGHT) Form 4 filing?
The disposal was triggered by the vesting and settlement of restricted stock units. To satisfy resulting tax withholding obligations, an issuer-mandated sale of 41,818 common shares occurred. This mechanism allows taxes to be paid using shares instead of separate cash payments by the executive.
Does the Form 4 mention 8x8 (EGHT) Employee Stock Purchase Plan activity for the CEO?
Yes. A footnote explains that the CEO’s post-transaction holdings include 10,000 shares purchased on February 9, 2026 through the company’s Employee Stock Purchase Plan. This ESPP-related purchase is part of his overall direct common stock position shown after the tax-withholding sale.