8x8 (EGHT) CEO has 104,221 shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8, Inc. Chief Executive Officer Samuel C. Wilson reported a routine share withholding related to taxes. On this Form 4, 104,221 shares of common stock were withheld by the company at $1.89 per share to cover income tax obligations from vested restricted stock units, rather than sold in the market. After this tax-withholding disposition, Wilson directly holds 2,637,829 shares of 8x8 common stock.
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 | 104,221 | $1.89 | $197K |
Holdings After Transaction:
Common Stock — 2,637,829 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 104,221 shares
Withholding price per share: $1.89 per share
Shares held after transaction: 2,637,829 shares
+1 more
4 metrics
Shares withheld for taxes
104,221 shares
Withheld to satisfy income tax obligations on vested RSUs
Withholding price per share
$1.89 per share
Value used for tax-withholding disposition of common stock
Shares held after transaction
2,637,829 shares
CEO’s direct ownership of 8x8 common stock post-transaction
Tax-withholding transactions
1 transaction
Single F-code tax-withholding disposition reported in Form 4
Key Terms
restricted stock units, net settlement, income tax withholding, tax-withholding disposition, +1 more
5 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did 8x8 (EGHT) CEO Samuel C. Wilson report in this Form 4?
He reported a tax-related share withholding, not an open-market trade. 104,221 8x8 common shares were withheld by the company to satisfy income tax obligations from vested restricted stock units, leaving him with 2,637,829 shares directly held.
What does transaction code "F" mean in the 8x8 (EGHT) CEO’s Form 4?
Code "F" indicates shares were used to pay an exercise price or tax liability. Here, it reflects 104,221 8x8 shares withheld by the company to satisfy income tax obligations from vested restricted stock units, rather than a discretionary market sale.