8x8 (EGHT) CAO uses 25,567 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8, Inc. Chief Accounting Officer Suzy M. Seandel reported a tax-related share disposition on Common Stock. On June 6, 2026, 25,567 shares were withheld by the company at $1.89 per share to cover income tax obligations from vested restricted stock units.
The footnote clarifies this was not an open-market sale by Seandel but a net settlement mechanism. After this withholding, she directly holds 436,617 shares of 8x8 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seandel Suzy M
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 25,567 | $1.89 | $48K |
Holdings After Transaction:
Common Stock — 436,617 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 25,567 shares
Withholding price: $1.89 per share
Post-transaction holdings: 436,617 shares
+1 more
4 metrics
Tax-withheld shares
25,567 shares
Common Stock withheld for income tax on vested RSUs, June 6, 2026
Withholding price
$1.89 per share
Value per share used for the 25,567-share tax withholding
Post-transaction holdings
436,617 shares
Common shares directly held by Suzy M. Seandel after transaction
Tax-withholding transactions
1 transaction, 25,567 shares
Summary of tax-withholding dispositions in this Form 4
Key Terms
restricted stock units, net settlement, income tax withholding, Form 4, +1 more
5 terms
restricted stock units financial
"in connection with the net settlement of the vested restricted stock units and does not represent a sale"
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 and does not represent a sale"
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
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.
Chief Accounting Officer financial
"officer_title": "Chief Accounting Officer""
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What insider transaction did 8x8 (EGHT) report for Suzy M. Seandel?
8x8 reported that Chief Accounting Officer Suzy M. Seandel had 25,567 common shares withheld on June 6, 2026. The company used these shares to satisfy income tax obligations from vested restricted stock units, rather than executing an open-market sale.
What transaction code was used in the 8x8 (EGHT) Form 4 filing?
The Form 4 uses transaction code F, which indicates payment of an exercise price or tax liability by delivering securities. In this case, 25,567 shares were withheld by 8x8 to satisfy income tax obligations from vesting restricted stock units.