8x8 (EGHT) CFO net-settles RSUs with share withholding for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8 Inc. Chief Financial Officer Kevin Kraus reported a tax-related share withholding. On the reported date, 42,612 shares of common stock were withheld by the company at $1.89 per share to satisfy income tax obligations tied to vested restricted stock units. This was not an open-market sale. After this withholding, Kraus directly holds 1,010,507 shares of 8x8 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kraus Kevin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 42,612 | $1.89 | $81K |
Holdings After Transaction:
Common Stock — 1,010,507 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 42,612 shares
Withholding price per share: $1.89 per share
Shares held after transaction: 1,010,507 shares
3 metrics
Shares withheld for taxes
42,612 shares
Common Stock withheld to satisfy income tax obligations
Withholding price per share
$1.89 per share
Value used for tax-withholding disposition
Shares held after transaction
1,010,507 shares
Direct holdings of Kevin Kraus following withholding
Key Terms
restricted stock units, income tax withholding, net settlement, 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.
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
net settlement financial
"in connection with the net settlement of the vested restricted stock units"
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) CFO Kevin Kraus report in this Form 4?
CFO Kevin Kraus reported a tax-related share withholding. 42,612 8x8 common shares were withheld by the company at $1.89 per share to cover income tax obligations from vested restricted stock units.
Was the 8x8 (EGHT) CFO Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. The 42,612 shares were withheld by 8x8 to satisfy income tax withholding and remittance obligations from vested restricted stock units, as explicitly stated in the footnote.