EGHT Form 4: Director Awarded 66,502 Restricted Stock Units
Rhea-AI Filing Summary
Jaswinder Pal Singh, a director of 8x8, Inc. (EGHT), received an award of 66,502 restricted stock units on 07/25/2025 that will convert into common shares at a $0 purchase price. After the award, Mr. Singh beneficially owns 239,393 shares directly and 95,477 shares indirectly through the Singh 2021 Annuity Trust. The RSUs vest and settle into shares on the earlier of July 25, 2026 or the next annual meeting of stockholders, in each case contingent on his continued service. The Form 4 was signed by an attorney-in-fact on 09/09/2025.
Positive
- Director received 66,502 RSUs, increasing direct beneficial ownership and aligning his interests with shareholders
- RSUs vest within about one year (earlier of July 25, 2026 or next annual meeting), supporting short-term retention
- Clear disclosure of indirect ownership (95,477 shares via the Singh 2021 Annuity Trust) improves transparency
Negative
- None.
Insights
Director award increases insider ownership; impact on valuation is likely limited absent material size or disclosure of total outstanding shares.
The reported grant of 66,502 restricted stock units increases the director's direct stake and ties compensation to share performance until vesting, aligning interests with shareholders. The award vests within approximately one year, subject to service, which suggests short-term retention goals. The filing does not disclose grant value, percentage ownership change relative to outstanding shares, or any sale activity, limiting assessment of market impact.
Standard RSU grant to a director with service-based vesting; governance implication is alignment rather than compensation risk.
Issuing RSUs to a director is a common governance practice to align incentives. The award’s cliff vesting on a date tied to the next annual meeting or July 25, 2026, subject to continued service, reflects retention and alignment objectives. The Form 4 provides no indication of special related-party terms or immediate liquidity events.