David Sipes - 15 Jun 2021 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Signature
/s/ Cheriese M. Dickman as Attorney in fact for David Sipes
Issuer symbol
EGHT
Transactions as of
15 Jun 2021
Net transactions value
-$99,124
Form type
4
Filing time
17 Jun 2021, 16:44:15 UTC
Previous filing
08 Jun 2021
Next filing
14 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Award $0 +103,734 +20% $0.000000 622,462 15 Jun 2021 Direct F1
transaction EGHT Common Stock Award $0 +7,757 +1.2% $0.000000 630,219 15 Jun 2021 Direct
transaction EGHT Common Stock Tax liability $99,124 -3,845 -0.61% $25.78 626,374 16 Jun 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of a restricted stock unit award. The RSUs shall vest with respect to one-third (33.3%) of the total number of underlying shares on the first anniversary of the Vesting Commencement Date of June 15, 2022, then eight and one-third percent (8.33%) vesting each quarter thereafter, over a period of eight quarters, subject to the participant's continued employment or other association with the Company. Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
F2 Represents shares of common stock automatically withheld to satisfy the reporting person's tax obligation in respect of the shares issued upon vesting of an equity award, as reported in the line above.