Matthew Zinn - 29 Jun 2021 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Signature
Cheriese M. Dickman as Attorney-in-Fact for Matthew Zinn
Issuer symbol
EGHT
Transactions as of
29 Jun 2021
Net transactions value
-$143,109
Form type
4
Filing time
01 Jul 2021, 16:10:46 UTC
Previous filing
21 Jun 2021
Next filing
16 Jul 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Award $0 +14,690 +23% $0.000000 77,838 29 Jun 2021 Direct F1
transaction EGHT Common Stock Sale $143,109 -5,153 -6.6% $27.77 72,685 30 Jun 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was awarded 39,800 performance share units (PSUs) on June 29, 2020, of which 33% were eligible to vest on each of the first, second and third anniversaries of the award date. On June 29, 2021, the first installment of 13,267 PSUs vested at 110.73% of target, such that 14,690 shares became issuable. Of these shares, 9,537 were issued to the reporting person and the remaining 5,153 were sold to pay the associated tax liability.
F2 Represents shares of common stock automatically sold to satisfy the reporting person's tax obligation in respect of the shares issued upon vesting of a performance equity award.