Samuel C. Wilson - Jun 29, 2021 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Signature
Cheriese Dickman as Attorney in Fact for Samuel C Wilson
Stock symbol
EGHT
Transactions as of
Jun 29, 2021
Transactions value $
-$469,263
Form type
4
Date filed
7/1/2021, 04:11 PM
Previous filing
Jun 21, 2021
Next filing
Jul 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Award $0 +33.6K +16.13% $0.00 242K Jun 29, 2021 Direct F1
transaction EGHT Common Stock Sale -$469K -16.9K -6.99% $27.77 225K Jun 30, 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 91,029 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 30,343 PSUs vested at 110.73% of target, such that 33,598 shares became issuable. Of these shares, 16,701 were issued to the reporting person and the remaining 16,897 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.