Samuel C. Wilson - 26 Oct 2021 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Signature
Cheriese Dickman as Attorney in Fact for Samuel C Wilson
Issuer symbol
EGHT
Transactions as of
26 Oct 2021
Net transactions value
-$79,000
Form type
4
Filing time
27 Oct 2021, 18:00:55 UTC
Previous filing
26 Oct 2021
Next filing
17 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Award $0 +6,874 +3.2% $0.000000 221,043 26 Oct 2021 Direct F1
transaction EGHT Common Stock Sale $79,000 -3,452 -1.6% $22.89 217,591 26 Oct 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs vest (1) 50% on October 23, 2020 and (2) 50% on October 23, 2021, in each case subject to performance of 8x8's common stock relative to the Russell 2000 Index during the period from grant date through such vesting date. The reporting person was awarded 22,058 performance share units (PSUs) on October 23, 2018, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. The second installment of 11,029 shares vested at less than target, such that 6,874 shares became issuable.
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 award.