Dejan Deklich - 25 Oct 2021 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Role
Chief Products Officer
Signature
Cheriese M. Dickman as Attorney-in-Fact for Dejan Deklich
Issuer symbol
EGHT
Transactions as of
25 Oct 2021
Net transactions value
-$157,977
Form type
4
Filing time
27 Oct 2021, 18:01:17 UTC
Previous filing
19 Oct 2021
Next filing
17 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Options Exercise $0 +13,748 +9% $0.000000 165,906 25 Oct 2021 Direct
transaction EGHT Common Stock Sale $157,977 -6,903 -4.2% $22.89 159,003 26 Oct 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EGHT Performance Restricted Units Options Exercise $0 -13,748 -62% $0.000000 8,310 25 Oct 2021 Common Stock 13,748 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock automatically sold to satisfy the reporting person's tax obligation in respect of the shares issued upon vesting of an equity award.
F2 Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
F3 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 44,117 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 22,058 shares vested at less than target, such that 13,748 shares became issuable.