Matthew Zinn - Oct 25, 2021 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Role
SVP-CLO, Secretary
Signature
Cheriese M. Dickman as Attorney-in-Fact for Matthew Zinn
Stock symbol
EGHT
Transactions as of
Oct 25, 2021
Transactions value $
-$122,871
Form type
4
Date filed
10/27/2021, 06:01 PM
Previous filing
Oct 19, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Options Exercise $0 +10.7K +14.28% $0.00 85.6K Oct 25, 2021 Direct
transaction EGHT Common Stock Sale -$123K -5.37K -6.27% $22.89 80.2K Oct 26, 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 Stock Units Options Exercise $0 -10.7K -62.33% $0.00 6.46K Oct 25, 2021 Common Stock 10.7K 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, as reported in the line above.
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. As previously reported on a Form 4, the reporting person was awarded 34,313 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 17,156 shares vested at less than target, such that 10,693 shares became issuable.