Samuel C. Wilson - 15 Jun 2022 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Role
Chief Financial Officer
Signature
Cheriese Dickman as Attorney in Fact for Samuel C Wilson
Issuer symbol
EGHT
Transactions as of
15 Jun 2022
Net transactions value
-$125,158
Form type
4
Filing time
17 Jun 2022, 16:40:30 UTC
Previous filing
17 May 2022
Next filing
22 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Award $0 +19,890 +9% $0.000000 240,536 15 Jun 2022 Direct F1
transaction EGHT Common Stock Sale $56,809 -10,772 -4.5% $5.27 229,764 16 Jun 2022 Direct F2
transaction EGHT Common Stock Sale $68,348 -12,960 -5.6% $5.27 216,804 16 Jun 2022 Direct F3
* 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 53,941 performance share units (PSUs) on June 15, 2021, of which 33% were eligible to vest on each of the first, second and third anniversaries of the award date. On June 15, 2022, the first installment of 17,981 PSUs vested at 110.62% of target, such that 19,890 shares became issuable. Of these shares, 9,118 were issued to the reporting person and the remaining 10,772 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.
F3 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 previously reported.