David Sipes - 15 Jun 2022 Form 4 Insider Report for 8X8 INC /DE/ (EGHT)

Role
Chief Executive Officer
Signature
/s/ Cheriese M. Dickman as Attorney in fact for David Sipes
Issuer symbol
EGHT
Transactions as of
15 Jun 2022
Net transactions value
-$207,999
Form type
4
Filing time
17 Jun 2022, 16:41:12 UTC
Previous filing
14 Jun 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 +38,250 +7.2% $0.000000 570,968 15 Jun 2022 Direct F1
transaction EGHT Common Stock Sale $98,757 -18,726 -3.3% $5.27 552,242 16 Jun 2022 Direct F2
transaction EGHT Common Stock Sale $109,241 -20,714 -3.8% $5.27 531,528 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 103,734 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 34,578 PSUs vested at 110.62% of target, such that 38,250 shares became issuable. Of these shares, 17,536 were issued to the reporting person and the remaining 20,714 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 an equity award, as previously reported.
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 a performance equity award.