Matthew Zinn - Jun 15, 2022 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
Jun 15, 2022
Transactions value $
-$31,437
Form type
4
Date filed
6/17/2022, 04:41 PM
Previous filing
May 19, 2022
Next filing
Jun 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGHT Common Stock Award $0 +6.69K +8.51% $0.00 85.4K Jun 15, 2022 Direct F1
transaction EGHT Common Stock Award $0 +3.03K +3.55% $0.00 88.4K Jun 15, 2022 Direct F2
transaction EGHT Common Stock Sale -$19.4K -3.68K -4.16% $5.27 84.7K Jun 16, 2022 Direct F3
transaction EGHT Common Stock Sale -$12.1K -2.29K -2.7% $5.27 82.4K Jun 16, 2022 Direct F4
* 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 18,153 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 6,051 PSUs vested at 110.62% of target, such that 6,693 shares became issuable. Of these shares, 4,164 were issued to the reporting person and the remaining 2,529 were sold to pay the associated tax liability.
F2 The reporting person was awarded 8,227 performance share units (PSUs) on September 15, 2021, of which 33% were eligible to vest on June 15, 2022 and each of the first and second anniversaries of the first vest date. On June 15, 2022, the first installment of 2,742 PSUs vested at 110.62% of target, such that 3,033 shares became issuable. Of these shares, 1,887 were issued to the reporting person and the remaining 1,146 were sold to pay the associated tax liability.
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 the performance equity awards, as reported above.
F4 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.