Sipes David 4
4 · 8X8 INC /DE/ · Filed Jun 17, 2022
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
Sipes David
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2022-06-15+38,250→ 570,968 total - Sale
Common Stock
2022-06-16$5.27/sh−18,726$98,757→ 552,242 total - Sale
Common Stock
2022-06-16$5.27/sh−20,714$109,241→ 531,528 total
Footnotes (3)
- [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.