Wilson Samuel C. 4
Research Summary
AI-generated summary
8x8 CEO Samuel Wilson Sells 41,818 Shares
What Happened
Samuel C. Wilson, CEO of 8x8, Inc. (EGHT), had 41,818 shares disposed of on March 15, 2026 at $2.09 per share, generating proceeds of approximately $87,400. The sale was an issuer-mandated disposition to cover tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs), not a discretionary open-market sale.
Key Details
- Transaction date: 2026-03-15; Filing date: 2026-03-16 (timely filing).
- Shares sold/disposed: 41,818 at $2.09 each; total ≈ $87,400.
- Transaction code: F — tax withholding (issuer-mandated sale to cover taxes on RSU vesting).
- Footnote F1: Sale was mandatory to cover tax withholding and was not a discretionary trade.
- Footnote F2: Filing notes inclusion of 10,000 shares purchased via the company ESPP on 2026-02-09.
- Shares owned after transaction: not specified in the provided filing.
Context
Tax-withholding sales tied to RSU vesting are common and generally routine; they do not necessarily indicate the insider’s view on the company’s prospects. For retail investors, purchases or voluntary sales by insiders typically carry more signal than mandatory withholding transactions.