Kraus Kevin 4
Research Summary
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8x8 (EGHT) CFO Kevin Kraus Sells 19,714 Shares to Cover Taxes
What Happened Kevin Kraus, Chief Financial Officer of 8x8, Inc. (EGHT), reported the disposition of 19,714 shares on 2026-03-15. The shares were sold at $2.09 each, totaling about $41,202. This was not a market-timed sale by the insider but an issuer-mandated sale to satisfy tax withholding related to the vesting and settlement of Restricted Stock Units (RSUs).
Key Details
- Transaction date and price: 2026-03-15, 19,714 shares at $2.09 per share (total ≈ $41,202).
- Transaction code: F — payment of exercise price or tax liability (reported as "Disposed").
- Footnote: Sale was issuer-mandated to cover tax withholding for RSU vesting; not a discretionary trade by the reporting person.
- Filing: Form 4 filed 2026-03-16 (covers report period 2026-03-15). No late filing indication in the provided data.
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
Context This is a routine "sell-to-cover" tied to RSU vesting — common when companies withhold shares to satisfy payroll taxes. Such transactions are administrative and do not necessarily signal the insider's view of the company’s stock.