Seandel Suzy M 4
Research Summary
AI-generated summary
8x8 (EGHT) Chief Accounting Officer Suzy Seandel Sells 6,396 Shares
What Happened
Suzy M. Seandel, Chief Accounting Officer of 8x8 (EGHT), recorded a disposition of 6,396 shares on March 15, 2026. The shares were disposed at $2.09 each, for proceeds of $13,368. This sale was an issuer‑mandated transaction to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs) and was not a discretionary open‑market sale.
Key Details
- Transaction date: 2026-03-15; Price: $2.09 per share; Shares disposed: 6,396; Proceeds: $13,368.
- Transaction code: F — tax withholding/payment of exercise price or tax liability (issuer‑mandated sale).
- Footnote F1: Sale was mandated by the issuer to cover tax withholding on RSU settlement and was not a discretionary trade by the reporting person.
- Footnote F2: Filing notes inclusion of 10,000 shares purchased on Feb 9, 2026 under the company's Employee Stock Purchase Plan (ESPP).
- Shares owned after the transaction: not specified in the provided filing.
- Filing timeliness: Report filed 2026-03-16 for a 2026-03-15 transaction (timely).
Context
This was a routine, non‑discretionary sale to cover tax obligations tied to RSU vesting rather than an insider signaling a view on the stock. For retail investors, mandated withholding sales are common after equity awards vest and typically carry less informational weight than voluntary buys or sales.