Pagliuca John 4

What Happened
John Pagliuca, a director of 8x8, reported the exercise/conversion of 66,502 derivative units on July 25, 2026 and a disposition of those 66,502 shares to the issuer on July 27, 2026 at $1.74 per share, generating $115,713. The filing’s footnote states these units were restricted stock units (awarded July 25, 2025) that vested and were settled in cash on July 25, 2026 — the reporting shows the derivative conversion and subsequent disposition/settlement.

Key Details

• Transactions:
  • 2026-07-25: Exercise/conversion of derivative (code M) — 66,502 shares @ $0.00 (reported as acquired via conversion)
  • 2026-07-27: Disposition to issuer (code D) — 66,502 shares @ $1.74 = $115,713
• Footnote: Award of RSUs granted 7/25/2025; entire award vested and was settled in cash on 7/25/2026.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing date: 2026-07-27 for transactions on 2026-07-25 — appears to be filed within the normal 2-business-day window.
• Codes explained: M = exercise/conversion of a derivative; D = disposition to the issuer (cash settlement/return of shares).

Context
This appears to be a routine cash settlement of vested RSUs rather than an open-market sale driven by a separate share-sale decision. The sequence (conversion/derivative event followed by disposition to the issuer) indicates the award converted and was settled/paid out in cash, rather than Pagliuca retaining newly issued shares. This type of filing is common for compensation-related vesting and does not necessarily signal an independent trading decision.