Research Summary
AI-generated summary of this SEC filing
8x8 (EGHT) Director Monique Bonner Sells 66,502 Shares
What Happened
Monique Bonner, a director of 8x8, Inc. (EGHT), had 66,502 restricted stock units (RSUs) that vested and were settled in cash on July 25, 2026. The filing shows a disposition to the issuer of 66,502 shares at $1.74 per share for total proceeds of $115,713. The Form 4 also records exercise/conversion entries for 66,502 derivative units at $0.00, reflecting the conversion/settlement process rather than an out‑of‑pocket stock purchase.
Key Details
- Transaction date: July 25, 2026 (reported on Form 4 filed July 27, 2026).
- Disposal: 66,502 shares at $1.74 each, total $115,713.
- Conversion/Exercise entries: 66,502 derivative units listed at $0.00 (indicates conversion/settlement, not a paid stock purchase).
- Footnote: Award represents RSUs granted July 25, 2025; the entire award vested and was settled in cash on July 25, 2026.
- Shares owned after transaction: not specified in the provided filing details.
- Filing timeliness: filed July 27 for a July 25 transaction — appears timely (Form 4 is typically due within two business days).
Context
This was a cash settlement of vested RSUs (the award converted to cash equal to the share value), not an open‑market sale of previously held shares or a purchase. Cash settlement means the director received cash proceeds rather than receiving or retaining company stock. Such settlements are routine compensation events and do not by themselves indicate the insider’s view on the company’s stock.