Form 4: 8x8 CEO Samuel C. Wilson Sells 2,000 Shares of Common Stock
SEC Filing Form 4
8x8 CEO Samuel C. Wilson sold 2,000 shares of common stock on May 15, 2024, at a weighted average price of $2.7592, according to a Form 4 filing with the SEC.
Summary
- On May 15, 2024, Samuel C. Wilson, the CEO of 8x8 Inc., sold 2,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $2.7592 per share.
- The prices for the transactions reported on this line range from $2.73 to $2.79.
- Following the transaction, Wilson directly owns 1,018,288 shares of 8x8 Inc.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider. It provides transparency to the market regarding the trading activities of key executives.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but the pre-arranged trading plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2023/03/14 | Rule 10b5-1 trading plan adopted by Samuel C. Wilson. |
| 2024/05/15 | Samuel C. Wilson sold 2,000 shares of 8x8 Inc. common stock. |
| 2024/05/17 | Date of signature on the Form 4 filing. |
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