Form 4: 8x8 Inc. Chief Accounting Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Suzy M Seandel, Chief Accounting Officer of 8x8 Inc., sold shares of common stock to satisfy tax obligations related to the vesting of an equity award.
Summary
- Suzy M Seandel, the Chief Accounting Officer of 8x8 Inc., reported a transaction involving the sale of company stock.
- On April 16, 2024, Seandel sold 7,256 shares of common stock at a price of $2.2652 per share.
- The sale was executed to cover the reporting person's tax obligations related to the vesting of an equity award.
- Following the transaction, Seandel beneficially owns 275,172 shares of 8x8 Inc. common stock, which includes 7,082 shares purchased on February 9, 2024, through the company's Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to equity compensation and tax obligations, which is common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| February 9, 2024 | Seandel purchased 7,082 shares through the company's Employee Stock Purchase Plan (ESPP). |
| April 16, 2024 | Seandel sold 7,256 shares of common stock at $2.2652 per share to cover tax obligations. |
| April 17, 2024 | Date of signature for the Form 4 filing. |
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