Form 4: 8x8 Inc. Director Monique Bonner Sells 17,500 Shares
SEC Form 4 Filing
Director Monique Bonner sold 17,500 shares of 8x8 Inc. common stock at an average price of $3.2461 on July 29, 2024, according to a Form 4 filing.
Summary
- On July 29, 2024, Monique Bonner, a director of 8x8 Inc., sold 17,500 shares of common stock.
- The sale was executed at a weighted average price of $3.2461 per share.
- The prices for the transactions ranged from $3.19 to $3.32.
- Following the transaction, Bonner directly owns 94,387 shares of 8x8 Inc.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It's common for executives and directors to have pre-arranged trading plans to sell shares over time.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small volume and the pre-planned nature of the sale.
Key Dates
| Date | Description |
|---|---|
| December 15, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| July 29, 2024 | Date of stock sale transaction |
| July 30, 2024 | Date of Form 4 filing |
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