Denny Laurence 4
4 · 8X8 INC /DE/ · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
8x8 (EGHT) CLO Denny Laurence Receives PSU Award
What Happened
- Denny Laurence, Chief Legal Officer of 8x8, received vested performance share units (PSUs) that resulted in 73,371 shares becoming issuable on May 27, 2026. The awards are recorded at $0 acquisition cost.
- Of those shares, 41,273 were issued to Laurence and 32,098 were withheld by the company to satisfy tax withholding obligations. The withheld shares were valued at $2.12 each, totaling $68,048. These withholdings are not sales by the insider.
Key Details
- Transaction date: May 27, 2026. Filing date (Form 4): May 29, 2026 (timely).
- Awards/issuances: 41,625 and 31,746 shares recorded as acquisitions (A) at $0.00.
- Withholdings: 18,210 and 13,888 shares recorded as dispositions for tax withholding (F) at $2.12 per share; total withheld 32,098 shares for ~$68,048.
- Net shares issued to insider: 41,273.
- Footnotes: The vested shares come from two PSU grants — 112,500 PSUs awarded Sept 15, 2024 (second installment vested at 111% = 41,625 issuable) and 85,800 PSUs awarded June 6, 2025 (first installment vested at 111% = 31,746 issuable). Withheld shares reflect company tax remittance, not open-market sales.
- Shares owned after transaction: Not specified in the provided filing details.
Context
- These were performance-based awards that vested (at 111% of target for both installments) and were partially net-settled to cover tax liabilities — a common practice that does not indicate an active sale by the insider.
- For retail investors: awards/withholdings are routine compensation events; purchases or open-market sales by insiders tend to be more informative about sentiment than tax-withholding net settlements.
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
Denny Laurence
Chief Legal Officer
Transactions
- Award
Common Stock
[F1]2026-05-27+41,625→ 409,634 total - Tax Payment
Common Stock
[F2]2026-05-27$2.12/sh−18,210$38,605→ 391,424 total - Award
Common Stock
[F3]2026-05-27+31,746→ 423,170 total - Tax Payment
Common Stock
[F2]2026-05-27$2.12/sh−13,888$29,443→ 409,282 total
Footnotes (3)
- [F1]The reporting person was awarded 112,500 performance share units (PSUs) on September 15, 2024, which were eligible to vest in three equal installments based on achievement of each associated performance goal. On May 27, 2026, the second installment of 37,500 PSUs vested at 111% of target, such that 41,625 shares became issuable. Of these shares, 23,415 were issued to the reporting person and the remaining 18,210 were withheld to pay the associated tax liability.
- [F2]Represents the number of shares of Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the vested PSUs and does not represent a sale by the reporting person.
- [F3]The reporting person was awarded 85,800 performance share units (PSUs) on June 6, 2025, which were eligible to vest in three equal installments based on achievement of each associated performance goal. On May 27, 2026, the first installment of 28,600 PSUs vested at 111% of target, such that 31,746 shares became issuable. Of these shares, 17,858 were issued to the reporting person and the remaining 13,888 were withheld to pay the associated tax liability.
Signature
/s/ Cheriese Dickman Attorney-in-Fact for Laurence Denny|2026-05-29