Denny Laurence 4

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.