8x8 (EGHT) CLO Denny Laurence Withheld 6,350 Shares for Taxes
$EGHT · 8X8 INC /DE/Research Summary
AI-generated summary of this SEC filing
8x8 (EGHT) CLO Denny Laurence Withheld 6,350 Shares for Taxes
What Happened
Denny Laurence, Chief Legal Officer of 8x8, had 6,350 shares of common stock withheld on September 6, 2026 to satisfy tax withholding related to Restricted Stock Units (RSUs). The withholding was executed at an implied price of $1.89 per share, totaling $12,002. This action is a tax-withholding/net-settlement of RSUs and is not an open-market sale by the reporting person.
Key Details
- Transaction date: 2026-09-06; Filing date: 2026-09-09. Filing timeliness is not flagged in the filing.
- Transaction type/code: F — shares withheld to satisfy tax obligations (net settlement of RSUs).
- Shares withheld: 6,350 at $1.89 each; total value $12,002.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1 clarifies the withheld shares were retained by the issuer to meet income tax withholding and remittance obligations and do not represent a sale by the reporting person.
- F2 notes the filing includes 9,433 shares purchased on Aug 9, 2026 under the company’s Employee Stock Purchase Plan (ESPP).
Context
Tax withholding on RSU vesting is a routine administrative transaction (often called a cashless or net-settlement) and does not necessarily indicate the insider is selling stock in the open market or expressing a view on the company. Purchases or open-market sales by insiders tend to be more informative about sentiment than tax-withholding events.