8x8 (EGHT) CLO Denny Laurence Withholds 4,101 Shares for Taxes

What Happened

• Denny Laurence, Chief Legal Officer of 8x8, had 4,101 shares of Common Stock withheld by the company to satisfy income tax withholding in connection with a net settlement of Restricted Stock Units (RSUs). The withholding was recorded at $1.83 per share, totaling about $7,505.
• This transaction is a tax-withholding/net settlement (code F), not an open-market sale by the reporting person.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-16 (timely).
• Price per share: $1.83; Shares withheld: 4,101; Reported value: ~$7,505.
• Shares owned after transaction: not disclosed on the Form 4.
• Footnote: The shares were withheld by the issuer to satisfy income tax withholding on RSUs and do not represent a sale by Mr. Laurence.
• Transaction type/code: F (tax withholding/net settlement of RSUs).

Context

• Net settlement withholding is a routine administrative step when RSUs vest: the company retains a portion of shares to cover required taxes rather than the insider selling shares on the open market.
• Such withholdings generally do not signal an insider’s view on the company’s stock price; they are a tax compliance action, not a discretionary sale.