8x8 CLO executes tax sale of 8,762 shares
8x8, Inc. Chief Legal Officer Laurence Denny reported an issuer-mandated sale of 8,762 shares of common stock at $2.09 per share to cover tax withholding obligations from the vesting of restricted stock units.
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Rhea-AI Filing Summary
8x8, Inc. Chief Legal Officer Laurence Denny reported an issuer-mandated sale of 8,762 shares of common stock at $2.09 per share to cover tax withholding obligations from the vesting of restricted stock units. After this tax-related disposition, Denny directly holds 368,009 shares, and the transaction was not a discretionary trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,762 | $2.09 | $18K |
Footnotes (1)
- F1. The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person.
FAQ
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What insider transaction did 8x8 (EGHT) report for Laurence Denny?
Was the 8x8 (EGHT) insider transaction by Laurence Denny a discretionary sale?
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