8x8 (EGHT) CLO’s 8,762-share tax sale leaves 368,009 held
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,762 shares
Net Sell
1 txn
Insider
Denny Laurence
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,762 | $2.09 | $18K |
Holdings After Transaction:
Common Stock — 368,009 shares (Direct)
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
What insider transaction did 8x8 (EGHT) report for Laurence Denny?
8x8 reported that Chief Legal Officer Laurence Denny had 8,762 shares sold to cover tax withholding from vesting restricted stock units. This issuer-mandated transaction was recorded at $2.09 per share and was not a discretionary trade by the executive.
Was the 8x8 (EGHT) insider transaction by Laurence Denny a discretionary sale?
No, the transaction was not discretionary. The filing states it was an issuer-mandated sale to satisfy tax withholding obligations related to restricted stock unit vesting, meaning the timing and nature were driven by tax requirements rather than an open-market decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.