8x8 CLO reports tax-withholding of 7,747 shares
8x8, Inc. Chief Legal Officer Laurence Denny reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
8x8, Inc. Chief Legal Officer Laurence Denny reported a routine tax-related share disposition. On the reported date, 7,747 shares of Common Stock were withheld by the company at a price of $1.77 per share to cover income tax obligations tied to vested restricted stock units.
The filing states this withholding does not represent a market sale by the insider. After this transaction, Denny directly holds 610,631 shares of 8x8 Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,747 | $1.77 | $14K |
Footnotes (1)
- F1. Represents the number of shares of Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the vested restricted stock units and does not represent a sale by the Reporting Person.
Key Figures
Key Terms
restricted stock units financial
net settlement financial
income tax withholding financial
FAQ
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What did 8x8 (EGHT) Chief Legal Officer Laurence Denny report in this Form 4?
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