8x8 CLO has 4,101 shares withheld for taxes
8x8’s chief legal officer had shares withheld for RSU tax obligations, not sold in the market.
Rhea-AI Filing Summary
8X8 INC (EGHT) reported that Chief Legal Officer Laurence Denny had 4,101 shares of common stock withheld on September 15, 2026 to satisfy income tax withholding and remittance obligations related to the net settlement of Restricted Stock Units. This withholding did not represent an open-market sale, and Denny now holds 600,180 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 4,101 shares
Tax Withholding
1 txn
Insider
Denny Laurence
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 4,101 | $1.83 | $8K |
Holdings After Transaction:
Common Stock — 600,180 shares (Direct)
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 Restricted Stock Units ("RSUs") and does not represent a sale by the reporting person.
Key Figures
Shares withheld for tax: 4,101 shares
Withholding reference price: $1.83 per share
Shares held after transaction: 600,180 shares
3 metrics
Shares withheld for tax
4,101 shares
Common Stock withheld for income tax obligations on RSU net settlement on September 15, 2026
Withholding reference price
$1.83 per share
Price per share used for the 4,101 withheld shares
Shares held after transaction
600,180 shares
Directly owned EGHT common stock by Laurence Denny following the transaction
Key Terms
Restricted Stock Units ("RSUs"), net settlement, income tax withholding and remittance obligations
3 terms
Restricted Stock Units ("RSUs") financial
"in connection with the net settlement of the Restricted Stock Units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
net settlement financial
"in connection with the net settlement of the Restricted Stock Units ("RSUs")"
income tax withholding and remittance obligations financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EGHT disclose for Laurence Denny on September 15, 2026?
EGHT disclosed that Chief Legal Officer Laurence Denny had 4,101 shares of common stock withheld on September 15, 2026 to cover income tax obligations from RSU net settlement. The filing states this does not represent a sale by the reporting person.
Was the EGHT insider transaction an open-market sale?
No. The footnote explains the 4,101 shares of EGHT common stock were withheld by the issuer to satisfy income tax withholding and remittance obligations tied to RSU net settlement and do not represent a sale by Laurence Denny.
Was a Rule 10b5-1 trading plan involved in this EGHT Form 4?
No. The Form 4 indicates that no Rule 10b5-1 trading plan was affirmed for this transaction, and the document-level checkbox for such a plan is reported as unchecked.
AI-generated analysis. How Rhea-AI works. Not financial advice.