8x8 CLO has 6,350 shares withheld for taxes
8x8’s chief legal officer had shares withheld for RSU tax obligations and continues to hold over six hundred thousand EGHT shares directly.
Rhea-AI Filing Summary
8X8 Inc. (EGHT) reported that Chief Legal Officer Laurence Denny had 6,350 shares of common stock withheld on September 6, 2026 to satisfy income tax obligations arising from the net settlement of Restricted Stock Units. This was not an open-market sale, and Denny now holds 613,714 shares directly, including 9,433 shares acquired on August 9, 2026 through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 6,350 shares
Tax Withholding
1 txn
Insider
Denny Laurence
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 6,350 | $1.89 | $12K |
Holdings After Transaction:
Common Stock — 613,714 shares (Direct)
Footnotes (2)
- 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.
- F2. Includes 9,433 shares purchased on August 9, 2026 pursuant to the company's Employee Stock Purchase Plan (ESPP).
Key Figures
Shares withheld for tax: 6,350 shares
Withholding reference price: $1.89 per share
Shares held after transaction: 613,714 shares
+1 more
4 metrics
Shares withheld for tax
6,350 shares
Common stock withheld September 6, 2026 to satisfy RSU tax obligations
Withholding reference price
$1.89 per share
Value used for 6,350 shares withheld for income tax obligations
Shares held after transaction
613,714 shares
Direct EGHT common stock ownership by Laurence Denny following September 6, 2026 withholding
Recent ESPP purchase
9,433 shares
Shares purchased August 9, 2026 under 8x8’s Employee Stock Purchase Plan included in holdings
Key Terms
Restricted Stock Units ("RSUs"), net settlement, income tax withholding, Employee Stock Purchase Plan (ESPP)
4 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 financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
Employee Stock Purchase Plan (ESPP) financial
"purchased on August 9, 2026 pursuant to the company's Employee Stock Purchase Plan (ESPP)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EGHT disclose for Chief Legal Officer Laurence Denny?
EGHT disclosed that Laurence Denny had 6,350 shares of common stock withheld on September 6, 2026 to cover income tax obligations from the net settlement of Restricted Stock Units, which the company states does not represent a sale by him.
Was the September 6, 2026 EGHT Form 4 transaction an open-market sale?
No. The company states the 6,350 shares were withheld by the issuer to satisfy income tax withholding and remittance obligations on RSUs and do not represent a sale by Chief Legal Officer Laurence Denny.
Was the EGHT insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating the September 6, 2026 transaction was executed under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.