Form 4: 8x8 Inc. Chief Legal Officer Laurence Denny Reports Stock Transaction
SEC Form 4 Filing
Laurence Denny, Chief Legal Officer of 8x8 Inc., reports the withholding of 8,393 common stock shares to cover income tax obligations related to RSU settlement on March 15, 2025.
Summary
- On March 15, 2025, Laurence Denny, the Chief Legal Officer of 8x8 Inc., had 8,393 shares of common stock withheld by the issuer.
- This withholding was to satisfy income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
- The price per share for the transaction was $2.14.
- Following the transaction, Denny directly owns 225,398 shares of 8x8 Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on stock prices.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 03/17/2025 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.