Sylebra Capital Decreases Position in 8x8, Inc. and Shifts to Passive Investment Stance
On April 8, 2026, Sylebra Capital LLC and its affiliates filed Amendment No. 4 to their Schedule 13D regarding their holdings in 8x8, Inc. (EGHT). The filing indicates that the reporting persons currently beneficially own 8,367,394 shares of Common Stock, representing approximately 6.01% of the class. This amendment follows a disposal of securities by the group. Notably, the reporting persons disclosed a shift in their investment strategy; while they initially filed a Schedule 13D reflecting a potential intent to influence the issuer's management or policies, they have since adopted a passive investment stance. However, they noted an inability to transition to a Schedule 13G at this time. The reporting persons, including Daniel Patrick Gibson, Sylebra Capital Ltd, and Sylebra Capital Management, Ltd, share voting and dispositive power over the reported shares. They currently have no plans or proposals that would result in major corporate changes such as mergers, liquidations, or significant asset sales involving the issuer.