Sylebra Capital Reduces Stake in 8x8 Inc to 4.85%, Shifts to Passive Investment Stance

On April 16, 2026, Sylebra Capital LLC and its affiliates filed an amendment to their Schedule 13D reporting a significant reduction in their position in 8x8, Inc. (EGHT). The reporting persons, including Sylebra Capital Ltd, Sylebra Capital Management, Ltd, and Daniel Patrick Gibson, decreased their collective ownership to 6,757,049 shares, representing approximately 4.85% of the company's common stock. This is down from a previous holding of 8,367,394 shares (6.01%). The filing indicates that the reduction was the result of a disposal of securities. Notably, the reporting persons stated that while they originally filed a Schedule 13D reflecting an intent to potentially influence management, they have since adopted a passive investment stance. However, they noted an inability to transition to a Schedule 13G filing at this time. Sylebra US and its affiliates currently have no specific plans or proposals that would result in extraordinary corporate transactions, such as mergers or liquidations, involving the issuer.