Foley Greg 4

What Happened

• Greg Foley, CEO of Foxx Development Holdings (FOXX), sold a total of 7,597 shares in two dispositions. On 2026-03-11 he sold 5,013 shares at $4.02 each for $20,152, and on 2026-03-16 he sold 2,584 shares at $3.98 each for $10,284. Both transactions are reported as sales (S), indicating disposals rather than purchases.

Key Details

• Transaction dates and prices:
  • 2026-03-11: 5,013 shares @ $4.02 — $20,152
  • 2026-03-16: 2,584 shares @ $3.98 — $10,284
• Total shares sold: 7,597; total proceeds: approximately $30,436.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnote F1: References unvested restricted shares from an initial grant of 24,312 restricted shares made on November 5, 2024. The remaining unvested restricted shares vest at a rate of 1/16th of the original grant each quarter, subject to continued service.
• Filing timing: Form 4 was filed on 2026-03-18. The 2026-03-11 sale appears to have been reported after the typical two-business-day Form 4 deadline (potentially late), while the 2026-03-16 sale was reported on 2026-03-18 and may be timely.

Context

• These were outright sales (no option exercise or award-to-sale described). Sales by executives can be routine or for personal reasons; they do not by themselves indicate company performance. No 10b5-1 plan, tax-withholding, or gift language was specified in the provided filing excerpt.