Cui Haitao 4

What Happened

• Cui Haitao, Executive Vice President and Director of Foxx Development Holdings (FOXX), reported open-market sales totaling 4,106 shares between March 13 and March 17, 2026. The sales were: 101 shares at $4.00 ($404), 3,888 shares at $4.04 ($15,708), and 117 shares at $4.00 ($468), for combined proceeds of $16,580. These were sales (not purchases or option exercises).

Key Details

• Transaction dates and prices:
  • 2026-03-13: 101 shares @ $4.00 ($404)
  • 2026-03-16: 3,888 shares @ $4.04 ($15,708)
  • 2026-03-17: 117 shares @ $4.00 ($468)
• Shares owned after transaction (per filing footnote): 40,101 vested and 97,256 unvested restricted shares (total 137,357), from an original Nov 5, 2024 grant of 141,463 restricted shares.
• Footnote: Remaining unvested restricted shares vest at a rate of 1/16th of the original grant on each quarterly anniversary, subject to continued service.
• Filing: Form 4 was filed March 18, 2026; the form does not indicate a late filing.

Context

• These were open-market sales, which are commonly routine (e.g., to diversify or for personal liquidity) and do not by themselves signal company outlook. Purchases by insiders can be a stronger sign of bullish conviction; sales are less informative on their own. No option exercises, gifts, or 10b5-1 plans were reported in this filing.