Cui Haitao 4

What Happened
Cui Haitao, Executive Vice President and a director of Foxx Development Holdings, reported two open-market sales totaling 759 shares. On 2026-03-18 he sold 156 shares at $4.50 each for $702, and on 2026-03-19 he sold 603 shares at $4.56 each for $2,750 — total proceeds roughly $3,452. These were disposals (sales), which are often routine and not necessarily a signal about company fundamentals.

Key Details

• Transaction dates and prices: 3/18/2026 — 156 shares @ $4.50 ($702); 3/19/2026 — 603 shares @ $4.56 ($2,750).
• Total sold: 759 shares for ~$3,452.
• Type: Open market/private sale (code S).
• Holdings noted in filing (footnote F1): 39,342 vested and 97,256 unvested restricted shares from a Nov 5, 2024 grant of 141,463 shares; remaining unvested shares vest at 1/16 of the original grant each quarter if service continues. The Form 4 does not explicitly state a consolidated "shares owned after transaction" total beyond this footnote.
• Filing: Report filed 2026-03-20 for trades on 3/18–3/19 (appears timely).
• No 10b5-1 plan, tax-withholding, or option-exercise codes are indicated in the reported transactions.

Context
These sales are small in dollar size (~$3.5k) relative to typical insider transactions and often reflect routine portfolio or liquidity needs rather than a statement about company prospects. For investors, purchases by insiders can be more informative than small, routine sales; treat this filing as a disclosure of liquidity rather than a directional insider endorsement or rejection.