Cui Haitao 4

What Happened
Cui Haitao, Executive Vice President and a director of Foxx Development Holdings, sold 3,291 shares on March 20, 2026. The shares were disposed at $4.54 each for aggregate proceeds of approximately $14,941. The Form 4 reports the transaction as a sale (S), described as an open-market or private sale.

Key Details

• Transaction date and price: 2026-03-20, 3,291 shares at $4.54 per share (proceeds ≈ $14,941).
• Filing date: Form 4 filed 2026-03-24 reporting the March 20 transaction.
• Shares owned after transaction (per filing footnote): the filing references 36,051 vested and 97,256 unvested restricted shares from an initial grant on November 5, 2024 (total noted = 133,307 restricted shares).
• Footnote on vesting: the remaining unvested restricted shares will vest at a rate of 1/16th of the original grant on each quarterly anniversary of the grant date, subject to continuous service.
• No 10b5-1 plan, tax withholding, or gift notation was reported in the provided details.

Context
This was a small-dollar sale (~$15k) by an executive and director; sales like this are often routine and do not by themselves indicate management sentiment about the company. The filing also highlights an existing restricted share grant with a multi-quarter vesting schedule — unvested shares remain scheduled to vest over time, subject to continued service. Investors should watch future filings for additional insider trades or changes to the vesting/ownership profile.