Cui Haitao 4
4 · Foxx Development Holdings Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Foxx Development (FOXX) EVP Cui Haitao Sells 1,945 Shares
What Happened Cui Haitao, Executive Vice President and Director of Foxx Development Holdings Inc. (FOXX), had 1,945 shares of common stock disposed (withheld) on May 5, 2026 at $4.76 per share, a total value of $9,258. The transaction was reported as payment to satisfy an exercise price or tax liability (transaction code F).
Key Details
- Transaction date: 2026-05-05; Filing date: 2026-05-07 (filed two days after the transaction).
- Price and amount: 1,945 shares at $4.76 per share = $9,258.
- Transaction code: F — shares withheld to satisfy tax withholding/exercise obligations; reported as a disposal.
- Holdings per filing footnote: the reporting person is associated with 42,947 shares of common stock and 88,415 unvested RSUs from an initial RSU grant (see footnote F1).
- Footnote F2 specifies that shares were withheld to satisfy tax withholding upon RSU vesting and that no shares were sold on the open market.
Context This was a routine tax-withholding event tied to RSU settlement (a common cashless method to cover tax liabilities), not an open-market sale that signals a view on the company’s stock. For RSU-related withholdings, the company retains or cancels shares equal to the tax obligation rather than the insider directing a sale.
Insider Transaction Report
- Tax Payment
Common Stock
[F2][F1]2026-05-05$4.76/sh−1,945$9,258→ 131,362 total
Footnotes (2)
- [F1]Represents 42,947 shares of common stock and 88,415 unvested restricted stock units ("RSUs") from an initial grant of 141,463 RSUs made on November 5, 2024. The remaining unvested RSUs will continue to vest at a rate of 1/16th of the original grant amount on the quarterly anniversary date of the grant date provided the reporting person remains in continuous service on each vesting date.
- [F2]Reflects shares of common stock of Foxx Development Holdings Inc. withheld to satisfy the Reporting Person's tax withholding obligation upon vesting and settlement of RSUs. No shares were sold.