Cui Haitao 4

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.