Liao James 4

What Happened
James Liao, Chief Technology Officer of Foxx Development Holdings, sold 1,943 shares on June 4, 2026 at $6.15 per share for proceeds of $11,949. The filing classifies the disposition as an open‑market or private sale (code S). This was a sale (disposition), which is commonly routine and does not by itself indicate insider sentiment about the company.

Key Details

• Transaction date: June 4, 2026; filing date: June 5, 2026 (timely filing).
• Price: $6.15 per share; total proceeds: $11,949.
• Shares owned after transaction: not specified in the provided report.
• Transaction type: Sale (S) — listed as open‑market or private sale.
• Footnote (F1): Mr. Liao has 19,431 unvested restricted stock units (RSUs) remaining from an original grant of 31,090 RSUs made on Nov 5, 2024. The remaining unvested RSUs vest at 1/16th of the original grant on each quarterly anniversary, subject to continued service.

Context: This is a straightforward insider sale of already‑issued shares. For retail investors, purchases tend to be more informative than routine sales; this small-dollar sale (about $12k) is modest in size and, without additional context (e.g., 10b5‑1 plan, tax withholding), should be viewed as a single data point rather than a definitive signal about company prospects.