Foxx (FOXX) EVP Cui Haitao Withholds 2,722 Shares for Taxes

What Happened
Cui Haitao, Executive Vice President and a director of Foxx Development Holdings Inc. (FOXX), had 2,722 shares of common stock withheld to satisfy tax withholding upon the vesting and settlement of restricted stock units (RSUs). The withholding was recorded at $2.65 per share for a total value of approximately $7,213. This was a tax-withholding disposition related to RSU settlement, not an open-market sale.

Key Details

• Transaction date: August 5, 2026. Form filed: August 10, 2026. (Filed five calendar days after the transaction; Form 4s are generally due within two business days, so this appears to be later than the typical deadline.)
• Price and amount: 2,722 shares withheld at $2.65 per share; total ~$7,213.
• Shares owned (per filing footnote): the filing reports 49,066 shares of common stock and 79,574 unvested RSUs from an original grant of 141,463 RSUs.
• Footnotes: F1 describes the original RSU grant and quarterly vesting schedule (remaining unvested RSUs vest at 1/16th of the original grant each quarter if continuous service continues). F2 clarifies that shares were withheld to satisfy tax withholding on RSU vesting and that no shares were sold on the market.
• Transaction code: F (payment of exercise price or tax liability) — indicates tax withholding associated with equity award settlement rather than a purchase (P) or sale (S).

Context
This was a tax-withholding action tied to RSU vesting (a common administrative step when equity awards settle). Because shares were withheld to cover taxes rather than sold in the open market, this transaction does not necessarily signal a change in the insider’s view of the company. Retail investors typically focus more on purchases as a potential bullish signal; tax withholdings like this are routine.