Merchant Toby D 4

What Happened
Toby D. Merchant, Chief Legal Officer of Fox Factory Holding Corp. (FOXF), was granted/received 8,704 shares on February 25, 2026. The shares are reported at $0.00 per share (total $0) because they reflect the settlement of performance stock units (PSUs) earned following the company’s performance period; no cash purchase was involved. This is an award/vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: February 25, 2026; reported on Form 4 filed February 27, 2026.
• Price: $0.00 per share (award/settlement of PSUs); total reported cash consideration $0.
• Shares involved: 8,704 performance stock units settled as shares.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: The PSUs were originally granted under the Issuer’s 2022 Omnibus Plan and were earned after the Compensation Committee determined on February 24, 2026 that certain performance goals for the period ended January 2, 2026 had been met; settlement was subject to Board approval of the company’s fiscal 2025 Form 10-K on February 25, 2026. (Footnote F1)
• Timeliness: Filed February 27, 2026 for a Feb 25 transaction — appears timely (within the usual two-business-day Form 4 filing window).

Context
Performance stock units are compensation that convert to shares when performance and administrative conditions are met; they are different from purchases or sales and don't necessarily signal management buying/selling intent. This transaction represents compensation vesting/settlement rather than a market-driven trade.