Merchant Toby D 4

What Happened
Toby D. Merchant, Chief Legal Officer of Fox Factory Holding Corp (FOXF), had 1,198 shares withheld to satisfy tax obligations arising from the vesting of restricted stock units. The shares were valued at $16.84 each, for a total of $20,174. This was a tax-withholding event related to an award — not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-03 (Form 4, Accession 0001857603-26-000004).
• Price per share: $16.84; shares withheld/disposed: 1,198; total value: $20,174.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — shares were withheld to satisfy tax obligations from RSU vesting (tax withholding, code F).
• No indication in the filing that this was late (reported on the Form 4 filed 2026-03-03).

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative action and does not reflect an active sale or purchase decision by the insider. Such transactions reduce the insider's share count but are generally neutral regarding sentiment; purchases tend to be more informative for bullish signals.