Merchant Toby D 4

What Happened
Toby D. Merchant, Chief Legal Officer of Fox Factory Holding Corp (FOXF), had 1,713 shares withheld to satisfy tax obligations arising from the vesting of restricted stock units. The withholding was recorded as a disposition of 1,713 shares at $17.85 per share, for a value of $30,577, on March 4, 2026. This is a tax-withholding event (routine) rather than an open-market sale or new purchase.

Key Details

• Transaction date and price: 2026-03-04; 1,713 shares at $17.85 each = $30,577.
• Transaction type/code: F (shares withheld to satisfy tax obligations from RSU vesting).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: 2026-03-06 (filed two days after the transaction) — appears timely based on typical Form 4 deadlines.
• Footnote: F1 — "Shares withheld to satisfy tax obligations arising out of vesting of restricted stock units."

Context
Tax-withholding disposals are common when restricted stock units vest; the company withholds (or the insider transfers) shares to cover required taxes. These transactions are administrative and do not necessarily indicate insider sentiment about the company; they reduce the insider’s outstanding shares but are not a purchase signal.