Foxx (FOXX) CEO trims stake with March open-market share sales

Rhea-AI Filing Summary

Foxx Development Holdings Inc. Chief Executive Officer Greg Foley reported selling a total of 7,597 shares of common stock in March open-market transactions. He sold 5,013 shares at $4.02 per share on March 11, 2026 and 2,584 shares at $3.98 per share on March 16, 2026.

After these sales, Foley directly holds 16,715 common shares. He also has unvested restricted shares from an initial 24,312-share grant made on November 5, 2024, which continue to vest in 1/16 increments on each quarterly anniversary if he remains in continuous service.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Foley Greg

(Last) (First) (Middle)

I/C/O FOXX DEVELOPMENT INC.

15375 BARRANCA PARKWAY, SUITE C-106

(Street)

IRVINE CALIFORNIA 92618

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Foxx Development Holdings Inc. [ FOXX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/11/2026		S		5,013	D	$4.02	19,299	D
Common Stock	03/16/2026		S		2,584	D	$3.98	16,715(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents unvested restricted shares from an initial grant of 24,312 restricted shares made on November 5, 2024. The remaining unvested restricted shares will continue to vest at a rate of 1/16th of the original grant amount on the quarterly anniversary date of the grant provided the reporting person remains in continuous service on each vesting date.

	/s/ Greg Foley	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did FOXX CEO Greg Foley report in this Form 4?

FOXX CEO Greg Foley reported two open-market sales of common stock in March 2026, totaling 7,597 shares. He sold 5,013 shares at $4.02 on March 11, 2026 and 2,584 shares at $3.98 on March 16, 2026.

How many Foxx (FOXX) shares does CEO Greg Foley hold after the reported sales?

After the reported transactions, Greg Foley directly holds 16,715 shares of Foxx common stock. This figure comes from the Form 4’s post-transaction ownership field and reflects his remaining direct holdings following the March 2026 open-market sales.

At what prices did FOXX CEO Greg Foley sell his shares in March 2026?

Greg Foley sold FOXX common shares at prices near $4 in March 2026. He disposed of 5,013 shares at $4.02 per share on March 11 and 2,584 shares at $3.98 per share on March 16, according to the Form 4.

Does FOXX CEO Greg Foley still have unvested restricted stock outstanding?

Yes. The filing notes unvested restricted shares from an initial grant of 24,312 shares made on November 5, 2024. These remaining unvested shares continue to vest at 1/16 of the original grant each quarter if Foley remains in continuous service.

What type of transactions are reported in Greg Foley’s FOXX Form 4?

The Form 4 reports non-derivative transactions classified as open-market or private sales of common stock. Both trades carry transaction code “S,” indicating sales, and are described as “Sale in open market or private transaction” in the transaction details.

How many FOXX shares did Greg Foley sell in total according to this Form 4?

Across the two reported transactions, Greg Foley sold 7,597 shares of Foxx common stock. This total comes from 5,013 shares sold on March 11, 2026 and 2,584 shares sold on March 16, 2026, as summarized in the transaction data.