Foxx Development (NASDAQ: FOXX) EVP sells 3,291 shares, keeps 133,307

Rhea-AI Filing Summary

Foxx Development Holdings Inc. director and Executive Vice President Cui Haitao reported an open-market sale of 3,291 shares of common stock at $4.54 per share on March 20, 2026. After this sale, he holds 133,307 shares directly.

These holdings consist of 36,051 vested and 97,256 unvested restricted shares from an initial grant of 141,463 restricted shares made on November 5, 2024. The remaining unvested restricted shares are scheduled to continue vesting in equal 1/16 installments on each quarterly anniversary of the grant date, subject to his 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^*

Cui Haitao

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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	03/20/2026		S		3,291	D	$4.54	133,307(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 36,051 vested and 97,256 unvested restricted shares from an initial grant of 141,463 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 date provided the reporting person remains in continuous service on each vesting date.

	/s/ Haitao Cui	03/24/2026
	** 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 transaction did Cui Haitao report for Foxx Development Holdings (FOXX)?

Cui Haitao reported an open-market sale of 3,291 FOXX common shares. The transaction occurred on March 20, 2026 at a price of $4.54 per share. It was disclosed as a standard open-market or private sale under SEC transaction code “S.”

How many Foxx Development (FOXX) shares does Cui Haitao hold after this Form 4 sale?

After the sale, Cui Haitao directly holds 133,307 FOXX shares. This total reflects his remaining restricted stock position, including both vested and unvested shares, as reported in the filing’s post-transaction ownership column for his common stock holdings.

What portion of Cui Haitao’s Foxx Development (FOXX) shares are vested versus unvested?

Cui Haitao’s holdings include 36,051 vested and 97,256 unvested restricted shares. These shares come from an initial grant of 141,463 restricted shares made on November 5, 2024, with vesting depending on his continued service at each vesting date.

How do Cui Haitao’s unvested Foxx Development (FOXX) shares vest over time?

The remaining unvested restricted FOXX shares vest in 1/16 increments quarterly. Vesting occurs on each quarterly anniversary of the November 5, 2024 grant date, provided Cui Haitao remains in continuous service with the company on each scheduled vesting date.

What does transaction code “S” mean in Cui Haitao’s Foxx Development (FOXX) Form 4?

Transaction code “S” indicates a sale of shares in the open market or a private transaction. In this case, it reflects Cui Haitao’s disposition of 3,291 FOXX common shares at $4.54 per share on March 20, 2026.