Foxx Development (FOXX) CTO sells 1,943 shares, holds 19,431 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foxx Development Holdings Inc. Chief Technology Officer James Liao reported an open-market sale of 1,943 shares of common stock at $6.15 per share. After the sale, he is reported as holding 19,431 shares.
According to a footnote, the 19,431 shares represent unvested restricted stock units from an original grant of 31,090 RSUs made on November 5, 2024. The remaining unvested RSUs are scheduled to vest in 1/16th increments on each quarterly anniversary of the grant date, provided he remains in continuous service.
Positive
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Negative
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Insider Trade Summary
Net Seller: 1,943 shares ($11,949)
Net Sell
1 txn
Insider
Liao James
Role
Chief Technology Officer
Sold
1,943 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,943 | $6.15 | $12K |
Holdings After Transaction:
Common Stock — 19,431 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,943 shares
Sale price: $6.15 per share
Shares after transaction: 19,431 shares
+3 more
6 metrics
Shares sold
1,943 shares
Open-market sale on June 4, 2026
Sale price
$6.15 per share
Open-market sale of common stock
Shares after transaction
19,431 shares
Reported holdings following sale
Original RSU grant
31,090 RSUs
Grant made on November 5, 2024
Unvested RSUs remaining
19,431 RSUs
Portion of original grant still unvested
Vesting rate
1/16 per quarter
RSUs vest on quarterly grant anniversaries
Key Terms
open-market sale, restricted stock units, RSUs, vesting, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units financial
"Represents 19,431 unvested restricted stock units ("RSUs") from an initial grant"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The remaining unvested RSUs will continue to vest at a rate of 1/16th"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"will continue to vest at a rate of 1/16th of the original grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continuous service financial
"provided the reporting person remains in continuous service on each vesting date"
FAQ
What insider transaction did Foxx Development (FOXX) report for James Liao?
Foxx Development reported that Chief Technology Officer James Liao completed an open-market sale of 1,943 shares of common stock at $6.15 per share. This Form 4 filing documents the sale and his updated holdings after the transaction.
What are the details of James Liao’s RSU grant at Foxx Development (FOXX)?
James Liao’s remaining 19,431 unvested RSUs come from an original grant of 31,090 RSUs made on November 5, 2024. These RSUs vest in 1/16th installments each quarter, conditioned on his continued service with the company.
How do James Liao’s RSUs at Foxx Development (FOXX) vest over time?
The remaining unvested RSUs vest at a rate of 1/16th of the original 31,090-unit grant on each quarterly anniversary of the November 5, 2024 grant date. Vesting continues as long as James Liao remains in continuous service.