Insider sales recorded
Foxx Development Holdings Inc. (NASDAQ: FOXX) reported that Chief Executive Officer Greg Foley sold a combined 7,597 shares of company common stock in two separate transactions on March 11 and March 16, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
On March 11, Foley disposed of 5,013 shares at a sale price of $4.02 per share. He followed with a second transaction on March 16, selling another 2,584 shares at $3.98 per share. The aggregate value of the two transactions totaled $30,436.
Remaining stake and vesting details
Following these sales, the filing indicates Foley directly holds 16,715 shares of Foxx Development common stock. That position includes unvested restricted shares stemming from an initial equity grant dated November 5, 2024; those restricted shares continue to vest on a quarterly schedule, per the disclosure.
Market context included in filing
The filing notes the company’s stock is trading at $4.46 at the time of disclosure, up from a recent level of $3.65, while reflecting a 20% decline over the past 12 months.
Board appointment disclosed
In a separate filing with the SEC, Foxx Development disclosed the appointment of Michelle Jie Shen to its board of directors. The company entered into an offer letter and indemnification agreement with Shen. Under the terms disclosed, she will receive an annual director fee of $60,000. The appointment and related agreements are effective retroactively to her appointment date of December 22, 2025.
Annual meeting clarification
Foxx Development also corrected an error that appeared in its proxy materials concerning the location of its upcoming 2025 Annual Meeting of Stockholders. The company clarified that the meeting will not be held at the previously stated domain. Instead, the meeting will be held at the company’s offices in Irvine, California, with a virtual option accessible through a Microsoft Forms link. Stockholders who wish to attend virtually must register in advance; the company warned that failure to register in advance may prevent virtual attendance.
What the filings show
The filings provide three distinct updates: the insider sales by the CEO, the addition of a new director along with the financial terms of her engagement, and a correction to the means by which shareholders may access the company’s annual meeting. Each disclosure was submitted to the SEC as required and details timing, amounts, and procedural instructions without additional commentary on motivations or strategic intent.
Note: The information presented here is drawn from the company’s SEC filings and the stock-price data included in those disclosures.