Form 4: FOXF CEO Dennison Sells Shares for Tax Obligations

FOX Factory Holding Corp. CEO Michael C. Dennison disposed of 10,641 shares of common stock to cover tax liabilities from restricted stock unit vesting.

Summary

• Michael C. Dennison, the Chief Executive Officer and a Director of FOX Factory Holding Corp. (FOXF), reported a transaction involving company common stock.
• On March 4, 2026, Dennison disposed of 10,641 shares of FOXF common stock.
• The shares were disposed of at a price of $17.85 per share.
• This transaction was specifically for withholding shares to satisfy tax obligations arising from the vesting of restricted stock units.
• Following this reported transaction, Dennison beneficially owns 263,450 shares of FOXF common stock.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is a standard procedure for covering tax liabilities associated with restricted stock unit vesting and does not reflect a discretionary sale.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding from restricted stock unit (RSU) vesting, are common and generally not indicative of management's sentiment about the company's future prospects, unlike open market sales.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a signal of management sentiment.

Key Dates

Recommendation

The transaction is a non-discretionary sale to cover tax obligations from RSU vesting, which is a routine event for executives. It does not signal a change in the company's fundamentals or management's long-term view, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

FOX Factory Holding Corp, FOXF, Michael C. Dennison, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, CEO, Director, Equity Compensation