January 5, 2024 · Form 4 insider transaction
Downing Steven R bought 1,568,750 shares of VOXX Incorporated at $10.00 per share, a transaction worth $15.69M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 3 days after the transaction.
This transaction was executed pursuant to a Stock Purchase Agreement between Gentex Corporation as Purchaser, and Avalon Park International LLC and Avalon Park Group Holding AG, as Sellers.; The reported number of shares are owned directly by Gentex Corporation, of which Mr. Downing is the Chief Executive Officer. Accordingly, by virtue of Mr. Downing's relationship with Gentex, Mr. Downing may be deemed to beneficially own the shares of the Company's Class A Common Stock owned directly by Gentex. Mr. Downing disclaims beneficial ownership of the shares of Company Class A Common Stock owned directly by Gentex except to the extent of his pecuniary interest.