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Newegg Commerce, Inc.·4

May 20, 5:01 PM ET

CHANG FRED FACHING 4

Research Summary

AI-generated summary

Updated

Newegg (NEGG) 10% Owner Fred Chang Sells 152,787 Shares

What Happened
Fred Faching Chang, a reported 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 152,787 shares in a series of open-market transactions executed May 4–18, 2026. The individual trades ranged in price from the low $18s to the mid-$30s; reported proceeds across all sales totaled approximately $3,703,836. These were outright sales (not purchases or option exercises) and typically represent liquidity or portfolio-management activity rather than a direct signal of company prospects.

Key Details

  • Transaction dates & sizes (shares @ reported weighted-average price = proceeds):
    • 2026-05-04: 15,000 @ $31.88 = $478,230
    • 2026-05-05: 3,657 @ $30.10 = $110,065
    • 2026-05-06: 703 @ $32.29 = $22,702
    • 2026-05-07: 6,483 @ $30.25 = $196,124
    • 2026-05-08: 20,000 @ $26.25 = $525,060
    • 2026-05-11: 6,944 @ $25.41 = $176,475
    • 2026-05-12: 20,000 @ $23.66 = $473,200
    • 2026-05-13: 20,000 @ $23.05 = $460,980
    • 2026-05-14: 20,000 @ $22.52 = $450,380
    • 2026-05-15: 20,000 @ $20.87 = $417,380
    • 2026-05-18: 20,000 @ $19.66 = $393,240
  • Total shares sold: 152,787; total reported proceeds: ~$3.70M.
  • Shares owned after transaction: Not provided in the data you supplied.
  • Footnotes: Several sales are reported as weighted-average prices covering multiple execution prices (ranges cited in the filing from about $34.50 down to $18.81). The filing also notes the reporting person is the sole member/manager of Tekhill USA LLC and Nabal Spring, LLC (entity disclosure).
  • Filing: Form 4 filed May 20, 2026; transactions reported cover May 4–18, 2026. The filing supplied does not include an explicit tardiness flag in the provided data.

Context

  • This report documents multiple open-market sales by a 10% owner. For retail investors, purchases from insiders are often taken as a clearer bullish signal than routine sales, which can reflect diversification, tax planning, or liability management. Because the reporting person is a 10% owner (not necessarily a company officer), these sales should be viewed as ownership-level transactions rather than executive compensation moves.
  • See the filing footnotes for detailed per-trade price breakdowns if you need exact execution prices within the reported weighted-average ranges.