CHANG FRED FACHING 4

What Happened
Fred Faching Chang, a reported 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 40,000 shares in open‑market/private sales across May 19–20, 2026. On May 19 he disposed of 20,000 shares at a reported weighted average price of $19.09 (proceeds ~$381,760). On May 20 he disposed of 20,000 shares at a reported weighted average price of $20.07 (proceeds ~$401,500). Total proceeds from these transactions were about $783,260. These were sales (dispositions), not purchases.

Key Details

• Transaction dates and reported weighted prices:
  • 2026-05-19: 20,000 shares sold @ $19.09 (weighted avg) — ~$381,760.
  • 2026-05-20: 20,000 shares sold @ $20.07 (weighted avg) — ~$401,500.
• Footnotes on pricing:
  • F1: May 19 weighted average covers multiple trades at prices from $19.74 to $18.52.
  • F2: May 20 weighted average covers multiple trades at prices from $21.79 to $19.00.
• Reporting structure:
  • F3 notes Chang is sole member/manager of Tekhill USA LLC and Nabal Spring, LLC (entities tied to the filing).
• Shares owned after the transactions: not specified in the provided summary (not reported here).
• Filing timeliness: Form 4 filed 2026-05-21 for trades on 5/19 and 5/20 — appears timely (no late‑filing indication).

Context

• These were sales by a 10% owner, which reduces his stake but does not by itself indicate company prospects; sales can be for many personal or portfolio reasons.
• The weighted‑average prices and provided ranges mean the 20,000‑share blocks were executed in multiple trades at different prices.
• For retail investors, purchases generally carry more direct signaling than routine insider sales; note the holder’s 10% status means these moves affect a significant stakeholder’s position.