CHANG FRED FACHING 4

What Happened
Fred F. Chang, a reported 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 20,000 shares in open‑market transactions. On May 26 he sold 10,000 shares at a weighted average price of $20.43 for proceeds of $204,300; on May 27 he sold another 10,000 shares at a weighted average price of $18.80 for proceeds of $188,000. Combined proceeds from these sales were about $392,300. These were outright sales (not purchases or option exercises) and are typically viewed as liquidity events rather than an indicator of company outlook.

Key Details

• Transaction dates and prices:
  • 2026-05-26: 10,000 shares sold, weighted avg. $20.43 (range reported $21.91–$19.30; see footnote F1) — $204,300
  • 2026-05-27: 10,000 shares sold, weighted avg. $18.80 (range reported $19.70–$18.24; see footnote F2) — $188,000
• Total shares sold: 20,000; total proceeds ≈ $392,300.
• Filing: Form 4 filed 2026-05-28 covering transactions on May 26–27 (no late filing indicated in the provided data).
• Ownership/structure note: Reporting person is a 10% owner and is the sole member/manager of Tekhill USA LLC and Nabal Spring, LLC (footnote F3).
• Price reporting: Reported prices are weighted averages; the filing discloses price ranges and offers to provide per‑trade breakdowns on request (F1, F2).
• Transaction code: S = Sale.

Context

• As a 10% owner (large shareholder) rather than an officer executing routine compensation transactions, these sales reflect a shareholder liquidity action. Such sales do not necessarily signal management sentiment about the company’s prospects.
• For more detail on post‑transaction holdings (shares owned after the trades) or the per‑trade price breakdowns, consult the full Form 4 filing (Accession: 0001193125-26-244808) or contact the SEC filing staff, as the filing offers to provide that information on request.