CHANG FRED FACHING 4

What Happened

• Fred Faching Chang, a reported 10% owner of Newegg Commerce, sold a total of 20,000 Newegg shares in open-market transactions on May 28 and May 29, 2026. The filings report weighted-average prices of $17.91 (10,000 shares, $179,120) and $17.51 (10,000 shares, $175,060), for combined gross proceeds of about $354,180. These were sales (not purchases), which are often routine liquidity transactions.

Key Details

• Transaction dates and prices:
  • 2026-05-28: Sale of 10,000 shares at weighted-average price $17.91 (range reported $18.99–$16.55). (Footnote F1)
  • 2026-05-29: Sale of 10,000 shares at weighted-average price $17.51 (range reported $18.57–$17.17). (Footnote F2)
• Total shares sold: 20,000; total reported proceeds ≈ $354,180.
• Shares owned after the transactions: not specified in the provided filing details.
• Reporting structure: The filer notes he is sole member/manager of Tekhill USA LLC and Nabal Spring, LLC (Footnote F3), indicating the reporting person’s control of certain entities.
• Filing timeliness: Form filed 2026-06-01 covering trades on 5/28 and 5/29; this filing date is within the SEC’s two-business-day window for these transactions and appears timely.

Context

• As a 10% owner, Chang is a significant shareholder but not necessarily an executive; such sales often reflect personal or entity-level liquidity needs rather than a clear signal about company performance. The filing provides weighted-average prices and price ranges; the reporter has offered to supply a breakdown of the individual sale prices on request.