CHANG FRED FACHING 4
4 · Newegg Commerce, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Newegg (NEGG) 10% Owner Fred F. Chang Sells Shares
What Happened
Fred F. Chang, reported as a 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 32,213 shares in open-market transactions across three days (June 1–3, 2026). The sales totaled approximately $640,127: 2,583 shares on June 1 for a weighted average price of $17.58 ($45,409); 11,091 shares on June 2 for a weighted average price of $20.19 ($223,938); and 18,539 shares on June 3 for a weighted average price of $20.00 ($370,780). These were outright sales (S), not purchases or option exercises.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-06-01: 2,583 shares @ $17.58 (weighted avg; prices in range $21.00–$17.25) — Footnote F1
- 2026-06-02: 11,091 shares @ $20.19 (weighted avg; prices in range $21.67–$18.76) — Footnote F2
- 2026-06-03: 18,539 shares @ $20.00 (weighted avg; prices in range $22.00–$18.11) — Footnote F3
- Total sold: 32,213 shares for aggregate proceeds of about $640,127.
- Shares owned after transaction: not specified in the provided filing details.
- Filing timeliness: Form 4 filed 2026-06-03; transactions occurred June 1–3 — the report appears to have been filed within required reporting windows (timely).
- Reporting structure note: the filer is the sole member/manager of Tekhill USA LLC and Nabal Spring, LLC (Footnote F4).
- No 10b5‑1 plan, tax withholding, or option-exercise language was indicated in the supplied details.
Context: As a 10% owner, Chang is a large shareholder rather than necessarily an operating executive; these open-market sales are disposals of shares and do not imply insider purchases (which are often viewed as stronger signals of bullish conviction). The footnotes show each reported price is a weighted average across multiple executions at prices within the stated ranges; the reporting person offers to provide a breakdown of quantities at each price on request.
Insider Transaction Report
- Sale
Common Shares
[F1][F4]2026-06-01$17.58/sh−2,583$45,409→ 3,134,063 total(indirect: By LLC) - Sale
Common Shares
[F2][F4]2026-06-02$20.19/sh−11,091$223,938→ 3,122,972 total(indirect: By LLC) - Sale
Common Shares
[F3][F4]2026-06-03$20.00/sh−18,539$370,780→ 3,104,433 total(indirect: By LLC)
- 450,000(indirect: By LLC)
Common Shares
[F4] - 407,927
Common Shares
Footnotes (4)
- [F1]This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $17.25. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.67 to $18.76. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $18.11. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The Reporting Person is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC.