CHANG FRED FACHING 4

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.