Ching Christina 4

What Happened
Christina Ching, Interim Chief Financial Officer of Newegg (NEGG), exercised equity derivatives on April 6, 2026. The filing shows an exercise/conversion of 131 shares at an exercise price of $39.22 (total cost $5,138). To satisfy tax withholding, 48 of those shares were withheld (disposed) at the same per-share value (value withheld $1,883). The Form 4 also reports a related derivative conversion line for 131 shares at $0.00, which reflects the internal conversion entry on the form and carries no additional cash value.

Key Details

• Transaction date: April 6, 2026. Filing date: April 8, 2026 (timely).
• Exercise: 131 shares @ $39.22 = $5,138 (code M).
• Tax withholding: 48 shares @ $39.22 withheld/treated as disposed = $1,883 (code F; F1: shares withheld for taxes).
• Additional derivative line: 131 shares @ $0.00 reported as disposed (code M) — reflects the derivative conversion entry.
• Shares owned after the transaction: not specified in the provided Form 4 data.
• Footnote F2: the filer referenced a 6,250-RSU award (5,348 RSUs vested before becoming a Section 16 officer; 902 RSUs vest monthly through Sept 6, 2026).
• Filing timeliness: reported within the standard Form 4 window (no late filing indicated).

Context
This was an option/derivative exercise (code M) with shares withheld to cover tax obligations (routine, not an open-market sale). Such withholding is common and does not necessarily signal a decision to sell remaining holdings. The RSU footnote describes separate compensation vesting and is not an open-market transaction.