Ching Christina 4

What Happened

• Christina Ching, Newegg's Interim Chief Financial Officer, exercised stock options on 2026-05-06. The exercise converted a derivative into 131 common shares at a strike price/value of $31.85 (total value reported $4,172). To satisfy tax withholding, 48 of those shares were withheld (worth $1,529), leaving a net increase of 83 shares to Ching. The filing also shows the derivative instrument (the option) was cancelled/converted (reported as disposed at $0).

Key Details

• Transaction date: 2026-05-06; Form 4 filed 2026-05-08 (appears timely, two days after the transaction).
• Exercise: 131 shares acquired at $31.85 — reported value $4,172.
• Tax/withholding: 48 shares withheld at $31.85 — reported value $1,529 (footnote F1: shares withheld to satisfy tax withholding).
• Derivative conversion: corresponding derivative security disposed (131 units) at $0 reflecting conversion of the option to shares.
• Shares owned after transaction: not specified in the details you provided.
• Other footnotes: F2 discloses a 6,250 RSU award (5,348 vested before becoming a Section 16 officer; 902 RSUs vest monthly through Sept 6, 2026). F3: N/A.

Context

• This was an option exercise with a sell-to-cover style tax withholding (shares withheld rather than a cash payment), not an open-market sale — so it increased Ching’s net shareholdings by 83 shares.
• Exercises and tax-withholding are routine insider filings and do not by themselves indicate the insider’s view of the company’s stock.