Newegg (NEGG) CEO Anthony Chow Exercises Options, Withholds Shares

What Happened Anthony Chow, CEO of Newegg Commerce, exercised stock options on 2026-08-31 that converted into 69,323 common shares at an exercise price of $17.68 per share (exercise cost $1,225,631). To satisfy tax withholding obligations, 37,400 of the newly issued shares were withheld (valued at $661,232), leaving a net of 31,923 shares delivered to Mr. Chow. The filing shows the derivative conversion and the withholding; no open-market sale of additional shares was reported.

Key Details

• Transaction date: 2026-08-31; Form 4 filed 2026-09-02.
• Exercise: 69,323 shares acquired at $17.68 each; total exercise amount $1,225,631 (code M).
• Tax withholding: 37,400 shares withheld to satisfy tax liability, valued at $661,232 (code F; footnote F1).
• Net shares received: 31,923 (69,323 acquired minus 37,400 withheld).
• Footnotes: F1 = shares withheld for tax withholding; F2 references the company’s semiannual 6-K earnings release date; F3 = N/A.
• Filing timing: form filed two days after the transaction date; the filing does not indicate a late-report flag in the filing text provided.

Context This was an option exercise with a partial cashless result (shares withheld to cover taxes), which is a common way executives meet tax obligations when exercising options. Such exercises are routine compensation events and do not by themselves indicate an insider purchase intended as a bullish signal or a decision to sell shares on the open market. Transaction codes: M = option exercise/derivative conversion; F = shares withheld for tax.