Newegg (NEGG) Interim CFO Christina Ching Exercises Derivatives

What Happened

• Christina Ching, Interim CFO of Newegg Commerce (NEGG), reported exercising/converting derivatives on 2026-09-04 that resulted in the acquisition of 116 shares at $15.32 per share (total ≈ $1,777). The filing also shows 42 shares withheld to satisfy tax withholding (value ≈ $643). A separate line reports a 116-share derivative conversion at $0.00 (reported as a disposition with no cash value).

Key Details

• Transaction date: 2026-09-04; Form 4 filed: 2026-09-09 (filed late relative to the two-business-day rule).
• Acquired: 116 shares via exercise/conversion at $15.32 — total ≈ $1,777.
• Tax withholding: 42 shares withheld at $15.32 — value ≈ $643 (footnote F1: shares withheld to satisfy tax withholding).
• Report also lists a 116-share derivative conversion at $0.00 (reported as disposed with $0 value).
• Shares owned after the transactions: not specified in the provided filing.
• Relevant footnotes: F1 = shares withheld for taxes; F2 = award of 6,250 RSUs (5,348 vested before becoming a Section 16 officer; remaining 902 vest monthly through Sept 6, 2026); F3 = N/A.

Context

• This was an exercise/conversion and partial sell-to-cover for taxes (withholding), not an open-market buy or a discretionary sale. Such exercises are often routine (e.g., option exercises or RSU settlements) and do not necessarily indicate a change in executive sentiment. The late filing may be noteworthy for compliance monitoring but does not change the transaction details.