Newegg Commerce: chief legal officer Chen Michael exercised 105 shares

What happened

• Chen Michael, chief legal officer, exercised options or converted derivatives for 105 shares on Sep 30, 2026, at $13.20, acquiring 105 shares for $1,386. The filing also shows 38 shares withheld to satisfy tax withholding at $13.20 for $502, and an open market sale of 67 shares on Oct 1, 2026, at $13.20 for $884. The filing lists an additional exercise or conversion of a derivative for 105 shares on Sep 30, 2026, at $0.00 (disposed) for $0.

Key details

• Transaction dates and prices: Sep 30, 2026 — exercised 105 shares at $13.20 (acquired) and derivative entry at $0.00 (disposed); Sep 30, 2026 — 38 shares withheld at $13.20 for $502; Oct 1, 2026 — sold 67 shares at $13.20 for $884.
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes: F1 — shares withheld to satisfy tax withholding; F2 — sale effected pursuant to a Rule 10b5-1 trading plan; F3 — describes RSU vesting schedule; F4 — N/A.
• Filing timeliness: no late filing indicated in the filing.

Why it may matter

• The filing shows an exercise or conversion of derivatives and immediate disposition of the acquired shares: 38 shares were withheld for taxes and 67 shares were sold under a Rule 10b5-1 plan, which together account for the 105 shares acquired on Sep 30, 2026 (cashless exercise pattern).
• The filing does not show why the insider traded or why the company acted.