Newegg (NEGG) 10% Owner Fred Chang Sells 13,582 Shares
$NEGG · Newegg Commerce, Inc.Research Summary
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Newegg (NEGG) 10% Owner Fred Chang Sells 13,582 Shares
What Happened Fred Faching Chang, a reported 10% owner of Newegg Commerce, Inc. (NEGG), sold 13,582 shares in open-market transactions on September 4, 2026. The weighted-average sale price was $15.62, producing total proceeds of approximately $212,102. The sale was reported on an amended Form 4 filed September 10, 2026 to correct omitted holdings from the original filing.
Key Details
- Transaction date: 2026-09-04 (reported on amended Form 4 filed 2026-09-10)
- Transaction type: Sale (S) — open market/private sale
- Shares sold: 13,582 at a weighted-average price of $15.62; total ≈ $212,102
- Price range: individual trades ranged from $16.40 down to $15.19 (footnote F1)
- Ownership after transaction: not specified in the information provided in this summary
- Footnote F2: Chang is sole member/manager of Tekhill USA LLC and Nabal Spring, LLC; amendment added shares directly held and shares held by Nabal Spring, LLC that were omitted originally
- Filing status: This is an amended Form 4 to include omitted holdings; see filing for any timing details or prior filings
Context Sales by large holders (including 10% owners) can be for many reasons and are not by themselves proof of company outlook. The weighted-average note indicates multiple trades at different prices; the filing amendment was made to correct prior omissions of certain holdings. Retail investors should review the full Form 4 and prior filings for complete ownership figures and any related-party holdings before drawing conclusions.