Newegg (NEGG) 10% Owner Fred F. Chang Sells Shares

What Happened Fred F. Chang, reported as a 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 7,164 shares in two open-market transactions. On 2026-09-10 he disposed of 3,582 shares at a weighted average price of $14.47 for proceeds of $51,821, and on 2026-09-11 he disposed of 3,582 shares at a weighted average price of $14.65 for proceeds of $52,494. Combined proceeds were about $104,315. These were outright sales (transaction code S), which are typically routine dispositions rather than direct bullish signals.

Key Details

• Transaction dates and prices:
  • 2026-09-10: Sold 3,582 shares @ $14.47 (weighted avg) — $51,821 (F1 notes multiple executions ranged $14.77–$14.32).
  • 2026-09-11: Sold 3,582 shares @ $14.65 (weighted avg) — $52,494 (F2 notes multiple executions ranged $15.08–$14.33).
• Total sold: 7,164 shares for ~ $104,315.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes: F1 and F2 indicate reported prices are weighted averages from multiple trades and the filer can provide per-trade breakdown on request. F3 notes the reporting person is the sole member/manager of Tekhill USA LLC and Nabal Spring, LLC.
• Filing: Form 4 was filed on 2026-09-14 for trades on 2026-09-10 and 2026-09-11; this filing appears to be timely under the Form 4 two-business-day requirement.

Context As a 10% owner, Chang’s trades reflect large-shareholder activity (not an executive salary-related transaction). Sales are generally less informative about company prospects than purchases; the filing is factual and does not indicate the motivation for the disposals.