Newegg (NEGG) 10% Owner Fred Chang Sells 52,082 Shares

What Happened

• Fred F. Chang, reported as a 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 52,082 shares in open‑market transactions. On 2026‑09‑16 he sold 23,582 shares at a weighted average price of $13.18 for proceeds of $310,811; on 2026‑09‑17 he sold 28,500 shares at a weighted average price of $13.05 for proceeds of $371,897. Total proceeds from these sales were about $682,708. These were sales (not purchases or option exercises).

Key Details

• Transaction dates and reported weighted average prices:
  • 2026‑09‑16: 23,582 shares sold @ weighted avg $13.18 (range reported $12.96–$13.46). [Footnote F1]
  • 2026‑09‑17: 28,500 shares sold @ weighted avg $13.05 (range reported $12.90–$13.50). [Footnote F2]
• Total shares sold: 52,082; total reported proceeds: ~$682,708.
• Shares owned after transaction: not specified in the filing (the Form 4 did not list remaining beneficial ownership in the provided excerpt).
• Reporting person note: Fred F. Chang is the sole member/manager of Tekhill USA LLC and Nabal Spring, LLC (Footnote F3), indicating some holdings or transactions may involve those entities.
• Timeliness: The Form 4 was filed on 2026‑09‑18 for transactions on 2026‑09‑16 and 2026‑09‑17, which is within the typical two‑business‑day reporting window (not marked late).

Context

• Sales by insiders (including 10% owners) are often routine and do not by themselves indicate future company performance; purchases generally carry more weight for interpreting insider sentiment. The filing notes the reported prices are weighted averages because the shares were sold in multiple trades at prices within the ranges above; the reporting person has offered to provide per‑trade breakdowns on request.