Newegg (NEGG) 10% Owner Fred Chang Sells 7,164 Shares

What Happened Fred Faching Chang, reported as a 10% owner of Newegg Commerce, sold a total of 7,164 Newegg shares in two open-market transactions. On 2026-09-24 he sold 3,582 shares at a weighted average price of $14.06 for proceeds of $50,381; on 2026-09-25 he sold 3,582 shares at a weighted average price of $13.66 for proceeds of $48,916. Total proceeds from the two disposals were approximately $99,297. These were sales (S) rather than purchases.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-09-24: 3,582 shares @ $14.06 (weighted avg); proceeds $50,381. (Footnote F1: actual prices ranged $14.36–$13.92.)
  • 2026-09-25: 3,582 shares @ $13.66 (weighted avg); proceeds $48,916. (Footnote F2: actual prices ranged $14.13–$13.34.)
• Total shares sold: 7,164; total proceeds: ~$99,297.
• Shares owned after the transactions: not specified in the information provided in your prompt.
• Footnote F3: Chang is sole member/manager of Tekhill USA LLC and Nabal Spring, LLC (entities referenced in the filing).
• Filing timeliness: Report filed 2026-09-28 for transactions on 2026-09-24 and 09-25 — within the typical two-business-day Form 4 filing window (timely).
• Transaction type code: S = Sale (open-market/private sale).

Context

• These were outright sales by a 10% beneficial owner; sales by large shareholders can be routine (liquidity or portfolio reasons) and do not by themselves indicate insider confidence or lack thereof.
• Footnotes note weighted-average reporting and provide price ranges; the reporting person has pledged to supply detailed price-by-price information on request.