Newegg (NEGG) 10% Owner Fred Chang Sells Shares

What Happened
Fred Chang, a 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 7,164 shares in two open‑market transactions. On 2026-09-28 he disposed of 3,582 shares at a weighted average price of $13.13 for about $47,028, and on 2026-09-29 he disposed of another 3,582 shares at a weighted average price of $13.05 for about $46,759. Combined proceeds were roughly $93,787. These were sales (not purchases); sales by insiders are often routine and do not by themselves indicate a change in company outlook.

Key Details

• Transaction dates and prices:
  • 2026-09-28: 3,582 shares sold, weighted avg price $13.13 — $47,028 (see footnote F1 for price range $13.42–$13.01).
  • 2026-09-29: 3,582 shares sold, weighted avg price $13.05 — $46,759 (see footnote F2 for price range $13.28–$12.87).
• Total shares sold: 7,164; total proceeds ≈ $93,787.
• Shares owned after transaction: Not provided in the information supplied in this summary (noted in the filing).
• Notable footnotes:
  • F1/F2: Reported prices are weighted averages; multiple trades occurred at prices within the ranges above and full breakdowns are available on request.
  • F3: The reporting person is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC.
• Filing timeliness: Form 4 filed 2026-09-30 for transactions on 2026-09-28 and 2026-09-29 — appears to be filed within the standard Form 4 reporting window.

Context

• This was an outright sale by a 10% owner (a large shareholder), not an option exercise, award, or gift. Sales by large holders can be for many reasons (portfolio rebalancing, tax/liquidity needs) and are not definitive signals of company fundamentals.