Newegg Commerce: 10% owner Chang Fred Faching sold 7,164 shares

What happened

• Chang Fred Faching, a 10% owner, sold a total of 7,164 shares in two open-market sales. He sold 3,582 shares on Sep 30, 2026 at a weighted-average price of $13.18 for $47,218, and 3,582 shares on Oct 1, 2026 at a weighted-average price of $12.31 for $44,094. Total proceeds reported: $91,312.

Key details

• Transaction dates and prices: Sep 30, 2026 — 3,582 shares @ $13.18 (weighted average; see footnote) for $47,218. Oct 1, 2026 — 3,582 shares @ $12.31 (weighted average; see footnote) for $44,094. Both transactions reported with code S (sale).
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes: F1 says the Sep 30 weighted-average price reflects multiple sales at prices ranging from $13.37 to $13.01 and the reporting person will provide breakdowns on request. F2 says the Oct 1 weighted-average price reflects multiple sales at prices ranging from $13.20 to $11.97 and the reporting person will provide breakdowns on request. F3 states the reporting person is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC.
• Filing date and timeliness: filed Oct 2, 2026. The provided filing does not indicate a late filing.

Why it may matter

• These were open-market sales (transaction code S), not option exercises or gifts.
• The reporting person is a 10% owner, a large holder rather than an executive.
• This filing does not show why the insider traded or why the company acted.