Newegg (NEGG) 10% Owner He Zhitao Sells 39,414 Shares

What Happened
He Zhitao, reported as a 10% owner of Newegg Commerce, Inc. (NEGG), sold a total of 39,414 shares in open-market transactions on September 3, 2026. The sales consisted of 39,149 shares at a weighted-average price around $16.50 (range $16.50–$16.69) for roughly $645,959, plus 265 shares at $17.00 for $4,505 — total proceeds about $650,464. These were outright sales (not purchases or option exercises).

Key Details

• Transaction date: 2026-09-03; Filing date: 2026-09-08 (filed 5 days after the trades).
• Price details: 39,149 shares sold at a weighted average reported as $16.50 (range $16.50–$16.69) [F1]; 265 shares sold at $17.00 (multiple transactions) [F2].
• Total shares sold: 39,414; total reported proceeds ≈ $650,464.
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Beneficial ownership notes: Some shares are held through entities — Digital Grid (Hong Kong) Technology Co., Ltd. and Hyperfinite Galaxy Holding Limited — and the reporting person may be deemed to beneficially own those shares via control/ownership structures [F3, F4].
• Filing timeliness: Filing date is Sep 8 vs transaction Sep 3 (5-day gap); review the full filing or SEC rules for required reporting windows.

Context
This report reflects open-market sales by a 10% owner. Sales are often routine and do not by themselves indicate management view on the company. Footnotes disclose that the larger block was sold in multiple trades at prices within a small range (weighted average reported) and that the reporting person may be deemed beneficial owner through related entities; the filer offers to provide detailed per-transaction price/quantity breakdowns on request. For exact post-transaction holdings and the complete filing text, consult the SEC Form 4 (accession 0001493152-26-041793).