Newegg Commerce (NASDAQ: NEGG) insider files to sell 20.97M common shares

Rhea-AI Filing Summary

Newegg Commerce, Inc. (NEGG) has a notice of proposed sale under Rule 144 by Michael Chen. The filing contemplates the potential sale of 20,972,505 shares of common stock through Fidelity Brokerage Services LLC on or after August 3, 2026. It also discloses prior sales of common stock over the past three months, including small transactions of 67 shares each on June 1, 2026 and July 1, 2026, and identifies a source of shares from restricted stock vesting on July 31, 2026.

Key Figures

Proposed shares to be sold: 20,972,505 shares Shares sold 06/01/2026: 67 shares Shares sold 07/01/2026: 67 shares +2 more

5 metrics

Proposed shares to be sold 20,972,505 shares Common stock, contemplated sale on or after 08/03/2026

Shares sold 06/01/2026 67 shares Common stock sale by Michael Chen during past 3 months

Shares sold 07/01/2026 67 shares Common stock sale by Michael Chen during past 3 months

Restricted stock vesting date 07/31/2026 Source of common shares from Restricted Stock Vesting

Contemplated sale date 08/03/2026 Planned sale of common stock through Fidelity on NASDAQ

Key Terms

Rule 144, Restricted Stock Vesting, common stock

3 terms

Rule 144 regulatory

"notice of proposed sale under Rule 144 by Michael Chen"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Vesting financial

"Common | 07/31/2026 | Restricted Stock Vesting | Issuer"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

common stock financial

"proposed sale of up to 20,972,505 shares of common stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/03/2026 - 11:10 AM Accepted by SEC EDGAR 08/03/2026 - 11:10 AM Learn about SEC filing dates

FAQ

What does the NEGG Form 144 filing by Michael Chen disclose?

The Form 144 for Newegg Commerce, Inc. (NEGG) discloses Michael Chen’s intent to potentially sell 20,972,505 shares of common stock through Fidelity Brokerage Services LLC, along with small prior sales in the last three months.

How many NEGG shares are proposed for sale under this Form 144?

The filing lists a proposed sale of up to 20,972,505 shares of common stock. These shares are to be sold through Fidelity Brokerage Services LLC, with the contemplated sale date listed as August 3, 2026 on the NASDAQ market.

What prior NEGG stock sales are reported in the past 3 months?

The Form 144 for NEGG reports two small prior sales: 67 shares of common stock on June 1, 2026 and another 67 shares on July 1, 2026. Both transactions involved Michael Chen as the selling security holder.

How are the NEGG shares in this Form 144 sourced?

The filing indicates that common shares are associated with Restricted Stock Vesting dated July 31, 2026. This suggests at least a portion of the shares to be sold originated from equity compensation granted by the issuer.

Which broker is handling the proposed NEGG Form 144 sale?

The proposed sale of Newegg Commerce, Inc. (NEGG) common stock is listed through Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI 02917, with trading to occur on the NASDAQ market.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	67	853.58	20972505	08/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/31/2026	Restricted Stock Vesting	Issuer			67	07/31/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael Chen 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	06/01/2026	67	1218.06
Michael Chen 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	07/01/2026	67	1097.46

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)