Newegg (NEGG) Form 144: 16,135 Shares Proposed Sale (~$1.00M)

Newegg Commerce, Inc. (NEGG) filed a Form 144 notifying a proposed sale of 16,135 shares of common stock through Fidelity Brokerage Services LLC with an aggregate market value of $1,000,448.59.

Rhea-AI Filing Summary

Newegg Commerce, Inc. (NEGG) filed a Form 144 notifying a proposed sale of 16,135 shares of common stock through Fidelity Brokerage Services LLC with an aggregate market value of $1,000,448.59. The securities are reported as outstanding totaling 19,478,394 shares and the approximate sale date is listed as 08/27/2025 on the NASDAQ. The filing shows the shares arise from an option granted on 06/15/2020 and the acquisition/transfer date is recorded as 08/27/2025, with payment by cash. The filer reports no securities sold in the past three months and includes the standard signature representation regarding absence of undisclosed material adverse information.

Positive

• Complete disclosure of sale details: broker, share count, aggregate market value, outstanding shares, and approximate sale date are provided
• Origin of shares identified as from an option granted on 06/15/2020, clarifying the nature of the holdings to be sold
• No sales in prior three months reported for the person whose account is to be sold

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer/insider intends to sell 16,135 NEGG shares via Fidelity for ~$1.00M; proceeds stem from an option grant dated 06/15/2020.

The Form 144 indicates a proposed sale executed through a registered broker with clear identification of class, quantity, aggregate value, and an approximate sale date. The securities are identified as originating from an option grant, suggesting this is a planned disposition of previously granted equity rather than a market acquisition. The filing notes no sales in the prior three months, which may be relevant to short-term insider trading patterns. This is a routine regulatory disclosure required for covered securities sales.

Compliance / Risk Analyst

TL;DR: Filing appears procedurally complete with broker and acquisition details; signer affirms no undisclosed material information.

The notice includes required elements: broker name and address, share count, aggregate market value, outstanding share count, and origin of shares (option grant). The representation regarding absence of undisclosed material information and the signature warning about false statements are present, aligning with regulatory compliance expectations. No prior three-month sales are reported, and payment method is cash. The document does not disclose any material adverse events or unusual trading arrangements.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Newegg's (NEGG) Form 144 disclose about the proposed sale?

The Form 144 discloses a proposed sale of 16,135 common shares through Fidelity Brokerage Services with an aggregate market value of $1,000,448.59, approximate sale date 08/27/2025, on NASDAQ.

Where will the NEGG shares be sold and who is the broker?

The filing lists Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917 as the broker handling the sale.

What is the source of the NEGG shares to be sold?

The shares are reported as acquired via an option granted on 06/15/2020, with the acquisition/transfer date shown as 08/27/2025 and payment by cash.

How many NEGG shares are outstanding according to the filing?

The filing reports 19,478,394 shares outstanding for the issuer.

Has the filer sold any NEGG securities in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

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

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Accepted by SEC EDGAR 08/27/2025 - 04:56 PM Learn about SEC filing dates

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	0001965303
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Newegg Commerce, Inc.
SEC File Number	001-34661
Address of Issuer	21688 GATEWAY CENTER DR #300 DIAMOND BAR CALIFORNIA 91765
Phone	(8610)8860-9850
Name of Person for Whose Account the Securities are To Be Sold	He Zhitao
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	Director

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	16135	1000448.59	19478394	08/27/2025	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	08/27/2025	Option Granted - 06/15/2020	Issuer			16135	08/27/2025	Cash

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/27/2025
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	/s/ Gerardo Ibarra-Munoz, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Zhitao He
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)