Newegg affiliate plans $3.7M stock sale via UBS
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) is the issuer of common stock that Tekhill USA LLC, identified as an affiliate, intends to sell under Rule 144. The notice covers up to 229,248 common shares of Newegg to be sold through UBS Financial Services Inc., with an aggregate market value of $3,732,157.44. Newegg had 20,974,000 common shares outstanding as of the filing reference, and the shares to be sold were acquired from the issuer in a merger on May 19, 2021. Tekhill USA LLC has already sold smaller blocks of Newegg shares in the prior three months.
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Key Figures
Shares to be sold under Rule 144: 229,248 shares of common stock
Aggregate market value of shares to be sold: $3,732,157.44
Shares outstanding: 20,974,000 shares of common stock
+4 more
7 metrics
Shares to be sold under Rule 144
229,248 shares of common stock
Planned sale by Tekhill USA LLC through UBS Financial Services Inc.
Aggregate market value of shares to be sold
$3,732,157.44
Value associated with the 229,248 NEGG shares in the Rule 144 notice
Shares outstanding
20,974,000 shares of common stock
Newegg Commerce, Inc. common shares outstanding used in the notice
Prior sale on June 1, 2026
2,583 shares for $45,018.72
Newegg common shares sold by Tekhill USA LLC in past three months
Prior sale on June 2, 2026
11,091 shares for $222,716.79
Newegg common shares sold by Tekhill USA LLC in past three months
Prior sale on June 3, 2026
18,539 shares for $369,006.88
Newegg common shares sold by Tekhill USA LLC in past three months
Acquisition date of securities
May 19, 2021
Date Tekhill USA LLC acquired NEGG shares via merger from issuer
Key Terms
Rule 144, affiliate, aggregate market value, attorney-in-fact
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
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.
affiliate regulatory
"Affiliate 144: Securities Information"
aggregate market value financial
"Common | UBS Financial Services Inc ... | 229248 | 3732157.44 | 20974000"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
attorney-in-fact regulatory
"Signature | /s/ UBS Financial Services Inc, as attorney-in-fact for TEKHILL USA LLC"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does Form 144 filed for NEGG by Tekhill USA LLC disclose?
It discloses Tekhill USA LLC’s intent to sell up to 229,248 shares of Newegg Commerce, Inc. common stock under Rule 144 through UBS Financial Services Inc., with an aggregate market value of $3,732,157.44 based on the prices used in the notice.
Who signed the NEGG Form 144 for Tekhill USA LLC?
The notice is signed “/s/ UBS Financial Services Inc, as attorney-in-fact for TEKHILL USA LLC”, indicating that UBS Financial Services Inc. signed on behalf of Tekhill USA LLC under a power of attorney.
AI-generated analysis. How Rhea-AI works. Not financial advice.