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Newegg officer Michael Chen plans $884 share sale

The notice also lists three prior sales of 67 shares each on July 1, August 3 and September 1, 2026.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Newegg Commerce, Inc. (NEGG) reports that its officer Michael Chen intends to sell 67 shares of common stock, with an approximate market value of $884.40. The notice gives an approximate sale date of October 1, 2026, through Fidelity Brokerage Services LLC. The shares are listed as acquired from the issuer through restricted stock vesting on September 30, 2026.

Shares intended for sale 67 shares Common stock; approximate sale date October 1, 2026
Approximate market value $884.40 Proposed sale
Shares outstanding 20,972,505 shares Issuer figure listed in the notice
Prior sale 67 shares July 1, 2026; reported value $1,097.46
Prior sale 67 shares August 3, 2026; reported value $853.58
Prior sale 67 shares September 1, 2026; reported value $1,090.76
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.
Restricted Stock Vesting financial
"09/30/2026 | Restricted Stock Vesting"
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.
attorney-in-fact legal
"as attorney-in-fact for Michael Chen"
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

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

How many NEGG shares did Michael Chen plan to sell?

Michael Chen's notice lists an intended sale of 67 common shares, with an approximate market value of $884.40 and an approximate sale date of October 1, 2026, through Fidelity Brokerage Services LLC.

What prior NEGG share sales does Michael Chen's notice list?

The notice lists sales of 67 shares on July 1, August 3 and September 1, 2026. Their reported values were $1,097.46, $853.58 and $1,090.76, respectively.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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