[144] Newegg Commerce, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Newegg Commerce, Inc. (NEGG) shows a proposed sale of 150 common shares through Fidelity Brokerage Services, with an aggregate market value of $16,498.50 and an approximate sale date of 08/18/2025. The filing records the acquisition date as 08/18/2025 under an option granted 06/15/2020 and indicates cash payment. The filer has sold multiple blocks of common shares earlier in August 2025: sales on 08/07, 08/08, 08/11–08/15 totaling seven transactions by Yong Feng Hou. The filing includes the number of shares outstanding reported as 19,478,394, which places the proposed 150-share sale as a very small fraction of outstanding stock. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Filer provided full transaction details including broker, number of shares, aggregate market value, acquisition date, and payment method
• Multiple recent sales are disclosed (dates and proceeds listed), demonstrating transparency for Rule 144 compliance
• Selling block is small relative to reported outstanding shares (150 shares vs 19,478,394 outstanding), implying limited market impact

Negative

• Insider selling activity in early August 2025 may be viewed negatively by some investors as insider liquidation
• Issuer name and several filer fields are not populated within the form tables, reducing contextual clarity in the filing

Insights

Securities Analyst

TL;DR: Routine insider sale notice; small single-block sale compared with total shares outstanding, likely limited market impact.

The filing reports a proposed sale of 150 common shares via Fidelity with an aggregate market value of $16,498.50 and an approximate sale date of 08/18/2025. The securities were acquired under an option (granted 06/15/2020) and the payment method is cash. The filer also completed seven prior sales in August 2025 totaling multiple small blocks. With 19,478,394 shares outstanding, the 150-share block is immaterial in size, suggesting limited direct impact on float or liquidity. The disclosure follows Rule 144 mechanics and includes the standard attestation about no undisclosed material adverse information.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing routine insider disposition activity; governance disclosure appears complete for Rule 144 purposes.

The notice supplies required details: broker (Fidelity Brokerage Services LLC), number of shares to be sold (150), aggregate market value ($16,498.50), acquisition and grant dates, and a schedule of recent insider sales by the named seller (Yong Feng Hou) on multiple August 2025 dates. The form includes the mandatory signer representation regarding material nonpublic information. From a governance perspective, this is a standard filing that documents insider liquidity without indicating unusual procedural concerns or missing disclosures in the provided content.

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	150	16498.50	19478394	08/18/2025	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	08/18/2025	Option Granted 06/15/2020	Issuer			150	08/18/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/07/2025	450	25431.14
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/08/2025	150	9000.00
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/11/2025	150	11575.50
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/12/2025	150	11010.00
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/13/2025	150	11448.00
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/14/2025	150	16500.00
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/15/2025	150	17532.00

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)

FAQ

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

The notice proposes the sale of 150 common shares with an aggregate market value of $16,498.50.

When is the approximate sale date for the proposed NEGG transaction?

The approximate date of sale is listed as 08/18/2025.

Which broker is handling the proposed sale of NEGG shares?

The broker named is Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917.

How were the shares acquired that are being sold under Rule 144?

The shares were acquired via an option (granted 06/15/2020) with an acquisition date recorded as 08/18/2025 and the payment method is cash.

Has the filer sold other NEGG shares recently?

Yes. The filing lists seven prior sales by Yong Feng Hou on dates 08/07/2025 through 08/15/2025 in various amounts (e.g., 450 shares on 08/07/2025).