Newegg (NEGG) Insider Files Form 144 for 150,000 Shares; $15.15M Value

Rhea-AI Filing Summary

Form 144 notice for Newegg Commerce, Inc. (NEGG) shows a proposed sale of 150,000 shares of common stock through Fidelity Brokerage Services LLC with an aggregate market value of $15,148,500.00. The filing reports 19,478,394 shares outstanding and an approximate sale date of 08/25/2025. The securities are listed for sale on NASDAQ. The acquisition row states the securities were acquired by an option granted on 06/15/2020, with the filing indicating cash as the nature of payment. The form also records a sale of 150,000 shares on 08/22/2025 by Anthony Kin Chow with gross proceeds of $15,463,286.00. The filer attests no undisclosed material adverse information.

Positive

• Full broker and transaction details disclosed, including broker name, address, and exchange (NASDAQ).
• Aggregate proceeds and recent sale (08/22/2025 sale of 150,000 shares for $15,463,286.00) are explicitly reported, improving transparency.

Negative

• No information provided on remaining insider holdings or whether a trading plan (Rule 10b5-1) governs the sale.
• Filing does not state the seller's motivation or any post-sale share retention, limiting context for investors.

Insights

Securities/Fundamental Analyst

TL;DR: Insider-linked sale of 150,000 NEGG shares equal to a small percentage of outstanding shares; proceeds and dates are clearly disclosed.

The filing documents a proposed public sale of 150,000 common shares via Fidelity with an aggregate market value of $15.15 million and a listed sale date of 08/25/2025. Given the reported 19,478,394 shares outstanding, this block represents roughly 0.77% of outstanding shares, a relatively small dilution or supply increase in the float. The seller previously sold an identical block on 08/22/2025 generating $15.46 million, which suggests recent insider liquidity activity. The acquisition source is listed as an option granted 06/15/2020 and payment is noted as cash. For valuation or modeling, these disclosed proceeds and timing are concrete inputs but the filing does not provide motive or broader holdings.

Compliance / Corporate Governance Expert

TL;DR: Form 144 appears complete for Rule 144 notice requirements and contains the required attestations.

The notice includes required broker details, number of shares, aggregate value, exchange (NASDAQ), acquisition history (option granted 06/15/2020) and an attestation regarding undisclosed material information. A sale two business days earlier (08/22/2025) by Anthony Kin Chow is disclosed with gross proceeds, which helps meet aggregation and recent sales disclosure expectations. The filing includes a clear representation about trading-plan/status but does not state any 10b5-1 plan adoption date. From a governance perspective, the form meets Rule 144 disclosure elements but does not disclose broader insider intentions or remaining holdings.

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

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	150000	15148500.00	19478394	08/25/2025	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	08/25/2025	Option Granted - 06/15/2020	Issuer			150000	08/25/2025	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
Anthony Kin Chow 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/22/2025	150000	15463286.00

144: Remarks and Signature

Remarks

Date of Notice

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

What does the Form 144 for NEGG report?

The form reports a proposed sale of 150,000 NEGG common shares via Fidelity with an aggregate market value of $15,148,500.00 and an approximate sale date of 08/25/2025.

How many NEGG shares are outstanding per this filing?

The filing lists 19,478,394 shares outstanding.

Was there any recent sale related to this filing?

Yes. The filing records a sale on 08/22/2025 by Anthony Kin Chow of 150,000 shares for gross proceeds of $15,463,286.00.

How were the securities being sold acquired?

The securities are shown as acquired via an option granted on 06/15/2020, with the date of acquisition listed as 08/25/2025 and cash indicated as the nature of payment.

On which exchange will the sale occur?

The sale is scheduled to occur on NASDAQ.