[144] Newegg Commerce, Inc. SEC Filing

Rhea-AI Filing Summary

Newegg Commerce, Inc. (NEGG) Form 144 notifies the proposed sale of 150 shares of common stock via Fidelity Brokerage Services with an aggregate market value of $9,630, planned for 08/27/2025 on NASDAQ. The filing shows those 150 shares were acquired on 08/27/2025 by exercise of an option granted on 06/15/2020 and payment is indicated as cash. The filer also discloses a series of prior common-stock sales by Yong Feng Hou during August 2025, including a large sale of 37,609 shares on 08/25/2025 for $3,219,848.36, and multiple smaller sales totaling tens of thousands of dollars across other August dates. The notice includes the standard signature representation that the seller is not aware of undisclosed material adverse information.

Positive

• Regulatory compliance: The filer provided a Rule 144 notice with specific dates, amounts, and broker details, meeting disclosure requirements.
• Transparency on prior sales: The filing lists multiple recent sales by Yong Feng Hou with dates and gross proceeds, enabling investor visibility into insider transactions.

Negative

• Substantial insider sale: A single sale of 37,609 shares on 08/25/2025 generated $3,219,848.36, which is material in absolute terms and increases share supply.
• No trading-plan context provided: The filing does not state a Rule 10b5-1 plan adoption date, so the rationale and preclearance status of the sales are unclear.

Insights

Securities Analyst

TL;DR Insider reported scheduled and recent open-market sales, including a single large transaction of 37,609 shares worth $3.22M.

The Form 144 documents a planned sale of 150 shares by exercise of stock options and a sequence of recent dispositions by Yong Feng Hou in August 2025. The largest disclosed sale, 37,609 shares on 08/25/2025 for $3,219,848.36, is material in absolute dollar terms and may affect free float and short-term supply. The filing itself is routine regulatory disclosure under Rule 144; it confirms compliance and provides transparent timing and amounts but does not include issuer financials or motives for sale.

Corporate Governance Expert

TL;DR Multiple insider sales disclosed; filing meets Rule 144 notice requirements but does not explain rationale or relationship details.

The submission shows the seller relied on standard Rule 144 mechanics: an option exercise dated 06/15/2020 produced 150 shares listed for sale on 08/27/2025, and numerous other sales by the same individual are itemized with dates and proceeds. From a governance perspective, disclosure is complete for these transactions but the form lacks context such as any trading plan adoption date or whether sales were part of a prearranged plan. That absence limits interpretation of whether trades were routine liquidity events or signal management sentiment.

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	9630.00	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			150	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

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
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/18/2025	150	16498.50
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/19/2025	150	15283.50
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/20/2025	150	13200.00
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/21/2025	150	17604.00
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/22/2025	150	19962.00
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/25/2025	37609	3219848.36
Yong Feng Hou 21688 Gateway Center Drive Suite 300 Diamond Bar CA 91765	Common	08/26/2025	150	11955.00

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

What does Newegg's (NEGG) Form 144 filed here disclose?

It discloses a proposed sale of 150 common shares08/27/2025 valued at $9,630 and lists prior August 2025 sales by Yong Feng Hou with dates and gross proceeds.

Who conducted the recent insider sales reported in the filing?

The filing lists Yong Feng Hou as the seller for multiple August 2025 transactions, including a sale of 37,609 shares on 08/25/2025 for $3,219,848.36.

Were the 150 shares to be sold acquired by purchase or option exercise?

The 150 shares were acquired by option exercise with the option granted on 06/15/2020 and acquisition dated 08/27/2025; payment is listed as cash.

Does the Form 144 state the seller adopted a 10b5-1 trading plan?

No. The filing does not provide a date of plan adoption or indicate reliance on a Rule 10b5-1 trading plan.

Which broker is handling the proposed 150-share sale?

The broker is Fidelity Brokerage Services LLC, address shown as 900 Salem Street, Smithfield, RI 02917, and the planned exchange is NASDAQ.