Newegg director amends filing after 13,582-share sale
Amended Form 4 adds Fred Faching Chang’s direct and Nabal Spring, LLC holdings and details a 13,582-share indirect sale.
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) insider Fred Faching Chang, a director and ten percent owner, filed an amended Form 4 to include previously omitted holdings. The filing reports an indirect sale of 13,582 common shares by Tekhill USA LLC at a weighted average price of $15.6164 per share, with individual trade prices ranging from $16.40 to $15.19. After this sale, Tekhill USA LLC held 3,060,105 common shares indirectly attributed to Chang, in addition to 450,000 shares held indirectly through Nabal Spring, LLC and 407,927 shares held directly by Chang. No transactions are reported under a Rule 10b5-1 trading plan, and Chang is the sole member and manager of both Tekhill USA LLC and Nabal Spring, LLC.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F2 | 13,582 | $15.6164 | $212K |
| holding | Common Shares F2 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (2)
- F1. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.40 to $15.19. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote
- F2. The Reporting Person is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC.
Key Figures
Key Terms
weighted average price financial
indirect financial
ten percent owner regulatory
Rule 10b5-1 trading plan regulatory
FAQ
What does the amended Form 4 for NEGG report about Fred Faching Chang?
What are Fred Faching Chang’s indirect NEGG holdings after the reported sale?
Was the NEGG insider sale made under a Rule 10b5-1 trading plan?
What correction does this amended Form 4 make for NEGG?
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