Newegg director Chang sells 35,000 shares
Newegg Commerce, Inc. director and ten percent owner Fred Faching Chang reported open-market sales of 35,000 common shares through Tekhill USA LLC over two days.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Newegg Commerce, Inc. director and ten percent owner Fred Faching Chang reported open-market sales of 35,000 common shares through Tekhill USA LLC over two days.
On April 30, Tekhill sold 20,000 shares at a weighted average price of $34.529. On May 1, it sold another 15,000 shares at a weighted average price of $33.938.
After these transactions, Tekhill holds 3,399,433 shares indirectly for Chang. He also reports 407,927 shares held directly and 450,000 shares held indirectly via Nabal Spring, LLC, so the sales represent a small portion of his overall reported position.
Insider Trade Summary
Net Seller: 35,000 shares
Net Sell
4 txns
Insider
CHANG FRED FACHING
Role
Director, 10% Owner
Sold
35,000 shs ($1.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 15,000 | $33.938 | $509K |
| Sale | Common Shares | 20,000 | $34.529 | $691K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 3,399,433 shares (Indirect, By Tekhill USA LLC);
Common Shares — 450,000 shares (Indirect, By Nabal Spring, LLC);
Common Shares — 407,927 shares (Direct)
Footnotes (3)
- F1. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.88 to $33.00. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.01 to $33.26. 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.
- F3. The Reporting Person is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC.
Key Figures
Total shares sold: 35,000 shares
April 30 sale size: 20,000 shares
April 30 weighted average price: $34.529 per share
+5 more
8 metrics
Total shares sold
35,000 shares
Open-market sales on April 30 and May 1, 2026
April 30 sale size
20,000 shares
Common shares sold indirectly via Tekhill USA LLC
April 30 weighted average price
$34.529 per share
Open-market sale of 20,000 common shares
May 1 sale size
15,000 shares
Common shares sold indirectly via Tekhill USA LLC
May 1 weighted average price
$33.938 per share
Open-market sale of 15,000 common shares
Tekhill post-sale holdings
3,399,433 shares
Indirect ownership reported after May 1, 2026 sale
Direct holdings
407,927 shares
Common shares held directly as of April 30, 2026
Nabal Spring, LLC holdings
450,000 shares
Common shares held indirectly via Nabal Spring, LLC
Key Terms
open-market sale, weighted average price, indirect ownership, ten percent owner, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common share transactions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"This price reported is a weighted average price. These shares were sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "By Tekhill USA LLC""
ten percent owner regulatory
"reporting person is marked as is_ten_percent_owner: 1"
Form 4 regulatory
"INSIDER FILING DATA (Form 4): transaction summary and holdings"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Fred Faching Chang report for Newegg Commerce (NEGG)?
Fred Faching Chang reported selling 35,000 Newegg Commerce common shares through Tekhill USA LLC in open-market trades. The sales occurred on April 30 and May 1, 2026, at weighted average prices around the mid-$30 range per share.
What are Fred Faching Chang’s remaining Newegg (NEGG) holdings after these Form 4 sales?
After the reported sales, Tekhill USA LLC holds 3,399,433 Newegg common shares indirectly for Fred Faching Chang. He also reports 407,927 shares held directly and 450,000 shares held indirectly through Nabal Spring, LLC, according to the Form 4 filing details.
Were the Newegg (NEGG) insider sales made directly by Fred Faching Chang?
The Form 4 shows the 35,000 Newegg shares were sold indirectly through Tekhill USA LLC, not from Chang’s direct account. The filing states he is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC, which hold the indirect positions.
What does the Form 4 say about how Newegg (NEGG) insider sale prices were calculated?
The Form 4 states the reported sale prices are weighted average prices for multiple trades. On each day, shares were sold in numerous transactions within specified price ranges, and detailed price-by-trade information is available from the reporting person upon request.
Is Fred Faching Chang considered a ten percent owner of Newegg Commerce (NEGG)?
Yes. The Form 4 identifies Fred Faching Chang as both a director and a ten percent owner of Newegg Commerce, Inc. This status requires him to report his direct and indirect transactions in the company’s securities to the SEC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
