Newegg (NEGG) director trims stake as Tekhill USA LLC sells 152,787 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newegg Commerce, Inc. director and ten percent owner Fred Faching Chang reported a series of open-market sales of the company’s common shares made through Tekhill USA LLC. Across 11 transactions from May 5–18, 2026, Tekhill sold a total of 152,787 common shares.
The trades were executed at weighted-average prices ranging from $19.662 to $32.293 per share, with footnotes noting detailed price ranges between $18.81 and $34.50 per share for the individual executions. Following these sales, Tekhill still held 3,246,646 common shares indirectly for Chang, and the filing also lists separate direct holdings and additional indirect holdings through Nabal Spring, LLC.
Positive
- None.
Negative
- None.
Insights
Insider sells 152,787 Newegg shares but retains a large position.
The filing shows Tekhill USA LLC, solely managed by director and ten percent owner Fred Faching Chang, executed 11 open-market sales totaling 152,787 Newegg common shares between May 5 and May 18, 2026. All trades are straightforward open-market dispositions coded “S”.
After these sales, Tekhill still holds 3,246,646 common shares for Chang, and the report also shows direct holdings and another indirect block via Nabal Spring, LLC. Given the remaining stake and lack of related derivatives activity, this appears as portfolio trimming rather than a change in overall exposure.
Footnotes clarify that reported prices are weighted averages with actual executions within specified ranges, from $18.81 up to $34.50 per share, indicating the shares were sold into a volatile trading range over the disclosed dates.
Insider Trade Summary
Net Seller: 152,787 shares ($3,703,835)
Net Sell
13 txns
Insider
CHANG FRED FACHING
Role
null
Sold
152,787 shs ($3.70M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 20,000 | $19.662 | $393K |
| Sale | Common Shares | 20,000 | $20.869 | $417K |
| Sale | Common Shares | 20,000 | $22.519 | $450K |
| Sale | Common Shares | 20,000 | $23.049 | $461K |
| Sale | Common Shares | 20,000 | $23.66 | $473K |
| Sale | Common Shares | 6,944 | $25.414 | $176K |
| Sale | Common Shares | 20,000 | $26.253 | $525K |
| Sale | Common Shares | 6,483 | $30.252 | $196K |
| Sale | Common Shares | 703 | $32.293 | $23K |
| Sale | Common Shares | 3,657 | $30.097 | $110K |
| Sale | Common Shares | 15,000 | $31.882 | $478K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 3,246,646 shares (Indirect, By Tekhill USA LLC);
Common Shares — 407,927 shares (Direct, null)
Footnotes (1)
- This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.50 to $30.55. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.50 to $30.00. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.68 to $31.00. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.20 to $29.20. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.95 to $25.01. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.60 to $24.30. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.99 to $22.82. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.12 to $22.36. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.54 to $22.13. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.88 to $20.06. 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. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.03 to $18.81. 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. The Reporting Person is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC.
Key Figures
Total shares sold: 152,787 shares
Post-sale Tekhill holdings: 3,246,646 shares
Highest weighted-average sale price: $32.293/share
+3 more
6 metrics
Total shares sold
152,787 shares
Net open-market sales between May 5–18, 2026
Post-sale Tekhill holdings
3,246,646 shares
Common shares indirectly held after transactions
Highest weighted-average sale price
$32.293/share
Open-market sale on May 6, 2026
Lowest weighted-average sale price
$19.662/share
Open-market sale on May 18, 2026
Largest single-day sale size
20,000 shares
Multiple trading days including May 8, 11–15, 2026
Smallest reported sale
703 shares
Open-market sale on May 6, 2026
Key Terms
open-market sale, weighted average price, ten percent owner, indirect ownership, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
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.
ten percent owner financial
"is_ten_percent_owner": 1"
indirect ownership financial
"ownership_type": "indirect""
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What type of transactions are shown in this Newegg (NEGG) Form 4 for Fred Faching Chang?
The filing shows non-derivative open-market sales of Newegg common shares, coded as transaction type “S”. There are no derivative exercises or tax-withholding entries; the transaction summary characterizes the net activity as a net-sell of 152,787 shares over the reported dates.