Newegg director sells 52K shares around $13
A Newegg Commerce, Inc. director and ten percent owner reported indirect open-market share sales while retaining substantial direct and indirect holdings.
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) director and ten percent owner Fred Faching Chang reported indirect sales of Newegg common shares through Tekhill USA LLC. Tekhill USA LLC sold 23,582 common shares at a weighted average price of $13.18 per share, in multiple trades between $13.46 and $12.96, and 28,500 common shares at a weighted average price of $13.05 per share, in multiple trades between $13.50 and $12.90. Following these transactions, Chang reports holdings of 407,927 common shares directly and 450,000 common shares indirectly through Nabal Spring, LLC, where he is the sole member and manager. No Rule 10b5-1 trading plan is reported for these sales.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 52,082 shares
Net Sell
4 txns
Insider
CHANG FRED FACHING
Role
Director, 10% Owner
Sold
52,082 shs ($683K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F3 | 23,582 | $13.18 | $311K |
| Sale | Common Shares F2, F3 | 28,500 | $13.049 | $372K |
| holding | Common Shares F3 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 2,947,549 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 $13.46 to $12.96. 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 $13.5 to $12.9. 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
Shares sold via Tekhill USA LLC (first transaction): 23,582 shares
Weighted average price (first transaction): $13.18 per share
Shares sold via Tekhill USA LLC (second transaction): 28,500 shares
+4 more
7 metrics
Shares sold via Tekhill USA LLC (first transaction)
23,582 shares
Indirect sale of Newegg common shares at weighted average price
Weighted average price (first transaction)
$13.18 per share
Multiple trades between $13.46 and $12.96
Shares sold via Tekhill USA LLC (second transaction)
28,500 shares
Indirect sale of Newegg common shares at weighted average price
Weighted average price (second transaction)
$13.05 per share
Multiple trades between $13.50 and $12.90
Total shares sold
52,082 shares
Sum of both reported indirect sales through Tekhill USA LLC
Direct holdings after transactions
407,927 shares
Common shares held directly by Fred Faching Chang
Indirect holdings via Nabal Spring, LLC
450,000 shares
Common shares held indirectly, Chang as sole member and manager
Key Terms
weighted average price, indirect, ten percent owner, sole member and manager
4 terms
weighted average price financial
"This price reported is a weighted average price."
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 financial
"Indirect ownership of common shares by Tekhill USA LLC"
ten percent owner financial
"Reporting person is a director and ten percent owner of the issuer"
sole member and manager financial
"The Reporting Person is the sole member and manager of Tekhill USA LLC"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NEGG director Fred Faching Chang report on this Form 4?
He reported two indirect sales of Newegg common shares through Tekhill USA LLC, totaling 52,082 shares, executed at weighted average prices of $13.18 and $13.05 per share in multiple trades within disclosed price ranges.
Were the NEGG insider sales made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for these transactions; the related checkbox is not marked as being made under such a plan.
Are the reported NEGG sale prices single trades or averages?
The reported per-share prices are weighted average prices. Footnotes explain that each sale involved multiple transactions within specified price ranges and that detailed trade-level information is available upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
