Newegg director sells 27,164 shares near $14
Newegg Commerce, Inc. (NEGG) insider Fred Faching Chang, a director and ten percent owner, reported indirect sales of common shares held through Tekhill USA LLC.
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) insider Fred Faching Chang, a director and ten percent owner, reported indirect sales of common shares held through Tekhill USA LLC. Tekhill sold 3,582 common shares at a weighted average price of $14.486 per share and 23,582 common shares at a weighted average price of $13.38 per share, both in multiple transactions over price ranges described in the filing. After these transactions, Chang reports holding 450,000 common shares indirectly through Nabal Spring, LLC and 407,927 common shares directly. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 27,164 shares
Net Sell
4 txns
Insider
CHANG FRED FACHING
Role
Director, 10% Owner
Sold
27,164 shs ($367K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F3 | 3,582 | $14.486 | $52K |
| Sale | Common Shares F2, F3 | 23,582 | $13.38 | $316K |
| holding | Common Shares F3 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 2,999,631 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 $14.755 to $14.23. 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 $14.42 to $13.14. 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 (first transaction): 3,582 shares
Weighted average sale price (first transaction): $14.486 per share
Shares sold (second transaction): 23,582 shares
+4 more
7 metrics
Shares sold (first transaction)
3,582 shares
Indirect sale of Newegg Commerce common shares by Tekhill USA LLC
Weighted average sale price (first transaction)
$14.486 per share
3,582-share indirect sale in multiple trades, prices $14.755–$14.23
Shares sold (second transaction)
23,582 shares
Indirect sale of Newegg Commerce common shares by Tekhill USA LLC
Weighted average sale price (second transaction)
$13.38 per share
23,582-share indirect sale in multiple trades, prices $14.42–$13.14
Total shares sold
27,164 shares
Combined indirect sales reported in this Form 4
Indirect holdings via Nabal Spring, LLC
450,000 shares
Common shares of Newegg Commerce held indirectly after transactions
Direct holdings
407,927 shares
Common shares of Newegg Commerce held directly after transactions
Key Terms
weighted average price, ten percent owner, indirect, Rule 10b5-1
4 terms
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 regulatory
"Fred Faching Chang is reported as a director and ten percent owner"
indirect financial
"Indirect sale of Newegg Commerce common shares by Tekhill USA LLC"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
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?
Fred Faching Chang reported two indirect sales of Newegg Commerce, Inc. common shares through Tekhill USA LLC, totaling 27,164 shares, executed at weighted average prices of $14.486 and $13.38 per share across multiple trades in stated price ranges.
What Newegg Commerce (NEGG) holdings does Fred Faching Chang report after these sales?
After the reported sales, Fred Faching Chang reports holding 450,000 Newegg Commerce common shares indirectly through Nabal Spring, LLC and 407,927 common shares directly. The Form 4 does not state Tekhill USA LLC’s remaining share balance.
Were the NEGG insider sales made under a Rule 10b5-1 trading plan?
The Form 4 indicates no Rule 10b5-1 trading plan is reported. The document-level checkbox for Rule 10b5-1 is not marked as affirming that the transactions were made under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
