Newegg director sells 7,164 shares around $14
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) director and ten percent owner Fred Faching Chang reported indirect open-market sales totaling 7,164 common shares through Tekhill USA LLC at weighted-average prices of $13.54 and $13.79, in each case executed in multiple transactions within stated price ranges.
After these sales, reported holdings include 450,000 common shares held indirectly through Nabal Spring, LLC and 407,927 common shares held directly. The filing states the transactions were not made 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
- None.
Insider Trade Summary
Net Seller: 7,164 shares
Net Sell
4 txns
Insider
CHANG FRED FACHING
Role
Director, 10% Owner
Sold
7,164 shs ($98K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F3 | 3,582 | $13.544 | $49K |
| Sale | Common Shares F2, F3 | 3,582 | $13.792 | $49K |
| holding | Common Shares F3 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 2,940,385 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 $13.87 to $13.06. 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.
- F2. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.14 to $13.33. 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 indirectly: 7,164 shares
First weighted-average sale price: $13.544 per share
Second weighted-average sale price: $13.792 per share
+3 more
6 metrics
Shares sold indirectly
7,164 shares
Total Newegg common shares sold through Tekhill USA LLC
First weighted-average sale price
$13.544 per share
3,582 shares sold in multiple trades between $13.87 and $13.06
Second weighted-average sale price
$13.792 per share
3,582 shares sold in multiple trades between $14.14 and $13.33
Indirect holdings after transactions
450,000 shares
Newegg common shares held indirectly through Nabal Spring, LLC
Direct holdings after transactions
407,927 shares
Newegg common shares held directly by Fred Faching Chang
Combined reported holdings after transactions
857,927 shares
Sum of direct and reported indirect Newegg common share positions
Key Terms
weighted average price, multiple transactions, sole member and manager
3 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.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging"
sole member and manager other
"The Reporting Person is the sole member and manager of Tekhill"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did NEGG report for Fred Faching Chang in this Form 4?
The filing reports that 7,164 Newegg common shares were sold indirectly through Tekhill USA LLC in open-market transactions at weighted-average prices around the $13–$14 range, while Chang remained a director and ten percent owner.
Are the reported NEGG prices exact trade prices or averages?
The per-share prices reported are weighted average prices. Footnotes state the shares were sold in multiple transactions within price ranges, and detailed trade-level prices and volumes are available from the reporting person upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
