Newegg (NASDAQ: NEGG) CLO Michael Chen sells small stock lot under 10b5-1 plan

Rhea-AI Filing Summary

Newegg Commerce, Inc. Chief Legal Officer Michael Chen reported an open-market sale of common stock. He sold 67 shares at a price of $18.18 per share in a transaction dated June 1, 2026, effected under a Rule 10b5-1 trading plan. After this sale, he holds 2,388 shares of Newegg common stock directly.

Insider Trade Summary 10b5-1

Net Seller: 67 shares ($1,218)

Net Sell 1 txn

Insider Chen Michael

Role Chief Legal Officer

Sold 67 shs ($1K)

Type	Security	Shares	Price	Value
Sale	Common Stock	67	$18.18	$1K

Holdings After Transaction: Common Stock — 2,388 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 67 shares Sale price: $18.18 per share Shares held after: 2,388 shares

3 metrics

Shares sold 67 shares Open-market sale of Newegg common stock on June 1, 2026

Sale price $18.18 per share Price received for each share sold in the transaction

Shares held after 2,388 shares Direct Newegg common stock holdings following the sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, Form 4

3 terms

Rule 10b5-1 trading plan regulatory

"Sale effected pursuant to a Rule 10b5-1 trading plan."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chen Michael

(Last) (First) (Middle)

21688 GATEWAY CENTER DRIVE, SUITE 300

(Street)

DIAMOND BAR CALIFORNIA 91765

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Newegg Commerce, Inc. [ NEGG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		S(1)		67	D	$18.18	2,388	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Sale effected pursuant to a Rule 10b5-1 trading plan.

	/s/ Michael Chen	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Newegg (NEGG) report for Michael Chen?

Newegg reported that Chief Legal Officer Michael Chen sold 67 shares of common stock. The sale was an open-market transaction at $18.18 per share and was executed under a pre-established Rule 10b5-1 trading plan.

How many Newegg (NEGG) shares did Michael Chen sell and at what price?

Michael Chen sold 67 shares of Newegg common stock at $18.18 per share. This was a relatively small open-market sale executed pursuant to a Rule 10b5-1 trading plan disclosed in the filing.

How many Newegg (NEGG) shares does Michael Chen hold after this transaction?

After the reported sale, Michael Chen directly holds 2,388 shares of Newegg common stock. This post-transaction holding reflects his remaining direct ownership position as disclosed in the Form 4 insider trading report.

Was Michael Chen’s Newegg (NEGG) stock sale under a Rule 10b5-1 plan?

Yes. The Form 4 footnote states the sale was effected pursuant to a Rule 10b5-1 trading plan. Such plans pre-schedule trades, indicating the timing of this sale was set in advance rather than decided on the transaction date.

What type of transaction did Michael Chen report in Newegg (NEGG) stock?

He reported an open-market sale of Newegg common stock, coded as "S" on Form 4. The transaction covered 67 shares at $18.18 per share and is classified as a non-derivative common stock transaction.