Newegg director entity sells 20,000 shares
Newegg Commerce, Inc. director and 10% owner Fred Faching Chang reported indirect share sales through Tekhill USA LLC.
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Form Type
4
Rhea-AI Filing Summary
Newegg Commerce, Inc. director and 10% owner Fred Faching Chang reported indirect share sales through Tekhill USA LLC. Tekhill sold 10,000 common shares on May 28 at a weighted average price of $17.912 and another 10,000 shares on May 29 at a weighted average price of $17.506 in open-market transactions.
After these sales, Tekhill USA LLC held 3,136,646 common shares. The filing also shows 407,927 common shares held directly by Chang as of May 28 and 450,000 common shares held indirectly through Nabal Spring, LLC, indicating that the reported sales represent only a portion of his overall Newegg-related holdings.
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
4 txns
Insider
CHANG FRED FACHING
Role
Director, 10% Owner
Sold
20,000 shs ($354K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 10,000 | $17.506 | $175K |
| Sale | Common Shares | 10,000 | $17.912 | $179K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 3,136,646 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 $18.99 to $16.55. 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.
- F2. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.57 to $17.17. 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
Total shares sold: 20,000 shares
May 28 weighted average price: $17.912 per share
May 29 weighted average price: $17.506 per share
+3 more
6 metrics
Total shares sold
20,000 shares
Open-market sales on May 28–29, 2026
May 28 weighted average price
$17.912 per share
10,000 shares sold by Tekhill USA LLC
May 29 weighted average price
$17.506 per share
10,000 shares sold by Tekhill USA LLC
Tekhill holdings after sales
3,136,646 shares
Common shares held indirectly after May 29, 2026
Direct holdings
407,927 shares
Common shares held directly as of May 28, 2026
Nabal Spring holdings
450,000 shares
Common shares held indirectly via Nabal Spring, LLC
Key Terms
open-market sale, weighted average price, indirect ownership, 10% owner, +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."
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 ownership financial
"ownership_type": "indirect""
10% owner regulatory
"is_ten_percent_owner": 1"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Newegg (NEGG) report in this Form 4?
Newegg reported indirect insider sales of common shares. Tekhill USA LLC, an entity associated with director and 10% owner Fred Faching Chang, sold 20,000 Newegg common shares in two open-market transactions on May 28 and May 29, 2026, at weighted average prices above $17 per share.
What Newegg (NEGG) holdings remained after Tekhill USA LLC’s sales?
Tekhill USA LLC held 3,136,646 shares after the sales. The filing also shows 407,927 Newegg common shares held directly by Fred Faching Chang and 450,000 shares held indirectly through Nabal Spring, LLC, illustrating substantial remaining ownership despite the reported open-market sales.
Were the Newegg (NEGG) insider sales single trades or multiple transactions?
Each reported sale reflects multiple underlying trades. Footnotes state the prices are weighted averages, with shares sold in numerous transactions within ranges of $18.99–$16.55 and $18.57–$17.17. Detailed breakdowns are available from the reporting person upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
