Newegg (NEGG) interim CFO logs RSU exercises, tax withholding corrections
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newegg Commerce interim CFO Christina Ching reported routine equity compensation updates rather than open-market trading. She exercised 131 Restricted Stock Units into Common Stock at $14.72 per share and had 48 shares withheld to cover tax obligations. The filing also corrects prior reports to include 131 shares that vested on March 6, 2026 and 131 shares that vested on April 6, 2026, along with related tax-withholding adjustments. Separately, she holds an award of 6,250 Restricted Stock Units, of which 902 are scheduled to vest in equal monthly installments until fully vested on September 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
131 shares exercised/converted
Mixed
3 txns
Insider
Ching Christina
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 131 | $0.00 | -- |
| Exercise | Common Stock | 131 | $14.72 | $2K |
| Tax Withholding | Common Stock | 48 | $14.72 | $706.56 |
Holdings After Transaction:
Restricted Stock Unit — 247 shares (Direct, null);
Common Stock — 3,865 shares (Direct, null)
Footnotes (1)
- Represents a correction to include (i) 131 shares that vested on March 6, 2026 and were distributed on March 23, 2026, and (ii) 131 shares that vested and were distributed on April 6, 2026, which were inadvertently omitted from the Reporting Person's previously reported beneficial ownership. Shares withheld to satisfy tax withholding obligation of the reporting person. Represents a correction to exclude 48 shares withheld for tax purposes in connection with each of the March 23, 2026 and April 6, 2026 distributions. Represents an award of 6,250 restricted stock units ('RSUs'). 5,348 RSUs vested prior to the Reporting Person becoming a Section 16 officer. The remaining 902 RSUs vest in equal monthly installments until fully vested on September 6, 2026. N/A The number reflects a correction to reduce the Reporting Person's RSU balance by 131 shares to account for the vesting of Restricted Stock Units on March 6, 2026, as referenced in footnote (1), which reduction had not previously been reflected in the Reporting Person's beneficial ownership of Restricted Stock Units.
Key Figures
RSUs exercised: 131 shares
Exercise price: $14.72 per share
Tax withholding shares: 48 shares
+5 more
8 metrics
RSUs exercised
131 shares
Restricted Stock Units converted into Common Stock at $14.72
Exercise price
$14.72 per share
Common Stock received from RSU vesting
Tax withholding shares
48 shares
Shares withheld to satisfy tax obligation
RSU award size
6,250 RSUs
Total Restricted Stock Unit award referenced in footnotes
Previously vested RSUs
5,348 RSUs
Vested before becoming a Section 16 officer
Unvested RSUs
902 RSUs
Vest monthly until fully vested on September 6, 2026
March 2026 vested shares
131 shares
Vested March 6, 2026 and distributed March 23, 2026
April 2026 vested shares
131 shares
Vested and distributed on April 6, 2026
Key Terms
Restricted Stock Unit, tax withholding obligation, Section 16 officer, beneficial ownership, +1 more
5 terms
Restricted Stock Unit financial
"Represents an award of 6,250 restricted stock units ('RSUs')."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligation financial
"Shares withheld to satisfy tax withholding obligation of the reporting person."
Section 16 officer regulatory
"5,348 RSUs vested prior to the Reporting Person becoming a Section 16 officer."
A Section 16 officer is a corporate executive who, under U.S. securities law, must publicly report their purchases and sales of the company’s stock and is subject to rules that can force them to return short-term trading profits. Think of them as an insider required to keep a public trading log so investors can see when executives are buying or selling; that transparency helps investors assess management’s confidence and reduces the risk of undisclosed insider trading.
beneficial ownership financial
"inadvertently omitted from the Reporting Person's previously reported beneficial ownership."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Newegg (NEGG) interim CFO Christina Ching report?
Christina Ching reported exercising 131 Restricted Stock Units into Common Stock at $14.72 per share and a related withholding of 48 shares for taxes. The filing mainly corrects earlier beneficial-ownership reports by adding previously omitted vested shares and associated tax-withholding adjustments.
Were Christina Ching’s Newegg (NEGG) transactions open-market buys or sells?
The transactions were not open-market trades. They involved exercising 131 Restricted Stock Units into Common Stock and withholding 48 shares to satisfy tax obligations. These are routine compensation and tax events rather than discretionary purchases or sales in the open market.
How many Restricted Stock Units has Christina Ching been awarded at Newegg (NEGG)?
She holds an award of 6,250 Restricted Stock Units. According to the filing, 5,348 RSUs vested before she became a Section 16 officer, while the remaining 902 RSUs vest in equal monthly installments until fully vested on September 6, 2026.
What corrections to prior Newegg (NEGG) insider reports does this filing make?
The filing corrects earlier reports by adding 131 shares that vested on March 6, 2026 and 131 shares that vested on April 6, 2026, previously omitted from reported beneficial ownership. It also adjusts for 48 shares withheld for taxes in connection with each related distribution.