Newegg (NASDAQ: NEGG) interim CFO exercises RSUs and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newegg Commerce interim CFO Christina Ching reported routine equity compensation activity involving restricted stock units. On May 6, 2026, 131 common shares were acquired through the conversion of RSUs, and 48 shares were withheld to satisfy her tax withholding obligation rather than sold on the market.
Following these transactions, Ching directly owned 3,533 shares of common stock and 640 RSUs. The RSUs stem from a prior 6,250-unit award, of which 5,348 vested before she became a Section 16 officer. The remaining 902 RSUs 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 | $31.85 | $4K |
| Tax Withholding | Common Stock | 48 | $31.85 | $2K |
Holdings After Transaction:
Restricted Stock Unit — 640 shares (Direct, null);
Common Stock — 3,533 shares (Direct, null)
Footnotes (1)
- Shares withheld to satisfy tax withholding obligation of the reporting person. 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
Key Figures
RSU shares converted: 131 shares
Shares withheld for taxes: 48 shares
Common shares held after: 3,533 shares
+5 more
8 metrics
RSU shares converted
131 shares
Common stock acquired via RSU conversion on May 6, 2026
Shares withheld for taxes
48 shares
Withheld to satisfy tax withholding obligation on May 6, 2026
Common shares held after
3,533 shares
Direct Newegg common stock holding following Form 4 transactions
RSUs outstanding after
640 RSUs
Restricted stock units remaining after the reported vesting
Total RSU award
6,250 RSUs
Original restricted stock unit grant described in footnotes
Previously vested RSUs
5,348 RSUs
Vested before Ching became a Section 16 officer
Unvested RSUs
902 RSUs
Remain to vest in equal monthly installments
Final vesting date
September 6, 2026
Date when remaining RSUs are scheduled to be fully vested
Key Terms
Restricted Stock Unit, tax withholding obligation, Section 16 officer, derivative exercise/conversion, +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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transactions did Newegg (NEGG) interim CFO Christina Ching report?
Christina Ching reported RSU-related activity on May 6, 2026. She acquired 131 Newegg common shares through RSU conversion, and 48 shares were withheld to cover tax obligations. These were compensation-related, not open‑market purchases or sales.
What is the size and vesting schedule of Christina Ching’s Newegg (NEGG) RSU award?
The award totals 6,250 restricted stock units. Of these, 5,348 vested before she became a Section 16 officer. The remaining 902 RSUs vest in equal monthly installments until fully vested on September 6, 2026, subject to continued service.
How many Newegg (NEGG) RSUs remain unvested for interim CFO Christina Ching?
Christina Ching has 902 unvested Newegg restricted stock units. These RSUs are scheduled to vest in equal monthly installments, with the final tranche vesting on September 6, 2026, according to the award’s existing vesting terms.
What does the tax withholding transaction mean in Newegg (NEGG) interim CFO’s Form 4?
The tax withholding disposition reflects 48 Newegg shares withheld by the company to pay Ching’s tax obligation on vested RSUs. This mechanism satisfies payroll taxes without her executing an open‑market sale of shares.