Newegg director sells 39,414 shares at $16.50–17
A director and ten percent owner of NEGG disclosed indirect open-market share sales through affiliated entities and reported remaining indirect holdings.
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) director and ten percent owner He Zhitao reported indirect sales of common shares on September 3, 2026. Entities associated with him, including Digital Grid (Hong Kong) Technology Co., Limited, sold 39,149 shares at a weighted average $16.50 (in multiple trades between $16.50 and $16.69) and 265 shares at $17.00 in open-market or private transactions. He is also reported as beneficially owning 2,946 common shares held indirectly through Hyperfinite Galaxy Holding Limited. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 39,414 shares
Net Sell
3 txns
Insider
He Zhitao
Role
Director, 10% Owner
Sold
39,414 shs ($650K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F3 | 39,149 | $16.50 | $646K |
| Sale | Common Shares F2, F3 | 265 | $17.00 | $5K |
| holding | Common Shares F4 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 11,101,665 shares (Indirect, By Digital Grid (Hong Kong) Technology Co., Limited);
Common Shares — 2,946 shares (Indirect, By Hyperfinite Galaxy Holding Limited)
Footnotes (4)
- F1. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.50 to $16.69. 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. These shares were sold in multiple transactions at the price of $17.00. 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 in each transaction.
- F3. These shares are held directly by Digital Grid (Hong Kong) Technology Co., Limited ("Digital Grid"). The Reporting Person may be deemed to beneficially own these shares through Hangzhou Lianluo Interactive Information Technology Co., Ltd.'s ("Hangzhou Lianluo") 100% ownership of Digital Grid and the Reporting Person's control of Hangzhou Lianluo.
- F4. These shares are held directly by Hyperfinite Galaxy Holding Limited ("Hyperfinite"). The Reporting Person may be deemed to beneficially own these shares through his 100% ownership of Hyperfinite.
Key Figures
Shares sold at weighted average price: 39,149 shares
Weighted average sale price range: $16.50–$16.69 per share
Additional shares sold: 265 shares at $17.00 per share
+2 more
5 metrics
Shares sold at weighted average price
39,149 shares
Indirect sale of NEGG common shares on September 3, 2026 via Digital Grid
Weighted average sale price range
$16.50–$16.69 per share
Price range for the 39,149 indirectly sold NEGG shares
Additional shares sold
265 shares at $17.00 per share
Separate indirect sale on September 3, 2026 via Digital Grid
Total shares sold
39,414 shares
Aggregate of both indirect sale transactions reported in the Form 4
Indirect holdings via Hyperfinite
2,946 shares
Common shares of NEGG held indirectly through Hyperfinite Galaxy Holding Limited
Key Terms
weighted average price, beneficially own, indirect, open market or private transaction
4 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.
beneficially own financial
"The Reporting Person may be deemed to beneficially own these shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
indirect financial
"These shares are held directly by Digital Grid ... beneficially own these shares"
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
What insider transactions did NEGG director and 10% owner He Zhitao report?
He reported indirect sales of 39,149 common shares at a weighted average price of $16.50 and 265 common shares at $17.00 on September 3, 2026, executed as open-market or private transactions through Digital Grid (Hong Kong) Technology Co., Limited.
Were the NEGG insider sales under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that these transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
