Newegg CEO converts 69K stock units, withholds shares
Newegg’s CEO converted performance stock units into common shares, with a portion of the new shares withheld to cover tax obligations.
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) reported that Chief Executive Officer and director Anthony Chow exercised performance-based equity on August 31, 2026. A total of 69,323 Performance Stock Units converted into an equal number of common shares at no exercise price, and 37,400 common shares were withheld to satisfy his tax withholding obligation at $17.68 per share. No Performance Stock Units remain directly held after this conversion, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
69,323 shares exercised/converted
Exercise
3 txns
Insider
Chow Anthony
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit F2, F3 | 69,323 | $0.00 | $0.00 |
| Exercise | Common Stock | 69,323 | $17.68 | $1.23M |
| Tax Withholding | Common Stock F1 | 37,400 | $17.68 | $661K |
Holdings After Transaction:
Performance Stock Unit — 0 contracts (Direct);
Common Stock — 120,160 shares (Direct)
Footnotes (3)
- F1. Shares withheld to satisfy tax withholding obligation of the reporting person.
- F2. Date on which the Company files its semiannual 6-K earnings release for 1H 2026.
- F3. N/A
Key Figures
Performance Stock Units converted: 69,323 units
Common shares received from conversion: 69,323 shares
Shares withheld for tax obligation: 37,400 shares
+3 more
6 metrics
Performance Stock Units converted
69,323 units
Converted into common stock on August 31, 2026
Common shares received from conversion
69,323 shares
Issued to the CEO upon Performance Stock Unit conversion
Shares withheld for tax obligation
37,400 shares
Common stock withheld to satisfy tax withholding obligation
Per-share value used for tax withholding
$17.68 per share
Applied to 37,400 withheld shares on August 31, 2026
Exercise price of Performance Stock Units
$0.00 per unit
Conversion of 69,323 Performance Stock Units into common stock
Performance Stock Units directly held after conversion
0 units
Reporting shows no remaining direct holdings of these units
Key Terms
Performance Stock Unit, tax withholding obligation, semiannual 6-K earnings release, Rule 10b5-1 trading plan
4 terms
Performance Stock Unit financial
"A total of 69,323 Performance Stock Units converted into an equal number of common shares"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax withholding obligation financial
"Shares withheld to satisfy tax withholding obligation of the reporting person"
semiannual 6-K earnings release regulatory
"Date on which the Company files its semiannual 6-K earnings release for 1H 2026"
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
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.
FAQ
What insider transaction did NEGG’s CEO Anthony Chow report on August 31, 2026?
Anthony Chow reported the conversion of 69,323 Performance Stock Units into an equal number of Newegg common shares on August 31, 2026, with part of the resulting stock used to cover his tax withholding obligation.
How many Newegg (NEGG) Performance Stock Units did the CEO convert into common stock?
The CEO converted 69,323 Performance Stock Units into 69,323 shares of common stock. The conversion carried an exercise price of $0.00 per unit, meaning no cash exercise price was paid for the equity conversion.
Did the Newegg (NEGG) CEO’s August 31, 2026 transactions occur under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for the reported August 31, 2026 transactions, so the exercise of Performance Stock Units and related tax-share withholding were not reported as being under a pre-arranged trading plan.
What happened to the CEO’s Performance Stock Units in the Newegg (NEGG) filing?
A block of 69,323 Performance Stock Units converted into Newegg common stock on August 31, 2026, leaving no such units directly held after the transaction, according to the post-transaction derivative holdings reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.