Who actually executed the Newegg Commerce (NEGG) share sales reported for Fred Faching Chang?

The sales were executed by Tekhill USA LLC, an entity for which Fred Faching Chang is the sole member and manager. The filing classifies these as indirect holdings and transactions, with Tekhill selling Common Shares in open-market trades on two consecutive days.

Newegg director reports open-market share sales

Newegg Commerce, Inc. director and ten percent owner Fred Faching Chang reported open-market sales of Common Shares through Tekhill USA LLC.

Filing Impact

(Very High)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Newegg Commerce, Inc. director and ten percent owner Fred Faching Chang reported open-market sales of Common Shares through Tekhill USA LLC. Tekhill sold 20,000 shares on May 21, 2026 at a weighted average price of $19.40 per share and 10,000 shares on May 22, 2026 at a weighted average price of $20.139 per share, in multiple trades within disclosed price ranges. Following these sales, Tekhill USA LLC held 3,176,646 Common Shares indirectly, while separate holding entries show 407,927 shares held directly and 450,000 shares held indirectly via Nabal Spring, LLC.

Insider Trade Summary

Net Seller: 30,000 shares

Net Sell 4 txns

Insider CHANG FRED FACHING

Role Director, 10% Owner

Sold 30,000 shs ($589K)

Type	Security	Shares	Price	Value
Sale	Common Shares	10,000	$20.139	$201K
Sale	Common Shares	20,000	$19.40	$388K
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 3,176,646 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 $20.55 to $18.81. 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 $20.53 to $19.71. 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

Shares sold May 21, 2026: 20,000 shares Price May 21, 2026: $19.40/share Shares sold May 22, 2026: 10,000 shares +5 more

8 metrics

Shares sold May 21, 2026 20,000 shares Open-market sale at weighted average price $19.40

Price May 21, 2026 $19.40/share Weighted average sale price for 20,000 shares

Shares sold May 22, 2026 10,000 shares Open-market sale at weighted average price $20.139

Price May 22, 2026 $20.139/share Weighted average sale price for 10,000 shares

Tekhill USA LLC holdings 3,176,646 shares Indirect Common Shares following May 22, 2026 sale

Direct holdings 407,927 shares Common Shares held directly as of May 21, 2026 entry

Nabal Spring, LLC holdings 450,000 shares Common Shares held indirectly via Nabal Spring, LLC

Total shares sold 30,000 shares Aggregate of two open-market sales by Tekhill USA LLC

Key Terms

open-market sale, weighted average price, indirect ownership, ten percent 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

""direct_or_indirect": "I", "ownership_type": "indirect""

ten percent owner financial

""is_ten_percent_owner": 1"

Common Shares financial

""security_title": "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Newegg Commerce (NEGG) report for Fred Faching Chang?

Newegg Commerce reported that entities associated with director and ten percent owner Fred Faching Chang sold 30,000 Common Shares in open-market transactions. The sales were executed through Tekhill USA LLC over two days at weighted average prices near $19–$20 per share.

How many Newegg Commerce (NEGG) shares were sold in the latest Form 4?

The Form 4 shows Tekhill USA LLC, associated with Fred Faching Chang, sold a total of 30,000 Newegg Commerce Common Shares. The sales occurred in two tranches: 20,000 shares on May 21, 2026 and 10,000 shares on May 22, 2026.

At what prices were the Newegg Commerce (NEGG) shares sold in this filing?

The reported weighted average prices were $19.40 per share for 20,000 shares sold on May 21, 2026 and $20.139 per share for 10,000 shares sold on May 22, 2026. Footnotes state these occurred in multiple trades within specified price ranges.

How many Newegg Commerce (NEGG) shares does Fred Faching Chang hold after the reported sales?

After the sales, Tekhill USA LLC held 3,176,646 Common Shares indirectly. Separate holding entries in the filing also show 407,927 shares held directly and 450,000 shares held indirectly via Nabal Spring, LLC, providing additional context on Chang’s overall reported positions.

What do the Form 4 footnotes reveal about the Newegg Commerce (NEGG) insider trades?

The footnotes state that reported prices are weighted averages for multiple trades within ranges, and that Fred Faching Chang is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC. They also offer to provide full trade breakdowns upon request to regulators or shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/27/2026 - 06:09 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHANG FRED FACHING

(Last)

(First)

(Middle)

21688 GATEWAY CENTER DR., SUITE 300

(Street)

DIAMOND BAR

CALIFORNIA

91765

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Newegg Commerce, Inc. [ NEGG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/21/2026		S		20,000	D	$19.4⁽¹⁾	3,186,646	I	By Tekhill USA LLC⁽³⁾
Common Shares	05/22/2026		S		10,000	D	$20.139⁽²⁾	3,176,646	I	By Tekhill USA LLC⁽³⁾
Common Shares								450,000	I	By Nabal Spring, LLC⁽³⁾
Common Shares								407,927	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.55 to $18.81. 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.

2. This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.53 to $19.71. 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.

3. The Reporting Person is the sole member and manager of Tekhill USA LLC and Nabal Spring, LLC.

	/s/ Alison M. Pear, Attorney-In-Fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR