Fred Faching Chang, a director and 10% owner of Newegg Commerce, Inc. (NASDAQ:NEGG), filed a Form 4 on October 28, 2026, disclosing the sale of 7,164 common shares across two consecutive trading days through an entity he controls.

Key Highlights

  • Two-day disposal: 3,582 common shares were sold on October 26, 2026, at a weighted average price of $9.49 per share, and another 3,582 shares were sold on October 27, 2026, at a weighted average price of $9.686 per share.
  • Price ranges disclosed: The October 26 sales occurred at prices ranging from $9.40 to $9.65; the October 27 sales ranged from $9.33 to $9.99, according to the filing's footnotes.
  • Selling entity: Both disposals were made indirectly through Tekhill USA LLC, of which Chang is identified as the sole member and manager.
  • Remaining indirect stake via Tekhill: Following the two transactions, Chang's indirect beneficial ownership through Tekhill USA LLC stood at 2,847,253 common shares, according to the filing.
  • Additional holdings: The filing also reports 450,000 common shares held indirectly through Nabal Spring, LLC, and 407,927 shares held directly, with Chang identified as sole member and manager of Nabal Spring, LLC as well.
  • Reporting person's role: Chang is identified in the filing as both a director and a 10% owner of Newegg Commerce, Inc.

Chang's October 2026 Share Disposals Through Tekhill USA LLC

According to the Form 4 filed with the SEC on October 28, 2026, Fred Faching Chang disposed of a combined 7,164 common shares of Newegg Commerce, Inc. over two trading sessions. The first block of 3,582 shares was sold on October 26, 2026, at a weighted average price of $9.49, with individual transaction prices ranging from $9.40 to $9.65. The filing notes that Chang undertakes to provide full per-price detail upon request to the issuer, any security holder, or SEC staff.

The second block of 3,582 shares was sold on October 27, 2026, at a weighted average price of $9.686, with individual prices ranging from $9.33 to $9.99. Both sets of sales were coded "S" in the filing, indicating open-market or privately negotiated sales under the standard transaction codes. All shares were disposed of indirectly through Tekhill USA LLC, a limited liability company for which Chang serves as sole member and manager.

Newegg Commerce, Inc. operates as an online retailer focused primarily on technology products, components, and consumer electronics, with shares listed on NASDAQ under the symbol NEGG. The filing reflects no transactions in Table II, meaning no derivative securities were acquired or disposed of in connection with these reported events. After the two reported sales, Tekhill USA LLC held 2,847,253 Newegg common shares, while Chang's separately reported holdings include 450,000 shares through Nabal Spring, LLC and 407,927 shares held directly in his own name.

What Was Disclosed

The Form 4 filed October 28, 2026, discloses that director and 10% owner Fred Faching Chang, acting through Tekhill USA LLC, sold 7,164 Newegg Commerce common shares on October 26 and 27, 2026, at weighted average prices of $9.49 and $9.686 respectively, leaving combined indirect and direct holdings across three ownership structures.