Director and 10% owner Fred Faching Chang filed a Form 4 with the SEC on November 3, 2026, disclosing two open-market sales of Newegg Commerce, Inc. common shares totaling 7,164 shares on October 30 and November 2, 2026.

Key Highlights

  • First sale: 3,582 common shares were disposed of on October 30, 2026, at a weighted average price of $9.7682 per share, with individual transaction prices ranging from $9.57 to $10.06.
  • Second sale: 3,582 common shares were disposed of on November 2, 2026, at a weighted average price of $9.9192 per share, with individual transaction prices ranging from $9.54 to $10.47.
  • Post-transaction holdings via Tekhill USA LLC: 2,832,925 common shares held indirectly following the two reported transactions.
  • Additional indirect holdings: 450,000 common shares held indirectly through Nabal Spring, LLC.
  • Direct holdings: 407,927 common shares held directly by the reporting person.
  • Relationship to entities: According to the filing, Chang is the sole member and manager of both Tekhill USA LLC and Nabal Spring, LLC.

Chang's Sales of Newegg Common Shares: Transaction Details

Fred Faching Chang, identified in the filing as a director and 10% owner of Newegg Commerce, Inc. (NASDAQ:NEGG), reported two separate dispositions of common shares, both executed through Tekhill USA LLC, an entity in which he is the sole member and manager. The first transaction on October 30, 2026, involved 3,582 shares sold at a weighted average price of $9.7682, with the filing noting that actual sale prices ranged from $9.57 to $10.06 across multiple transactions. Following this sale, beneficial ownership through Tekhill USA LLC stood at 2,836,507 shares.

The second transaction, dated November 2, 2026, also involved 3,582 shares disposed of at a weighted average price of $9.9192, with individual sale prices ranging from $9.54 to $10.47. After this second sale, the filing reports beneficial ownership through Tekhill USA LLC at 2,832,925 shares. Both transactions are coded "S," indicating open-market sales. The filing states that the reporting person will provide full detail on the number of shares sold at each separate price within the stated ranges upon request by the issuer, any security holder, or SEC staff.

Beyond the Tekhill USA LLC holdings, the filing also reports 450,000 common shares held indirectly through Nabal Spring, LLC, another entity for which Chang is listed as sole member and manager, and 407,927 common shares held directly by Chang. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing disclosed two open-market sales of Newegg Commerce common shares by director and 10% owner Fred Faching Chang, totaling 7,164 shares sold on October 30 and November 2, 2026, through Tekhill USA LLC, at weighted average prices of $9.7682 and $9.9192 respectively.