Fred Faching Chang, a director and 10% owner of Newegg Commerce, Inc., filed a Form 4 on October 30, 2026, disclosing the sale of 7,164 common shares across two consecutive trading days through an entity he controls.

Key Highlights

  • Two-day disposal: Chang disposed of 3,582 common shares on October 28, 2026, at a weighted average price of $9.7786 per share, and 3,582 shares on October 29, 2026, at a weighted average price of $9.9129 per share.
  • Price ranges disclosed: The October 28 sales occurred at prices ranging from $9.53 to $10.065; the October 29 sales ranged from $9.72 to $10.125, according to the filing's footnotes.
  • Entity ownership: Both transactions were conducted indirectly through Tekhill USA LLC, of which Chang is identified as sole member and manager.
  • Remaining indirect holdings: Following the reported transactions, Chang beneficially owned 2,840,089 common shares through Tekhill USA LLC and 450,000 shares through Nabal Spring, LLC, according to the filing.
  • Direct holdings also reported: Chang also reported 407,927 common shares held directly, per the filing.
  • Dual role disclosed: The filing identifies Chang as both a director and a 10% owner of Newegg Commerce, Inc., listed on NASDAQ:NEGG.

Chang's October 2026 Share Disposals Through Tekhill USA LLC

According to the Form 4 filed October 30, 2026, Fred Faching Chang disposed of a combined 7,164 common shares of Newegg Commerce, Inc. (NASDAQ:NEGG) across two trading sessions. The shares were sold indirectly through Tekhill USA LLC, an entity the filing identifies Chang as sole member and manager of. Newegg Commerce is an online retailer that operates technology-focused e-commerce platforms serving consumers and businesses.

The October 28, 2026 transaction involved 3,582 shares disposed at a weighted average price of $9.7786, with individual transaction prices ranging from $9.53 to $10.065, as stated in the filing's footnotes. The following day, October 29, 2026, an equal number of shares, 3,582, were disposed at a weighted average price of $9.9129, with prices in that session ranging from $9.72 to $10.125. The filing notes that both reported prices are weighted averages and that full per-transaction detail is available upon request to the issuer, any security holder, or the SEC staff.

After these disposals, the filing reported that Chang's indirect stake through Tekhill USA LLC stood at 2,840,089 common shares, while his indirect holdings through Nabal Spring, LLC, another entity he is sole member and manager of, remained at 450,000 shares. Chang's directly held position was separately listed at 407,927 shares. The filing was signed by Alison M. Pear as attorney-in-fact on October 30, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing disclosed the sale of 7,164 Newegg Commerce common shares by director and 10% owner Fred Faching Chang on October 28 and 29, 2026, through Tekhill USA LLC, at weighted average prices of $9.7786 and $9.9129 respectively, with residual beneficial ownership totaling more than 3.6 million shares across direct and indirect accounts.