Fred Faching Chang, a director and 10% owner of Newegg Commerce, Inc., filed a Form 4 on November 12, 2026, disclosing two sales of Newegg common shares on November 9 and November 10, 2026, executed under a Rule 10b5-1 trading plan.

Key Highlights

  • Two sales reported: Chang disposed of 3,582 common shares on November 9, 2026, at a weighted average price of $8.9156, and another 3,582 shares on November 10, 2026, at a weighted average price of $8.4838.
  • 10b5-1 plan in place: According to the filing, all sales of 3,582 shares made since September 1, 2026, have been made pursuant to a written plan adopted on May 21, 2026, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
  • Shares held via Tekhill USA LLC: Following the two transactions, Chang indirectly holds 2,811,433 common shares through Tekhill USA LLC, of which he is the sole member and manager.
  • Additional indirect and direct holdings: The filing also reports 450,000 common shares held indirectly through Nabal Spring, LLC, and 407,927 shares held directly by the reporting person.
  • Price ranges disclosed: The November 9 sales occurred at prices ranging from $8.57 to $9.43, and the November 10 sales occurred at prices ranging from $8.26 to $8.71, per footnotes in the filing.

Chang's November Transactions in Newegg Commerce Common Shares

Fred Faching Chang, identified in the filing as both a director and a 10% owner of Newegg Commerce, Inc. (NASDAQ:NEGG), an online retailer specializing in consumer electronics and technology products, reported the disposal of a total of 7,164 common shares across two trading days. The shares were sold from holdings held indirectly through Tekhill USA LLC, an entity for which Chang is the sole member and manager, as the filing states.

The November 9, 2026, transaction involved 3,582 shares disposed of at a weighted average price of $8.9156, with individual sale prices ranging from $8.57 to $9.43. The following day, November 10, 2026, an additional 3,582 shares were sold at a weighted average price of $8.4838, with individual prices ranging from $8.26 to $8.71. The filing notes that the reporting person will provide full per-price transaction detail to the issuer, any security holder, or SEC staff upon request.

All sales reported since September 1, 2026, including these transactions, were made under a written trading plan that Chang adopted on May 21, 2026, according to the filing. The plan is described as intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The Form 4 was signed by Alison M. Pear as attorney-in-fact and filed on November 12, 2026. Beyond the Tekhill USA LLC holdings, the filing also records 450,000 shares held indirectly through Nabal Spring, LLC, and 407,927 shares held directly.

What Was Disclosed

The Form 4 filed on November 12, 2026, by Fred Faching Chang discloses the sale of 7,164 Newegg Commerce common shares over two days under a pre-established Rule 10b5-1 plan, with post-transaction beneficial ownership reported across direct and two indirect holding entities.