Michael Chen, Chief Legal Officer of Newegg Commerce, Inc., filed a Form 4 on November 3, 2026, disclosing three transactions in Newegg common stock between October 30 and November 2, 2026, including an RSU vesting, a tax withholding, and a Rule 10b5-1 plan sale.

Key Highlights

  • RSU vesting: 89 shares of common stock were acquired on October 30, 2026 (transaction code M) at a conversion price of $9.84, representing the final monthly installment of a 5,000-RSU award.
  • Tax withholding: 32 shares were disposed of on October 30, 2026 (transaction code F) at $9.84 per share to satisfy a tax withholding obligation.
  • 10b5-1 sale: 57 shares were sold on November 2, 2026 (transaction code S) at $10.09 per share pursuant to a Rule 10b5-1 trading plan.
  • Remaining ownership: Following all three transactions, Chen directly held 2,388 shares of common stock.
  • RSU award fully vested: According to the filing, the remaining RSUs vested in equal monthly installments until fully vested on October 31, 2026.

Chen's RSU Award Reaches Full Vesting as Final Shares Are Acquired and Partially Sold

Michael Chen, who serves as Chief Legal Officer of Newegg Commerce, Inc. (NASDAQ:NEGG), reported a sequence of transactions tied to the conclusion of a restricted stock unit award. According to the filing, the transactions stem from an original grant of 5,000 RSUs, of which 4,176 vested before Chen became a Section 16 reporting officer. The remaining RSUs vested in equal monthly installments, with the schedule completing on October 31, 2026.

On October 30, 2026, Chen acquired 89 shares through the vesting of the final RSU tranche (transaction code M) at a stated price of $9.84, bringing his direct holdings to 2,477 shares. On the same date, 32 shares were withheld (transaction code F) at $9.84 per share, which the filing identifies as shares withheld to satisfy a tax withholding obligation, reducing his holdings to 2,445 shares.

On November 2, 2026, Chen disposed of an additional 57 shares (transaction code S) at $10.09 per share. The filing states that this sale was effected pursuant to a Rule 10b5-1 trading plan. Following all reported transactions, Chen's direct beneficial ownership in Newegg common stock stood at 2,388 shares. The filing was signed by Michael Chen and dated November 3, 2026.

What Was Disclosed

The Form 4 discloses three transactions by Newegg Commerce's Chief Legal Officer between October 30 and November 2, 2026: the vesting of 89 RSUs, the withholding of 32 shares for taxes, and the Rule 10b5-1 plan sale of 57 shares at $10.09, leaving Chen with 2,388 shares directly held.