Director & 10% Owner Fred Faching Chang Sells $3.7M in Newegg Shares
NEGG has more than doubled off its 52-week low of $4.7 on elevated volume (1.8× avg).
Summary
Director and 10% owner Fred Faching Chang sold $3.7 million of Newegg Commerce shares in open market transactions from May 4 to May 18, 2026.
Key Events · Ownership and Investor Activity · NEGG
-
Significant Insider Sale
Fred Faching Chang, a Director and 10% owner, disposed of 152,787 shares of Newegg Commerce, Inc. stock.
-
Total Transaction Value
The total value of the shares sold was $3,703,835, representing approximately 0.86% of the company's market capitalization.
-
Sales Over Multiple Days
The transactions occurred across 11 separate sales between May 4, 2026, and May 18, 2026, with prices ranging from $19.66 to $32.29 per share.
-
Indirect Ownership
The shares were sold indirectly through Tekhill USA LLC, an entity controlled by the reporting person.
Analysis · NEGG · Trade & Services
Fred Faching Chang, a Director and 10% owner, sold $3.7 million worth of Newegg shares over multiple transactions. This significant sale, representing approximately 0.86% of the company's market capitalization, follows recent positive financial results reported by Newegg and a prior Form 144 filing indicating an intent to sell. While the sales occurred at prices generally higher than the current stock price, a substantial reduction in stake by a key insider can be viewed negatively by the market, especially after positive news.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NEGG was trading at $20.57 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $431.4M. The 52-week trading range was $4.70 to $137.84. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.