Fred Chang's 13D/A: Tekhill Sells 217,778 Newegg Shares, 19.8% Stake Remains
NEGG is trading near its 52-week low of $10.344 (5.3% above the low).
Summary
Fred Chang's Amendment No. 4 13D/A confirms Tekhill USA LLC sold 217,778 Newegg shares from August 1 to October 12, 2026, under right-of-first-refusal notices, leaving Chang with a 19.8% stake and a continuing overhang from potential further sales.
Key Events · Ownership and Investor Activity · NEGG
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Tekhill Sold 217,778 Shares
Tekhill USA LLC sold 217,778 Newegg shares in open-market transactions between August 1 and October 12, 2026, as reported on Form 4s and consolidated in this Amendment No. 4.
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ROFR Notices Open Sale Path
Between April and October 2026, Tekhill delivered right-of-first-refusal notices under the Amended and Restated Shareholders Agreement, allowing the shares to be sold on NASDAQ.
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Chang Retains 19.8% Stake
Fred Chang beneficially owns 4,145,400 shares, or 19.8% of the 20,973,423 shares outstanding as of May 26, 2026, including 397,236 options at a $23.72 strike.
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Sale Prices Declined Through October
Volume-weighted average sale prices fell from about $16.75 on September 2 to about $11.30 on October 12, 2026, based on the filing's transaction schedule.
Analysis · NEGG · Trade & Services
Fred Chang, a director and 10% owner, disclosed through Amendment No. 4 that his affiliate Tekhill USA LLC sold 217,778 Newegg shares between August 1 and October 12, 2026, and that Tekhill delivered right-of-first-refusal notices between April and October 2026 that open the door to further open-market sales. The sales were already visible in Form 4s and a Form 144, but this filing consolidates them and confirms the ROFR mechanism, meaning the overhang is structural rather than a one-off. The volume-weighted prices slid from about $16.75 on September 2 to about $11.30 on October 12, tracking the stock's decline, and Chang still controls 4,145,400 shares, or 19.8% of the class, so the selling is incremental rather than an exit. The 90-day insider tape shows $3.95M of open-market sales and zero buys, which is a distribution pattern investors should weigh against the company's recent return to profitability.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 32.5% of the 1962 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $10.90 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $228.5M. The 52-week trading range was $10.34 to $96.29. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.