NEWEGG Insider Fred Chang Sells $511,000 in Shares Over Three Days
A Form 4 shows Newegg's Fred Chang sold 30,746 common shares between September 1 and 3 at prices from $15.87 to $16.77.
Newegg Commerce (NEGG) disclosed in a Form 4 filed with the Securities and Exchange Commission that reporting person Fred Faching Chang sold a combined 30,746 common shares on the open market over three consecutive trading days at the start of September. The combined value of the transactions comes to roughly $511,072.
The first sale, dated September 1, covered 3,582 shares at $15.873 apiece, leaving 3,100,851 shares held afterwards. The largest tranche followed on September 2, when 23,582 shares changed hands at $16.77, reducing the position to 3,077,269 shares.
A third disposal on September 3 involved another 3,582 shares at $16.40, bringing the reported holding down to 3,073,687 common shares. All three lines carry transaction code S, which the filing describes as an open-market sale, as opposed to code P for an open-market purchase.
The filing distinguishes these sales from codes A, M and F, which cover grants, option exercises and tax withholding and are characterised as routine compensation events. The September transactions are therefore genuine dispositions rather than administrative entries tied to equity awards.
Even after the three sales, Chang retains well over three million shares, so the disposals represent under one percent of the stake reported at the start of the period. The Form 4 gives no stated reason for the timing of the trades and does not indicate whether they were made under a pre-arranged trading plan.
This is a factual summary of a public filing or press release, not investment advice. Verify all figures against the source before acting on them.
