SCHEDULE: Galkin Family Boosts Newegg Commerce Stake to 14.3%

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 14.3% of outstanding common shares, now holding 2,777,777 shares.

Summary

• Vladimir and Angelica Galkin, as Reporting Persons, beneficially own 2,777,777 common shares of Newegg Commerce, Inc.
• This represents approximately 14.3% of the Issuer's outstanding common shares, based on 19,478,394 shares outstanding as of December 31, 2024.
• The Galkin Revocable Trust initially purchased 2,222,222 shares using cash and margin borrowings.
• On July 10, 2025, the Galkin Revocable Trust transferred all 2,222,222 shares to a joint account held by Vladimir and Angelica Galkin.
• Subsequently, the Galkins purchased an additional 555,555 shares, bringing their aggregate ownership to 2,777,777 shares.
• The shares held in the Galkins' joint account are not held in a margin account or pledged as collateral.
• Approximately $42,308,367 was paid to acquire a total of 2,939,051 shares, while $2,387,051 was received from the sale of 161,274 shares.
• All transactions by the Reporting Persons within the past 60 days were effected in the open market.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by key individuals, coupled with the move of shares out of a margin account into a direct, unpledged holding, indicates strong confidence and a long-term commitment to Newegg Commerce, Inc. by these investors.

Positives

• Increased beneficial ownership by key individuals (Vladimir and Angelica Galkin) suggests confidence in the company.
• The shares held in the Galkins' joint account are not pledged as collateral, indicating a more stable holding.

Negatives

• The Galkin Revocable Trust previously used margin account borrowings for purchases, which can introduce financial risk.
• The Galkin Revocable Trust also sold 161,274 shares, although this was offset by significant purchases.

Risks

• The initial use of margin accounts by the Galkin Revocable Trust for share purchases could have exposed the trust to market volatility and potential margin calls.

Future Outlook

NA

Industry Context

This filing details a significant increase in beneficial ownership by individual investors in Newegg Commerce, Inc., an e-commerce company. While the filing itself does not provide broader industry trends, increased insider or significant individual investor stakes can sometimes signal confidence in the company's position within its competitive e-commerce landscape.

Stakeholder Impact

• Shareholders: The increased stake by significant individual investors could be viewed positively, signaling confidence in the company's future prospects.
• Company Management: Increased ownership by a significant shareholder could lead to more active engagement or influence on corporate strategy.

Key Dates

Recommendation

Keywords

Newegg Commerce, SEC filing, Schedule 13D, beneficial ownership, common shares, stock purchase, stock sale, insider ownership, Galkin Vladimir, Galkin Angelica