SCHEDULE: Galkin Family Boosts Newegg Stake to 17.2%

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 17.2% of outstanding common shares.

Summary

• Vladimir and Angelica Galkin, as Reporting Persons, now beneficially own 3,520,000 common shares of Newegg Commerce, Inc.
• This represents approximately 17.2% of the Issuer's 20,478,394 outstanding common shares as of August 19, 2025.
• The Galkin Revocable Trust initially purchased 2,222,222 shares using cash and margin, then transferred them to a joint account held by Vladimir and Angelica Galkin on July 10, 2025.
• Subsequently, the Galkins used their own investment capital to acquire an additional 1,288,889 shares.
• The total cost for acquiring 3,681,274 shares was approximately $71,698,757, with $2,387,051 received from the sale of 161,274 shares, resulting in a net ownership of 3,520,000 shares.
• The shares currently held in the Galkins' joint account are not held in a margin account or pledged as collateral.

Sentiment

Score: 7

Explanation: The significant increase in beneficial ownership by the Galkin family, particularly with shares now held outside of margin accounts, suggests strong conviction in Newegg's value proposition. This is generally viewed positively by the market as it aligns insider interests with shareholder value.

Positives

• A significant increase in beneficial ownership by the Galkin family demonstrates strong conviction in Newegg Commerce, Inc.
• The Galkins' current holdings are not on margin, indicating a more stable, long-term investment posture.
• Continued accumulation of shares even as the price per share increased suggests confidence in future appreciation.

Negatives

• The average purchase price for the Galkins' recent acquisitions (July-August 2025) was significantly higher than the initial purchases by the Galkin Revocable Trust (June-July 2025), indicating a higher cost basis for a substantial portion of their stake.

Risks

• No specific risks related to the company's operations or financial health are mentioned, as this filing primarily concerns beneficial ownership disclosure.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The filing does not contain any notable quotes or paraphrased statements from company management.

Industry Context

This filing indicates a significant increase in a major shareholder's stake in Newegg Commerce, Inc., an e-commerce company. Such an increase by an individual investor can signal strong confidence in the company's long-term prospects, potentially reflecting a belief in its competitive position within the online retail sector or its ability to capitalize on evolving consumer trends.

Comparison to Industry Standards

• This filing is a disclosure of beneficial ownership and does not contain information that allows for a direct comparison of Newegg's operational results or financial performance against industry benchmarks or specific competitors. The focus is on the Galkin family's investment activity rather than the company's competitive standing.

Related Party Transactions

• The transfer of 2,222,222 shares from the Galkin Revocable Trust to a joint account held by Vladimir Galkin and Angelica Galkin is an internal transaction among the reporting persons, not a related party transaction with the Issuer.

Stakeholder Impact

• Shareholders: The increased stake by a significant individual investor could be perceived as a vote of confidence, potentially influencing market sentiment positively.
• Company Management: A large, concentrated ownership stake could lead to increased shareholder engagement or influence on strategic decisions.

Next Steps

• The filing does not mention any specific future actions, events, or milestones for the company or the reporting persons beyond the ongoing ownership disclosure requirements.

Key Dates

Recommendation

While the increased stake by the Galkin family signals strong conviction and is a positive indicator, this filing primarily details ownership changes rather than providing new fundamental insights into Newegg's operational performance or strategic direction. The significant increase in purchase prices over the period also suggests a higher cost basis for the Galkins, which could imply less immediate upside from their perspective. Investors should hold and await further operational updates from Newegg to make a more informed decision.

Keywords

Newegg Commerce, NEGG, Vladimir Galkin, Angelica Galkin, Schedule 13D, beneficial ownership, common shares, stock purchase, insider buying, e-commerce