SCHEDULE 13G/A: Galkin Family Discloses 6.3% Stake in Newegg Commerce, Inc. via Revocable Trust
Beneficial Ownership Disclosure
Vladimir Galkin, Angelica Galkin, and the Angelica Galkin Revocable Trust have jointly disclosed beneficial ownership of 6.3% of Newegg Commerce, Inc.'s common shares.
Summary
- Vladimir Galkin, Angelica Galkin, and the Angelica Galkin Revocable Trust have filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Newegg Commerce, Inc.
- The reporting persons collectively beneficially own 1,222,222 common shares of Newegg Commerce, Inc.
- This ownership represents 6.3% of the Issuer's common stock, based on 19,478,394 shares outstanding as of December 31, 2024.
- The shares are held by the Angelica Galkin Revocable Trust, dated April 21, 2018, where Angelica Galkin serves as the sole trustee and beneficiary.
- Both Vladimir Galkin and Angelica Galkin, who are husband and wife, share voting and dispositive power over these 1,222,222 shares.
- The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing disclosing beneficial ownership and does not contain information that would significantly alter sentiment, as it is a factual, non-eventful disclosure.
Positives
- The disclosure indicates a significant, non-activist ownership stake by individuals, which can sometimes signal long-term confidence in the company.
Future Outlook
This document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a routine disclosure of a significant ownership stake in Newegg Commerce, Inc., an e-commerce company. It does not provide insights into broader industry trends but rather details the ownership structure of a specific entity within the e-commerce sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant individual/family ownership, confirming a non-activist stake.
Key Dates
| Date | Description |
|---|---|
| April 21, 2018 | Date the Angelica Revocable Trust was established. |
| December 31, 2024 | Date for which the number of outstanding common shares (19,478,394) of Newegg Commerce, Inc. was reported in the Issuer's Annual Report on Form 20-F. |
| April 28, 2025 | Date Newegg Commerce, Inc. filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the SEC. |
| June 17, 2025 | Date of event which required the filing of this statement. |
| June 18, 2025 | Date of filing of the Schedule 13G/A and the Joint Filing Agreement. |
Keywords
Newegg Commerce Inc., NEGG, Schedule 13G, beneficial ownership, institutional ownership, Galkin, common shares, SEC filing, e-commerce
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