SCHEDULE 13G/A: Galkin Family Discloses 8.1% Stake in Newegg Commerce, Inc. via Revocable Trust

Vladimir and Angelica Galkin, through the Angelica Galkin Revocable Trust, have disclosed a shared beneficial ownership of 8.1% of Newegg Commerce, Inc.'s common shares, totaling 1,579,051 shares.

Summary

• Vladimir Galkin, Angelica Galkin, and the Angelica Galkin Revocable Trust collectively report beneficial ownership of 1,579,051 common shares of Newegg Commerce, Inc.
• This represents 8.1% of the total outstanding common shares of Newegg Commerce, Inc.
• The shares are held by the Angelica Galkin Revocable Trust, dated April 21, 2018.
• Angelica Galkin is the sole trustee and beneficiary of the Galkin Revocable Trust.
• Both Vladimir Galkin and Angelica Galkin have shared voting and dispositive power over these 1,579,051 shares.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported ownership.
• The percentage of class is based on 19,478,394 shares outstanding as of December 31, 2024, as reported in Newegg's Annual Report on Form 20-F filed April 28, 2025.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing is a standard ownership disclosure, but a significant stake by individuals can be seen as a positive signal of confidence, though it's not an operational update.

Positives

• Significant ownership stake by individuals, potentially indicating long-term confidence in Newegg Commerce, Inc.
• The Galkin family's continued disclosure of their substantial holding provides transparency to the market.

Negatives

• No specific negative information is disclosed in this ownership filing.

Risks

• The filing itself does not detail risks related to Newegg Commerce, Inc.'s operations or financial health. It is a disclosure of beneficial ownership.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Newegg Commerce, Inc.'s future performance or strategic outlook.

Management Comments

• The document does not contain notable quotes or paraphrased statements from Newegg Commerce, Inc. management. It includes certifications from the reporting persons stating the shares were not acquired for the purpose of changing or influencing control of the issuer.

Industry Context

This filing is a routine disclosure of a significant ownership stake by individuals and a trust in an e-commerce company. It does not provide specific insights into broader industry trends or competitive dynamics within the e-commerce sector, beyond indicating continued investor interest in Newegg Commerce, Inc.

Comparison to Industry Standards

• This document is a beneficial ownership disclosure and does not contain financial results or operational metrics that can be directly compared to industry standards or specific comparable companies/projects. It simply reports a significant ownership percentage.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant ownership stake, which could be viewed positively as a sign of investor confidence.
• Management: Awareness of a large, non-activist shareholder group.

Next Steps

• The document does not outline any specific future actions, events, or milestones for Newegg Commerce, Inc. or the reporting persons beyond the ongoing beneficial ownership.

Key Dates

Keywords

Newegg Commerce Inc., NEGG, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Shares, Shareholder, SEC Filing, Galkin Vladimir, Galkin Angelica, Angelica Galkin Revocable Trust