SCHEDULE: Galkin Family Increases Stake in Newegg Commerce to 13.1%

Sentiment:

Beneficial Ownership Amendment 16 July 2025 12:49 PM

Vladimir and Angelica Galkin have significantly increased their beneficial ownership in Newegg Commerce, Inc., now holding 2,555,555 common shares, representing 13.1% of the company's outstanding stock.

Better than expectedThe reporting persons significantly increased their beneficial ownership from previous filings, indicating a stronger conviction in the company's value.The transfer of shares from a revocable trust to a joint account, and the subsequent purchases, demonstrate a consolidated and increased stake.The current holdings are explicitly stated as not being held in a margin account or pledged as collateral, suggesting a more stable and less leveraged position for the reporting persons' investment.

Summary

Vladimir Galkin and Angelica Galkin, as a married couple, jointly beneficially own 2,555,555 common shares of Newegg Commerce, Inc.
This ownership represents approximately 13.1% of Newegg Commerce, Inc.'s outstanding common stock, based on 19,478,394 shares outstanding as of December 31, 2024.
The shares were initially acquired by the Galkin Revocable Trust using cash and margin borrowings.
On July 10, 2025, the Galkin Revocable Trust transferred 2,222,222 shares to a joint account held by Vladimir and Angelica Galkin.
Subsequently, the Galkins purchased an additional 333,333 shares, bringing their aggregate ownership to 2,555,555 shares.
The total cost to acquire 2,716,829 shares was approximately $35,910,595, while $2,387,051 was received from the sale of 161,274 shares.
The shares currently held in the Galkins' joint account are not held in a margin account or pledged as collateral.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by the Galkins, coupled with the consolidation of shares into a non-margined joint account, indicates strong confidence in Newegg Commerce, Inc. from a major shareholder. This is generally viewed positively by the market as it suggests a belief in the company's long-term value.

Positives

Significant increase in beneficial ownership by key individuals (Vladimir and Angelica Galkin) to 13.1% of outstanding shares, indicating strong conviction in Newegg Commerce, Inc.
The Galkins' current holdings are not margined or pledged, suggesting a stable, long-term investment.

Negatives

The Galkin Revocable Trust previously used margin account borrowings for purchases, though current holdings are not margined.
Some shares were sold by the Galkin Revocable Trust, indicating some portfolio rebalancing or profit-taking.

Future Outlook

Industry Context

This filing reflects a significant increase in a major shareholder's stake in Newegg Commerce, Inc., an e-commerce company specializing in computer hardware and consumer electronics. While the filing itself does not provide broader industry trends, increased insider or significant shareholder ownership can signal confidence in the company's future prospects within its competitive e-commerce sector.

Stakeholder Impact

Increased beneficial ownership by Vladimir and Angelica Galkin may signal confidence to other shareholders and potential investors.
The consolidation of shares under direct joint ownership rather than a trust could simplify future decision-making regarding the stake.

Key Dates

Date	Description
2024-12-31	Date as of which 19,478,394 shares of Common Stock of the Issuer were outstanding, as reported in the Issuer's Annual Report on Form 20-F.
2025-04-28	Date Issuer's Annual Report on Form 20-F for the year ended December 31, 2024, was filed with the SEC.
2025-05-15	Earliest transaction date listed in Schedule A for Galkin Revocable Trust purchases.
2025-06-09	Date of sales transactions by Galkin Revocable Trust.
2025-07-01	Date of the Original Schedule 13D filing.
2025-07-10	Date the Galkin Revocable Trust transferred 2,222,222 shares of Common Stock to a joint account held by Vladimir Galkin and Angelica Galkin.
2025-07-14	Date of Amendment No. 2 to Schedule 13D and earliest transaction date listed in Schedule A for Vladimir & Angelica Galkin purchases.
2025-07-15	Date of Amendment No. 3 to Schedule 13D, date of event requiring this filing (Amendment No. 4), and latest transaction date listed in Schedule A for Vladimir & Angelica Galkin purchases.

Recommendation

buy

Keywords

Newegg Commerce, NEGG, Schedule 13D, Beneficial Ownership, Stock Acquisition, Insider Buying, Common Shares, SEC Filing, Investment, Shareholder Stake

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