SCHEDULE: Galkin Family Increases Stake in Newegg Commerce to 16.4%

Vladimir and Angelica Galkin have significantly increased their beneficial ownership in Newegg Commerce, Inc., now holding 16.4% of the common shares.

Summary

• Vladimir Galkin and Angelica Galkin, as reporting persons, jointly beneficially own 3,194,576 shares of Newegg Commerce, Inc. Common Stock.
• This represents approximately 16.4% of the Issuer's outstanding common shares, 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 used their own investment capital to purchase an additional 972,354 shares.
• Total cost to acquire 3,355,850 shares was approximately $54,677,376.
• Proceeds from the sale of 161,274 shares amounted to approximately $2,387,051.
• All transactions within the past 60 days were open market purchases and sales, with prices ranging from $5.10 to $47.16 per share for purchases and $(14.44) to $(15.55) per share for sales.

Sentiment

Score: 7

Explanation: The increased stake by the Galkins, particularly the shift from margin to investment capital, suggests a positive long-term view from these significant shareholders, which can be interpreted favorably by the market.

Positives

• Increased beneficial ownership by Vladimir and Angelica Galkin to 16.4% may signal strong confidence in Newegg Commerce, Inc.'s future.
• The transfer of shares from a margin account to a joint investment account, funded by the Galkins' own investment capital, indicates a shift towards a more stable, long-term holding strategy.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the Issuer's business or financial performance. It focuses solely on the beneficial ownership and transaction history of the reporting persons.

Industry Context

This filing is a routine disclosure of significant beneficial ownership changes by an individual investor, not directly related to broader industry trends or competitive dynamics of Newegg Commerce, Inc.'s sector.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal of confidence in the company's prospects.
• The shift from margin-funded positions to investment capital-funded positions could be seen as a more stable and committed investment by the reporting persons.

Key Dates

Keywords

Newegg Commerce, Beneficial Ownership, Schedule 13D, Insider Ownership, Stock Purchases, Vladimir Galkin, Angelica Galkin, Common Shares