SCHEDULE: Galkins Boost Newegg Stake to 17.7%

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 17.7% of outstanding common shares, holding 3,444,443 shares.

Summary

• Vladimir and Angelica Galkin now beneficially own 3,444,443 common shares of Newegg Commerce, Inc.
• This represents approximately 17.7% of Newegg's outstanding common shares, based on 19,478,394 shares outstanding as of December 31, 2024.
• The Galkins acquired these shares through a combination of purchases by the Galkin Revocable Trust (which later transferred 2,222,222 shares to their joint account on July 10, 2025) and direct purchases by the Galkins.
• Approximately $65,053,090 was paid to acquire 3,605,717 shares, while $2,387,051 was received from the sale of 161,274 shares, resulting in a net ownership of 3,444,443 shares.
• The shares are held in a joint account and are not held in a margin account or pledged as collateral security.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by the Galkins, reaching 17.7% of outstanding shares, indicates strong confidence from a major individual investor. The shift from margin-funded holdings to direct investment further strengthens this positive sentiment.

Positives

• Significant increase in beneficial ownership by Vladimir and Angelica Galkin, demonstrating strong conviction in Newegg Commerce, Inc.
• The Galkins' aggregate ownership of 17.7% makes them a substantial shareholder, potentially aligning their interests closely with other shareholders.
• The shares are now held directly by the Galkins in a joint account and are not pledged as collateral, indicating a more stable and committed holding.

Negatives

• The Galkin Revocable Trust sold 161,274 shares on July 9, 2025, which could indicate some profit-taking or portfolio rebalancing, though the overall net position increased significantly.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Potentially positive due to increased insider alignment and confidence in the company's future.
• Management: May experience increased scrutiny or support from a significant and growing shareholder.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Vladimir and Angelica Galkin to 17.7% of Newegg Commerce, Inc. common shares signals strong conviction from a major individual investor. This significant insider accumulation, especially with the shift from margin-funded positions to direct investment, suggests a belief in the company's long-term value and could be interpreted as a bullish signal for the stock.

Keywords

Newegg Commerce Inc, NEGG, Schedule 13D, beneficial ownership, insider ownership, stock acquisition, common shares, Vladimir Galkin, Angelica Galkin