SCHEDULE: Galkins Boost Newegg Stake to 17.9%

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 17.9% through recent open market purchases.

Summary

• Vladimir and Angelica Galkin (Reporting Persons) jointly beneficially own 3,666,666 shares of Newegg Commerce, Inc. Common Stock.
• This represents approximately 17.9% of the Issuer's outstanding Common Stock, based on 20,478,394 shares outstanding as of August 19, 2025.
• The Galkins have shared voting and dispositive power over all these shares.
• Initially, the Galkin Revocable Trust purchased 2,222,222 shares using cash from its capital account and margin account borrowings.
• On July 10, 2025, these 2,222,222 shares were transferred from the Galkin Revocable Trust to a joint account held by Vladimir and Angelica Galkin.
• Subsequently, the Galkins used their own investment capital to purchase an additional 1,444,444 shares.
• Total acquisition cost for 3,899,051 shares was approximately $77,136,861.
• They also received approximately $2,387,051 from the sale of 161,274 shares, resulting in a net ownership of 3,666,666 shares.
• The positions held in the Galkins' joint account are not held in a margin account or pledged as collateral security.
• All transactions during the past 60 days were open market purchases, with prices ranging from $28.00 to $104.72 per share.

Sentiment

Score: 8

Explanation: The substantial increase in beneficial ownership by key individuals, funded by their own capital and not pledged, signals strong insider confidence and a positive long-term outlook for Newegg Commerce, Inc.

Positives

• Significant increase in beneficial ownership by key individuals (Vladimir and Angelica Galkin) to 17.9%, indicating strong confidence in the company's future.
• Recent purchases were made using the Galkins' own investment capital, and these shares are not held in a margin account or pledged as collateral, suggesting a long-term, unencumbered commitment.
• Consistent open market purchases over the past 60 days, even at varying price points, demonstrate continued conviction in Newegg Commerce, Inc.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership filing.

Industry Context

This filing primarily concerns changes in individual beneficial ownership and does not provide direct insights into broader industry trends or competitive landscape for Newegg Commerce, Inc. However, significant insider buying can be interpreted as a positive signal for the company's future prospects within its industry.

Comparison to Industry Standards

• This filing is a disclosure of beneficial ownership and does not contain information suitable for comparison to industry-specific operational or financial benchmarks. It reflects an individual investment decision rather than company performance against peers.

Stakeholder Impact

• Shareholders: Increased insider ownership can boost investor confidence, signaling that those closest to the company believe in its future value.

Key Dates

Recommendation

The significant increase in beneficial ownership by Vladimir and Angelica Galkin to 17.9% of Newegg Commerce, Inc., coupled with the use of their own investment capital for recent purchases and the absence of margin or pledges, indicates a very strong vote of confidence from insiders. This level of commitment, especially through open market purchases across a range of prices, suggests a belief in substantial future value appreciation. For a seasoned investor, this insider buying activity is a compelling signal to consider a strong buy position, as it aligns with the principle that insiders buy when they believe the stock is undervalued or poised for growth.

Keywords

Newegg Commerce, NEGG, Schedule 13D, beneficial ownership, insider buying, stock purchases, equity stake, Vladimir Galkin, Angelica Galkin, e-commerce