SCHEDULE: Galkins Boost Newegg Stake to 18%

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 18.0% through recent open market purchases.

Summary

• Vladimir and Angelica Galkin now beneficially own 3,511,111 common shares of Newegg Commerce, Inc.
• This represents approximately 18.0% of the outstanding common shares, based on 19,478,394 shares outstanding as of December 31, 2024.
• The Galkin Revocable Trust initially purchased 2,222,222 shares using cash and margin, which were then transferred to a joint account held by Vladimir and Angelica Galkin on July 10, 2025.
• Subsequently, the Galkins used their own investment capital to purchase an additional 1,288,889 shares.
• Total funds paid to acquire 3,672,385 shares amounted to approximately $70,824,694.
• Proceeds from the sale of 161,274 shares totaled approximately $2,387,051.
• The shares held in the Galkins' joint account are not held in a margin account or pledged as collateral.

Sentiment

Score: 8

Explanation: The substantial increase in beneficial ownership by the Galkins, coupled with their continued purchases at rising prices, indicates strong investor confidence and a positive outlook on Newegg Commerce, Inc.'s valuation and future performance.

Positives

• Significant increase in beneficial ownership by key individuals (Vladimir and Angelica Galkin) to 18.0%, indicating strong conviction in the company's future.
• Recent purchases were made at increasing prices, with the latest reported purchase on August 15, 2025, at $104.72 per share, suggesting confidence in higher valuations.
• The Galkins' current holdings are not held in a margin account or pledged as collateral, reducing financial leverage risk on their personal holdings.

Future Outlook

The filing does not contain forward-looking statements or guidance from Newegg Commerce, Inc. It solely reports changes in beneficial ownership by specific individuals.

Industry Context

This filing indicates a significant increase in a concentrated ownership stake in Newegg Commerce, Inc., an e-commerce company specializing in technology retail. Such an increase by a substantial shareholder could signal a belief in the company's long-term value or potential for strategic changes, potentially impacting market perception within the competitive e-commerce landscape.

Comparison to Industry Standards

• The filing details an individual's increased stake, not company performance metrics, thus direct comparison to industry financial benchmarks like Amazon (AMZN), Best Buy (BBY), or JD.com (JD) is not applicable.
• However, a large individual stake of 18.0% is notable in publicly traded companies, often seen in smaller-cap firms or those undergoing strategic shifts, potentially signaling an activist investor or a highly confident long-term holder.

Related Party Transactions

• On July 10, 2025, the Galkin Revocable Trust transferred 2,222,222 shares of Common Stock to a joint account held by Vladimir Galkin and Angelica Galkin.

Stakeholder Impact

• Shareholders: The increased stake by a significant individual investor may be perceived positively, potentially signaling confidence and stability, which could influence investor sentiment.
• Management: A large, concentrated ownership stake could lead to increased shareholder engagement or influence on strategic decisions, though this filing does not indicate an activist stance.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Vladimir and Angelica Galkin to 18.0% of Newegg Commerce, Inc., coupled with their consistent purchases at escalating prices, including a recent transaction at $104.72 per share, signals a very strong conviction in the company's future growth and valuation. This aggressive accumulation by a significant insider suggests that the stock is undervalued at current levels and has substantial upside potential. The fact that their current holdings are not leveraged further reinforces the strength of their commitment. This is a highly bullish signal for long-term investors.

Keywords

Newegg Commerce, NEGG, Schedule 13D, Beneficial Ownership, Shareholder, Investment, E-commerce, Technology Retail