SCHEDULE: Galkins Boost Newegg Stake to 19.0%

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 19.0% through recent open market purchases.

Summary

• Vladimir and Angelica Galkin jointly beneficially own 3,888,888 shares of Newegg Commerce, Inc. Common Stock.
• This represents approximately 19.0% of the Issuer's outstanding Common Stock, based on 20,478,394 shares outstanding as of August 19, 2025.
• The Galkins acquired an additional 1,666,666 shares using their own investment capital after an initial transfer of 2,222,222 shares from the Galkin Revocable Trust to their joint account on July 10, 2025.
• Recent transactions over the past 60 days, detailed in Schedule A, include multiple open market purchases, with the latest on October 9, 2025, for 78,888 shares at $49.10 per share.
• Approximately $86,101,860 was paid to acquire 4,121,273 shares of Common Stock, and $2,387,051 was received from the sale of 161,274 shares, resulting in the current net ownership of 3,888,888 shares.
• The shares are not held in a margin account or pledged as collateral security.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by Vladimir and Angelica Galkin to 19.0%, coupled with recent open market purchases using their own capital and not on margin, indicates strong confidence in Newegg Commerce, Inc. This is generally viewed as a positive signal by the market.

Positives

• Significant increase in beneficial ownership by Vladimir and Angelica Galkin to 19.0%, indicating strong conviction in Newegg Commerce, Inc.
• Recent purchases were made using the Galkins' own investment capital, and the shares are not held in a margin account or pledged as collateral, suggesting a stable, long-term investment.
• The Galkins have been consistently purchasing shares in the open market, even at varying price points, demonstrating continued interest.

Negatives

• The filing mentions sales of 161,274 shares for $2,387,051, which could imply some portfolio rebalancing or profit-taking at earlier stages, although recent detailed transactions are all purchases.
• Some purchases occurred at significantly higher prices (e.g., $104.72, $100.00, $95.55 in August) compared to later purchases (e.g., $31.31 in September), indicating a substantial decline in the stock price during the reporting period.

Risks

• No specific risks related to the company's operations or financial health are mentioned in this Schedule 13D/A filing; risks are inherent to the investment itself, such as market price fluctuations.

Future Outlook

No forward-looking statements or guidance are provided in this Schedule 13D/A filing.

Industry Context

This filing indicates a significant individual investor's increased confidence in Newegg Commerce, Inc. within the e-commerce or electronics retail sector. While not directly addressing broader industry trends, a substantial insider stake can be viewed as a positive signal, especially if the company operates in a competitive or evolving market.

Stakeholder Impact

• Shareholders: The increased stake by significant individual investors could be perceived positively, potentially boosting investor confidence.
• Company Management: A large, concentrated ownership stake by individuals could influence strategic decisions or corporate governance, though no specific intent is stated in this filing.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Vladimir and Angelica Galkin to 19.0% of Newegg Commerce, Inc., through consistent open market purchases, signals strong conviction from significant individual investors. Their use of personal investment capital, rather than margin, further underscores a long-term commitment. While the stock price has seen fluctuations, their continued accumulation, even at varying price points, suggests they see significant value. This insider buying activity, especially from a large holder, is often interpreted as a bullish indicator for the company's future prospects, making it a compelling "buy" signal for seasoned investors.

Keywords

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