SCHEDULE: Galkins Boost Newegg Stake to 19.1%

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 19.1% through recent open market purchases.

Summary

• Vladimir and Angelica Galkin jointly beneficially own 4,000,000 common shares of Newegg Commerce, Inc.
• This represents approximately 19.1% of the Issuer's outstanding common stock.
• The beneficial ownership percentage is based on 20,966,480 shares outstanding as of September 30, 2025, as reported by the Issuer on October 14, 2025.
• The Galkins acquired these shares through a combination of a transfer of 2,222,222 shares from the Galkin Revocable Trust to their joint account on July 10, 2025, and subsequent open market purchases using their own investment capital.
• Approximately $91,040,587 was paid to acquire 4,232,385 shares, with $2,387,051 received from the sale of 161,274 shares, resulting in a net ownership of 4,000,000 shares.
• Recent transactions in the past 60 days include multiple open market purchases, with prices ranging from $31.31 to $50.10 per share, culminating in a purchase of 96,946 shares at $44.44 on October 23, 2025.

Sentiment

Score: 7

Explanation: The increased stake by a significant individual investor, coupled with the shift from margin accounts to direct investment, suggests a strong positive conviction in the company's value and future prospects. The consistent purchases over the past 60 days further reinforce this positive sentiment.

Positives

• Increased stake by significant shareholders Vladimir and Angelica Galkin demonstrates confidence in Newegg Commerce, Inc.'s value and future prospects.
• The Galkins' current holdings are not held in a margin account or pledged as collateral, indicating a long-term, unencumbered investment approach.

Future Outlook

The filing does not contain any forward-looking statements or guidance from the company or the reporting persons regarding Newegg Commerce, Inc.'s future performance.

Industry Context

This filing reflects a significant individual investor's increased stake in an e-commerce company, Newegg Commerce, Inc. Such an increase by a substantial shareholder could signal perceived value or strategic interest in the company within the competitive e-commerce landscape, potentially indicating a belief in its long-term growth prospects or a response to recent market valuations.

Stakeholder Impact

• Shareholders: The increased ownership by Vladimir and Angelica Galkin could be viewed positively, signaling confidence from a significant investor and potentially stabilizing the stock price.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Vladimir and Angelica Galkin to 19.1% suggests strong conviction from a key investor. While this indicates a positive outlook from the Galkins, the filing itself does not provide new operational or financial data for Newegg Commerce, Inc. that would warrant a 'buy' or 'sell' recommendation. The consistent purchases by the Galkins, moving away from margin accounts, imply a long-term investment strategy. Therefore, a 'hold' recommendation is appropriate for existing investors, awaiting further company-specific performance updates, while new investors might consider this a positive signal for further due diligence.

Keywords

Newegg Commerce, NEGG, Schedule 13D, Beneficial Ownership, Vladimir Galkin, Angelica Galkin, Stock Purchase, Investment, E-commerce