SCHEDULE: Galkins Boost Newegg Stake to 19.3% in Latest Filing

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 19.3% through recent open market purchases.

Summary

• Vladimir and Angelica Galkin jointly beneficially own 4,041,540 shares of Newegg Commerce, Inc. Common Stock.
• This represents approximately 19.3% of the Issuer's outstanding shares, based on 20,966,480 shares outstanding as of September 30, 2025.
• The Galkins acquired an aggregate of 4,273,925 shares for approximately $94,294,991 and sold 161,274 shares for approximately $2,387,051.
• Recent purchases in the past 60 days (September 12, 2025, to November 6, 2025) include 442,540 shares at weighted-average prices ranging from $40.12 to $87.11 per share.
• 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 continued and significant open market purchases by Vladimir and Angelica Galkin, increasing their stake to 19.3%, suggest strong confidence in Newegg Commerce, Inc.'s future prospects. The fact that these shares are not held on margin further reinforces a long-term investment conviction.

Positives

• Significant increase in beneficial ownership by key individuals (Vladimir and Angelica Galkin) to 19.3%, indicating strong confidence in the company.
• Recent purchases were made at varying price points, including higher prices up to $87.11, suggesting a belief in continued appreciation.
• The shares are held directly in a joint account and are not subject to margin calls or pledges, reducing financial risk for the reporting persons.

Future Outlook

This filing does not contain forward-looking statements or guidance from the company or the reporting persons regarding the company's future performance.

Industry Context

This Schedule 13D filing primarily details changes in beneficial ownership by individual investors and does not provide specific insights into broader industry trends or competitive landscape for Newegg Commerce, Inc.

Stakeholder Impact

• Shareholders: The increased stake by significant individual investors may be viewed positively, signaling confidence in the company's value and future.
• Company Management: A large, concentrated ownership stake could influence corporate governance and strategic decisions.

Key Dates

Recommendation

While the significant and increasing insider ownership by the Galkins, now at 19.3%, signals strong confidence from these key individuals and could be interpreted as a positive indicator, a Schedule 13D filing primarily reports ownership changes and does not provide comprehensive financial or operational data to warrant a 'buy' or 'strong buy' recommendation. The recent purchases at higher price points suggest the Galkins see further upside, but without additional company-specific performance metrics, a 'hold' recommendation is prudent for a seasoned investor, acknowledging the positive insider sentiment while awaiting broader financial context.

Keywords

Newegg Commerce, NEGG, Schedule 13D, Beneficial Ownership, Insider Buying, Vladimir Galkin, Angelica Galkin, Common Stock, Shareholder Stake