SCHEDULE: Galkins Boost Newegg Stake to 20.5% with Recent Purchases

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 20.5% through recent open market purchases.

Summary

• Vladimir and Angelica Galkin jointly own 4,300,000 common shares of Newegg Commerce, Inc.
• This represents approximately 20.5% of the Issuer's outstanding common stock, based on 20,966,480 shares as of September 30, 2025.
• The Galkins acquired a net total of 4,300,000 shares, with total purchases amounting to approximately $111,672,951 for 4,532,385 shares and sales of 161,274 shares for approximately $2,387,051.
• Funds for the initial purchases by the Galkin Revocable Trust came from cash and margin borrowings, while subsequent purchases by the Galkins used their own investment capital.
• Current positions in the Galkins' joint account are not held in a margin account or pledged as collateral.
• Over the past 60 days, the Galkins made multiple open market purchases, acquiring an additional 199,962 shares at weighted-average prices ranging from $49.49 to $76.44 per share.

Sentiment

Score: 8

Explanation: The substantial increase in beneficial ownership by Vladimir and Angelica Galkin to 20.5% of Newegg Commerce, Inc., coupled with consistent open market purchases over the past 60 days, indicates strong confidence from a major shareholder. The fact that these holdings are not leveraged further reinforces a positive long-term outlook from the reporting persons.

Positives

• Significant insider confidence demonstrated by Vladimir and Angelica Galkin increasing their stake to 20.5%.
• Continued open market purchases over the past 60 days, indicating ongoing belief in the company's value.
• The Galkins' current holdings are not held in a margin account or pledged as collateral, suggesting a long-term investment horizon and reduced risk of forced sales.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Schedule 13D. The filing focuses solely on beneficial ownership.

Future Outlook

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

Industry Context

This filing, a Schedule 13D amendment, primarily reports a change in beneficial ownership by significant shareholders. It does not provide specific insights into broader industry trends or competitive landscape for Newegg Commerce, Inc. However, increased insider ownership can sometimes signal confidence in the company's position within its market.

Stakeholder Impact

• Shareholders: Increased confidence due to significant insider buying and a large, un-leveraged stake held by a major shareholder, potentially signaling a positive long-term outlook for the company.
• Company Management: May feel increased scrutiny or support from a large, active shareholder.

Key Dates

Recommendation

The significant increase in beneficial ownership by Vladimir and Angelica Galkin to 20.5% of Newegg Commerce, Inc., through consistent open market purchases, signals strong conviction from a major shareholder. The fact that these holdings are not leveraged (not in a margin account or pledged as collateral) suggests a long-term, fundamental belief in the company's value. This level of insider buying, especially from a substantial holder, often precedes positive developments or indicates that the stock is undervalued. For a seasoned investor, this action by a well-informed party provides a compelling reason to consider a 'strong buy' position, assuming the company's underlying fundamentals align with this insider confidence.

Keywords

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