SCHEDULE: Galkins Boost Newegg Stake to 20% in Latest Filing

Vladimir and Angelica Galkin have increased their beneficial ownership in Newegg Commerce, Inc. to 20.0% through recent open market purchases.

Summary

• Vladimir and Angelica Galkin, as Reporting Persons, jointly beneficially own 4,200,000 shares of Newegg Commerce, Inc. Common Stock.
• This represents approximately 20.0% of the Issuer's outstanding Common Stock, based on 20,966,480 shares outstanding as of September 30, 2025.
• Numerous open market purchases of Newegg Common Stock were made by the Galkins during the past 60 days, with prices ranging from $44.44 to $90.45 per share.
• Original purchases were made by the Galkin Revocable Trust using cash and margin, which later transferred 2,222,222 shares to the Galkins' joint account.
• The Galkins subsequently used their own investment capital to purchase an additional 1,977,778 shares.
• Total acquisition cost for 4,432,385 shares was approximately $106,294,256, with $2,387,051 received from the sale of 161,274 shares, resulting in a net ownership of 4,200,000 shares.
• The shares 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 key individuals, coupled with a shift to direct investment capital, signals strong insider confidence and a positive long-term outlook for Newegg Commerce, Inc.

Positives

• Significant insider buying indicates strong confidence in the company's future prospects by key individuals.
• The Galkins' beneficial ownership has increased to a substantial 20.0% of the outstanding shares, aligning their interests closely with other shareholders.
• The shift from margin account holdings to direct investment capital for additional purchases suggests a more stable and committed long-term investment strategy.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance from the company or the reporting persons regarding future performance or strategy, beyond the implied confidence from increased ownership.

Industry Context

This filing reflects a significant increase in insider ownership for Newegg Commerce, Inc., which can be interpreted by the market as a strong vote of confidence in the company's value and future prospects, potentially signaling a belief that the stock is undervalued or poised for growth. Such actions by major shareholders are often closely watched by investors for insights into a company's internal perception.

Related Party Transactions

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

Stakeholder Impact

• Shareholders: Increased insider ownership can boost investor confidence, signaling that major shareholders believe the stock is undervalued or has significant growth potential.
• Management: The substantial stake held by the Galkins could influence strategic decisions and corporate governance, aligning management's interests with those of significant shareholders.

Key Dates

Recommendation

The significant and consistent open market purchases by Vladimir and Angelica Galkin, increasing their stake to 20.0% of Newegg Commerce, Inc., represent a strong vote of confidence from insiders. This substantial commitment, particularly the shift to using personal investment capital rather than margin, suggests a deeply held belief in the company's long-term value and future prospects. Such aggressive insider buying often precedes positive developments or indicates a perception of undervaluation, making it a compelling signal for a 'strong buy' recommendation.

Keywords

Newegg Commerce, NEGG, Schedule 13D, Insider Ownership, Beneficial Ownership, Stock Purchases, Vladimir Galkin, Angelica Galkin, Equity Stake, Investment