Form 4: Newegg Commerce Executive Sells Shares
Insider Transaction (Form 4)
Michael Chen, Chief Legal Officer of Newegg Commerce, Inc., sold 67 shares of common stock on August 31, 2026 for $16.28 per share.
Summary
- Option exercise/conversion: acquired 105 Common Stock at $16.28 ($1,709) on August 31, 2026; holds 2,493 after (Direct).
- Tax/exercise-price withholding: disposed of 38 Common Stock at $16.28 ($619) on August 31, 2026; holds 2,455 after (Direct).
- Open-market sale: disposed of 67 Common Stock at $16.28 ($1,091) on September 1, 2026; holds 2,388 after (Direct).
- Option exercise/conversion: disposed of 105 Restricted Stock Unit on August 31, 2026; holds 194 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $1,091 of stock on the open market.
Insider Transactions
Michael Chen — Officer (Chief Legal Officer)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-31 | Option exercise/conversion | Common Stock | 105 | $16 | $1.7K | 2,493 |
| 2026-08-31 | Tax/exercise-price withholding | Common Stock | 38 | $16 | $619 | 2,455 |
| 2026-09-01 | Open-market sale | Common Stock | 67 | $16 | $1.1K | 2,388 |
| 2026-08-31 | Option exercise/conversion | Restricted Stock Unit | 105 | — | — | 194 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-31 | Option exercise/conversion (105 shares) |
| 2026-08-31 | Tax/exercise-price withholding (38 shares) |
| 2026-09-01 | Open-market sale (67 shares) |
| 2026-08-31 | Option exercise/conversion (105 shares) |
Keywords
insider transaction, Form 4, NEGG, Newegg Commerce, Inc., bearish, Michael Chen
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