NEGG Newegg Commerce, Inc. Insider Trading

Director Fred Faching Chang sold 152,787 shares for $3.7M (May 4–18); stock has collapsed -85.1% from 52-week high, -52.2% in 30 days.

Director Fred Faching Chang executed 11 separate sales totaling 152,787 shares for $3,703,835.25 over a two-week period (May 4–18), at a blended average price of $24.24. The selling occurred amid severe price deterioration: the stock has fallen -85.1% from its 52-week high of $137.84 and declined -52.2% over the prior 30 days, currently trading at $20.57. Notably, his prior two sales at NEGG (May 1 and April 30) both proved well-timed, with negative 90-day returns of -42.5% and -43.5% respectively, establishing a 100% well-timed rate on same-ticker history. The series of sales began at $31.88 on May 4 and progressively shifted lower, with the final tranche at $19.66 on May 18, suggesting either a pre-planned staged exit or response to deteriorating conditions. The director retained 3,246,646 shares post-transaction, representing a -4.5% reduction in holdings. The company's fundamentals show limited momentum (annual revenue growth of -1.2%, P/E of 158.23), raising questions about whether the director's liquidation reflects conviction about near-term risk or represents part of a broader pattern of exits during price weakness.

Director Fred Chang sells 35,000 NEGG shares for ~$1.2M as stock trades well below recent highs.

Fred Chang, a director and major shareholder of Newegg, sold 35,000 shares across two tranches totaling approximately $1.2 million. The timing and scale warrant attention: Chang is selling while the stock is trading roughly 73% below its 52-week high and has declined significantly over the past three months, suggesting he is liquidating even as the company fundamentals remain profitable. The relatively modest percentage of his total holdings being divested (just over 1%) indicates this is not a panic dump, but the decision to sell into a beaten-down price environment is notable—most insider buying happens during pullbacks, yet here a director is choosing to exit. Against the backdrop of a profitable company with reasonable revenues but stretched valuation metrics, this sale could signal either portfolio rebalancing or reduced confidence in near-term recovery at current prices, making it worth monitoring whether it's part of a broader pattern among company insiders.

10% owner Galkin Vladimir buys 11,111 shares at $104.72 (Aug 15); 5 NEGG buys in 9 days as stock surges +262.5% in 30 days

Galkin Vladimir, a 10% shareholder, purchased 11,111 shares at $104.72 on 2025-08-15, the fifth open-market buy at NEGG in nine calendar days (prior buys on 2025-08-07, 2025-08-06, 2025-08-06, and 2025-08-04). His post-transaction holdings stand at 3,511,111 shares (3.51M shares). NEGG has appreciated +262.5% over 30 days and +1627.7% over 90 days from the transaction date, currently trading at $107.12, down -16.4% from its 52-week high of $128.09. The company's fundamentals show net income of $1,036,555.00 against a P/E of 765.14 and market cap of $2,086,525,565.28 ($2.1B), indicating the stock's valuation is stretched relative to earnings. The rapid accumulation pattern across multiple days during a steep rally, combined with extreme valuation metrics, suggests the insider's purchases are occurring well into a pronounced uptrend rather than at strategic entry points, and none of his 5 same-ticker prior trades have yet reached measurable 90-day outcome windows.

10% Owner Galkin buys 55,557 shares at blended $55.91 over 2 days; holds 3.50M post-transaction as stock surges 336.7% in 30 days.

Vladimir Galkin, a 10% owner at Newegg, executed 2 separate purchases totaling 55,557 shares for $3,106,162.44 at an average price of $55.91 on 2025-08-06 and 2025-08-07, increasing his holdings from 3,444,443 to 3,500,000 shares. The current market price of $128.09 represents a 129% gain from his blended entry price, and the stock has moved +336.7% in the 30 days since the buy date—a dramatic move that places this transaction at a pivotal moment in the stock's trajectory. Across his cross-ticker track record, Galkin's prior 20 open-market buys have averaged +207.4% 30-day returns with a 100% 90-day win rate, establishing a pattern of strong near-term timing; however, his 5 prior NEGG purchases remain too recent to measure performance outcomes. The fundamental context shows NEGG trading at an extreme P/E of 914.93 on quarterly revenue of $5.5M and an annual growth rate of -1.2%, suggesting valuations that have decoupled substantially from traditional metrics—a backdrop against which a 10% owner's purchase activity gains material attention from investors monitoring position concentration and capital allocation at the company.

10% owner Galkin Vladimir bought 111,110 shares across 2 transactions for $6,003,828.85 (blended avg $54.04)

Galkin Vladimir, a 10% owner of Newegg Commerce, made two separate purchases totaling 111,110 shares for $6,003,828.85 on 2025-08-04 and 2025-08-06 at blended average price of $54.04, increasing his holdings from 3,333,333 shares to 3,444,443 shares (+3.3%). The stock has since moved to $58.85 (current price), though remains -7.7% from its 52-week high of $63.79, and the broader market context shows the stock has surged +1331.9% over the past 90 days from deeply depressed levels. His cross-ticker track record across 20 prior buys shows average negative returns of -4.3% at both 30 and 90 days with a 50% win rate, offering limited predictive value for this specific purchase. Most critically, this company exhibits severe fundamental stress: a P/E of 420.36, latest quarterly net income of only $1.0M against $1.1B market cap, negative annual revenue growth of -1.2%, and latest quarterly revenue of just $5.5M—valuation and profitability metrics that raise material questions about the company's underlying financial health independent of this insider's activity.

Galkin (10% Owner) bought 138,757 shares at blended $42.33 across 2 transactions on 2025-07-29; stock now $56.19.

A 10% owner made 2 separate purchases totaling 138,757 shares for $5,873,836.80, increasing his holdings by 4.3% to 3,333,333 shares post-transaction. The transaction occurred on 2025-07-29 at a blended average price of $42.33, while the current price of $56.19 represents a 32.9% appreciation from the trade price—a material unrealized gain in the short term. However, this purchase follows a deeply concerning pattern: the insider's cross-ticker track record shows 20 prior buys with a negative 3.8% average 90-day return and only a 20% win rate, and at this same ticker, he executed 5 prior buys on 2025-07-17 (just 12 days earlier) whose outcomes are not yet measurable. The company's fundamentals are also challenged—P/E of 401.36, negative annual revenue growth of -1.2%, and only $1.0M net income on $5.5M quarterly revenue. The recent 30-day price surge of +365.2% and 90-day surge of +1418.6% suggest the insider is buying after extraordinary momentum, not ahead of it, raising questions about the investment's sustainability given the weak operational backdrop.

10% owner Vladimir Galkin bought 416,799 shares at $29.68 avg ($12.4M) on July 17; stock now $26.34, -46.5% below 52-week high.

Vladimir Galkin, a 10% shareholder of Newegg, executed 3 separate purchases totaling 416,799 shares for $12,369,205.06 at a blended average price of $29.68, increasing his holdings by 15.0% to 3,194,576 shares post-transaction. The purchases occurred when the stock is currently trading at $26.34—below the transaction prices—and comes amid a 52-week decline where the stock is -46.5% from its $49.24 peak despite a dramatic +131.5% 30-day rally and +610.0% 90-day surge. Across his cross-ticker track record, Galkin's 18 prior open-market buys averaged -5.8% returns at both 30 and 90 days with only a 16.67% 90-day win rate, establishing a pattern of poorly-timed entries that investors should weigh against this substantial capital commitment. At this ticker specifically, Galkin has made 5 consecutive buys over 3 days (July 15–17), creating a pattern of accumulated buying pressure during extreme price volatility; the valuation metrics show a concerning P/E of 188.14 with minimal recent profitability ($1.0M net income) relative to a $513.1M market cap.

10% owner Galkin Vladimir purchases 222,222 shares across 4 transactions for $6,397,772.10 at blended avg $28.79

Galkin Vladimir, a 10% owner, executed 4 separate purchases totaling 222,222 shares for $6,397,772.10 over two days (July 16–17), increasing his holdings from 2,555,555 shares to 2,777,777 shares. The blended average price of $28.79 is 2.6% below the current price of $29.55 but 40.0% below the 52-week high of $49.24. Across all tickers, his prior 18 open-market buys averaged -7.1% 90-day returns with a 14.29% win rate; he has no measurable outcome history specific to NEGG (5 prior trades at this ticker remain outcome-unresolved). The company's fundamentals show modest net income of $1.0M on revenue of $5.5M (latest quarter) with a P/E of 211.07, reflecting limited earnings cushion. This is a material dollar-value position accumulation by a significant shareholder, but the insider's historical buy-timing pattern across other securities and the elevated valuation multiple warrant scrutiny.

10% owner Galkin Vladimir purchased 111,111 shares across 3 transactions for $3,284,700.01, raising stake to 2,555,555 shares

Galkin Vladimir, a 10% owner, executed three separate purchases on 2025-07-15 totaling 111,111 shares for $3,284,700.01 at a blended average price of $29.56, increasing his holdings by 4.5% from 2,444,444 to 2,555,555 shares. The transaction occurred when NEGG stock is -44.9% from its 52-week high of $49.24 and is currently trading at $27.12, below the transaction prices. While the stock has surged +143.2% over 30 days and +581.4% over 90 days (from a 52-week low of $3.50), the insider's historical cross-ticker track record shows a 20% win rate on buys with -5.6% average 90-day returns; his prior 5 trades at NEGG (all buys within days of this filing) have not yet yielded measurable outcomes, precluding assessment of pattern consistency at this ticker. The company's fundamentals show elevated valuation (P/E of 193.71) against modest quarterly profitability ($1.0M net income on $5.5M revenue) and flat annual revenue growth (-1.2%), suggesting the accumulation occurs in a context of significant stock volatility rather than operational acceleration.

10% Owner Galkin purchases 222,222 shares across 3 trades (blended avg $41.14) for $9.1M on 2025-07-14; stock at $29.33 (-40.4% from high)

Galkin Vladimir, a 10% owner, executed three separate purchases totaling 222,222 shares for $9,141,745.18 at prices ranging from $33.53 to $47.16, representing a 10.0% increase in his holdings to 2,444,444 shares. The transaction is material in size and executed by a significant shareholder at a time when NEGG stock trades $29.33, down 40.4% from its 52-week high of $49.24 and well below the blended purchase price of $41.14. NEGG's valuation metrics are stretched (P/E: 209.50) relative to recent fundamentals (quarterly revenue $5,529,120.00, net income $1,036,555.00), and annual revenue growth is negative at -1.2%. The timing coincides with a 30-day surge of +213.4% and a 90-day rally of +680.0%, yet Galkin's cross-ticker buy track record shows a -4.4% average 90-day return with only a 27.27% win rate, and all his same-ticker prior buys at NEGG remain unmeasured in outcome. The substantial capital commitment by a major shareholder warrants monitoring, but the execution prices significantly above current levels and the historical performance pattern merit careful observation of near-term developments.