Fred Faching, a director and 10% owner of Newegg Commerce, Inc. (NASDAQ:NEGG), sold 30,000 common shares over two trading days in late May 2026, totaling $589,390.
The sales occurred on May 21 and 22. On May 21, 20,000 shares were sold at a weighted average price of $19.400 (range $18.81-$20.55). The next day, 10,000 more shares were sold at $20.139 (range $19.71-$20.53).
Newegg shares trade at $19.50, down 74.5% over six months but up 224% over the past year. According to Bond.az analysis, the stock remains undervalued and appears on the Most Undervalued list.
Post-sale, Faching's indirect holdings via Tekhill USA LLC stand at 3,176,646 shares, via Nabal Spring LLC 450,000 shares, and he directly owns 407,927 shares.
