This cluster is too small to drive a trading signal. Monitor for any larger insider sales or a material corporate event (earnings, offering, restructuring) that could justify a more meaningful read. The stock has rallied significantly in recent weeks, so these sales may simply reflect profit-taking at elevated prices.
Price Chart
Executive Summary
Two insiders at Newegg Commerce sold a combined $47K in open-market transactions over a 7-day window, led by director Fred Chang. The dollar value is trivial relative to the $382M market cap (0.01%), and the cluster is dominated by a single director's small sales, which carry limited informational weight per the academic literature. No C-suite executives participated in open-market selling, and the amounts are too small to signal material adverse news.
Key Financial Metrics
Key Facts
- Director Fred Chang sold 2,583 shares for $45K on June 1, 2026
- Chief Legal Officer Michael Chen sold 67 shares for $1K on June 1, 2026
- Total cluster value of $47K represents ~0.01% of NEGG's $382M market cap
- No CEO, CFO, or other C-suite executives sold in the cluster window
- Chen also exercised 105 derivative shares (non-cash) and had 38 shares withheld for taxes on May 29
Financial Impact
Total insider sales of $47K, immaterial relative to $382M market cap
Risk Factors
- Insider sales could accelerate if the stock continues to rise, creating overhang
- No fundamental catalyst identified — cluster alone does not indicate business deterioration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NEGG-1780537395624 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 6-K | $10.56 | awaiting T+5 | — | $9.47 (−10.32%) |
Oct 16, 2026 10d ago | SC 13D/A | $10.90 $9.70 | ▲ +11.01% | ▲ +10.58% | $9.47 (+13.12%) |
Sep 8, 2026 6w ago | Insider Cluster | $15.06 $13.27 | ▲ +11.89% | ▲ +10.79% | $9.47 (+37.12%) |
Sep 8, 2026 6w ago | Insider Cluster | $15.06 $13.27 | ▼ −11.89% | ▼ −11.23% | $9.47 (−37.12%) |
Jun 15, 2026 19w ago | EFFECT | $18.60 $17.66 | ▼ −5.05% | ▼ −3.67% | $9.47 (−49.09%) |
Jun 3, 2026 20w ago | Insider Cluster | $18.45 $18.61 | ▲ +0.87% | ▲ +3.42% | $9.47 (−48.67%) |
Jun 3, 2026 20w ago | Insider Cluster | $18.45 $18.61 | ▲ +0.87% | ▲ +3.42% | $9.47 (−48.67%) |
Jun 2, 2026 20w ago | Insider Cluster | $18.21 $16.78 | ▼ −7.85% | ▼ −4.03% | $9.47 (−48.00%) |
May 28, 2026 21w ago | 6-K | $18.61 $18.21 | ▼ −2.15% | ▼ −2.10% | $9.47 (−49.11%) |
May 20, 2026 22w ago | Insider Cluster | $20.21 $18.57 | ▼ −8.11% | ▼ −9.96% | $9.47 (−53.14%) |
US Market Status
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