The concentrated selling by a director without any insider buying is a cautionary signal. Monitor for upcoming earnings or material disclosures that may have prompted the sales. The cross-filing amplifiers (late-filing context, offering context) increase the probability of negative news.
Price Chart
Executive Summary
Two Newegg insiders sold shares totaling ~$1.2M in open-market transactions over a 7-day window, with Director Fred Chang accounting for the bulk ($1.2M). The selling represents ~0.17% of market cap — modest but notable given the cluster's proximity to a prior late-filing context and the company's recent negative historical performance. No insider buying offsets the selling, and the cluster is amplified by cross-filing context suggesting possible material developments.
Key Financial Metrics
Key Facts
- Director Fred Chang sold 35,000 shares for ~$1.2M in two open-market transactions on April 30 and May 1.
- Chief Legal Officer Michael Chen sold 67 shares for ~$2,345 on May 1, plus exercised derivatives and surrendered shares for tax withholding.
- Total open-market selling value is ~$1.2M, or ~0.17% of NEGG's $715M market cap.
- No insider purchases were reported in the cluster.
- The cluster is amplified by cross-filing context including a late-filing notice and potential offering/press activity.
Financial Impact
Total insider selling of ~$1.2M, representing ~0.17% of market cap.
Risk Factors
- Insider selling may precede negative earnings or operational updates.
- Cross-filing amplifiers (late-filing, offering context) suggest elevated risk of adverse material events.
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-1777935111013 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers