The director's open-market sale without a 10b5-1 plan is a potential negative signal, especially given NEGG's volatile history. Monitor for any upcoming 8-K or earnings release that could explain the timing.
Price Chart
Executive Summary
Director and 10% owner He Zhitao sold $646K worth of NEGG stock at $16.50, alongside a de minimis sale by the Chief Legal Officer. The total $647K cluster represents ~0.2% of market cap — modest but notable for a single director's open-market sale. No 10b5-1 plan is indicated, making this a potentially informed sale.
Key Financial Metrics
Key Facts
- Director/10% owner He Zhitao sold 39,100 shares at $16.50 for $646K on 2026-09-03
- Chief Legal Officer Chen Michael sold 67 shares at $16.28 for $1K on 2026-09-01
- Total cluster value: $647K, net direction: selling
- No 10b5-1 plan indicated for either sale
- Cluster represents ~0.2% of NEGG's market cap
Financial Impact
Director sold $646K of stock, ~0.2% of market cap
Risk Factors
- Insider sale may signal deteriorating fundamentals or upcoming negative news
- Single director sale — not a broad insider cluster, reducing signal strength
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NEGG-1788901917961 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 6-K | $10.56 | awaiting T+5 | — | $9.75 (−7.70%) |
Oct 16, 2026 11d ago | SC 13D/A | $10.90 $9.70 | ▲ +11.01% | ▲ +10.58% | $9.75 (+10.58%) |
Sep 8, 2026 6w ago | Insider Cluster | $15.06 $13.27 | ▲ +11.89% | ▲ +10.79% | $9.75 (+35.28%) |
Sep 8, 2026 6w ago | Insider Cluster | $15.06 $13.27 | ▼ −11.89% | ▼ −11.23% | $9.75 (−35.28%) |
Jun 15, 2026 19w ago | EFFECT | $18.60 $17.66 | ▼ −5.05% | ▼ −3.67% | $9.75 (−47.60%) |
Jun 3, 2026 20w ago | Insider Cluster | $18.45 $18.61 | ▲ +0.87% | ▲ +3.42% | $9.75 (−47.17%) |
Jun 3, 2026 20w ago | Insider Cluster | $18.45 $18.61 | ▲ +0.87% | ▲ +3.42% | $9.75 (−47.17%) |
Jun 2, 2026 20w ago | Insider Cluster | $18.21 $16.78 | ▼ −7.85% | ▼ −4.03% | $9.75 (−46.47%) |
May 28, 2026 21w ago | 6-K | $18.61 $18.21 | ▼ −2.15% | ▼ −2.10% | $9.75 (−47.62%) |
May 20, 2026 22w ago | Insider Cluster | $20.21 $18.57 | ▼ −8.11% | ▼ −9.96% | $9.75 (−51.77%) |
US Market Status
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