Newegg CLO Michael Chen sells $1,090 of stock

Newegg's Chief Legal Officer, Michael Chen, sold a total of $1,090 worth of the company's common stock on August 31 and September 1, 2026. The shares were sold under a Rule 10b5-1 trading plan. On September 1, Chen sold 67 shares at $16.28 per share, while on August 31, he acquired 105 shares through the vesting of restricted stock units.

These transactions resulted in Chen directly holding 2,388 shares of Newegg common stock, in addition to 194 restricted stock units. Newegg's stock is currently trading at $17, down 66% year-to-date from its $96.29 52-week high. Analysts suggest the stock may be undervalued based on Fair Value calculations. Newegg has also launched an AMD Ryzen 7 7700X3D processor and a conversational AI shopping assistant to enhance the online shopping experience for tech products.