Newegg (NEGG) interim CFO converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newegg Commerce interim CFO Christina Ching reported routine equity compensation activity. On June 5, 2026, she exercised restricted stock units into 131 shares of common stock, reflecting the conversion of previously granted RSUs.
To cover related tax obligations, 48 common shares were withheld, a non-market disposition that did not involve an open-market sale. After these transactions, she held 3,568 common shares directly. The award originally covered 6,250 RSUs, with 902 RSUs scheduled to vest in equal monthly installments until full vesting on September 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
131 shares exercised/converted
Mixed
3 txns
Insider
Ching Christina
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 131 | $0.00 | -- |
| Exercise | Common Stock | 131 | $17.34 | $2K |
| Tax Withholding | Common Stock | 48 | $17.34 | $832.32 |
Holdings After Transaction:
Restricted Stock Unit — 509 shares (Direct, null);
Common Stock — 3,616 shares (Direct, null)
Footnotes (1)
- Shares withheld to satisfy tax withholding obligation of the reporting person. Represents an award of 6,250 restricted stock units ('RSUs'). 5,348 RSUs vested prior to the Reporting Person becoming a Section 16 officer. The remaining 902 RSUs vest in equal monthly installments until fully vested on September 6, 2026. N/A
Key Figures
RSUs exercised: 131 shares
Shares withheld for taxes: 48 shares
Withholding price: $17.34 per share
+5 more
8 metrics
RSUs exercised
131 shares
Common stock received from RSU conversion on June 5, 2026
Shares withheld for taxes
48 shares
Common shares withheld to satisfy tax obligations
Withholding price
$17.34 per share
Value used for tax withholding shares
Shares held after transaction
3,568 shares
Newegg common stock held directly by Christina Ching
Total RSU award
6,250 RSUs
Restricted stock unit award referenced in footnote
RSUs vested pre-Section 16
5,348 RSUs
Units vested before Ching became a Section 16 officer
Remaining unvested RSUs
902 RSUs
Vest in equal monthly installments until September 6, 2026
Vesting end date
September 6, 2026
Date remaining 902 RSUs are expected to be fully vested
Key Terms
Restricted Stock Unit, Section 16 officer, tax withholding obligation, derivative security
4 terms
Restricted Stock Unit financial
"security_title": "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Section 16 officer regulatory
"vested prior to the Reporting Person becoming a Section 16 officer"
A Section 16 officer is a corporate executive who, under U.S. securities law, must publicly report their purchases and sales of the company’s stock and is subject to rules that can force them to return short-term trading profits. Think of them as an insider required to keep a public trading log so investors can see when executives are buying or selling; that transparency helps investors assess management’s confidence and reduces the risk of undisclosed insider trading.
tax withholding obligation financial
"Shares withheld to satisfy tax withholding obligation of the reporting person"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What transactions did Newegg (NEGG) interim CFO Christina Ching report on this Form 4?
Interim CFO Christina Ching reported exercising restricted stock units into 131 shares of Newegg common stock. In the same event, 48 of those shares were withheld to satisfy her tax obligations, a non-market disposition rather than an open-market sale of shares.
What are the key details of the restricted stock unit (RSU) award for Newegg (NEGG) interim CFO?
The RSU award totals 6,250 units. Of these, 5,348 RSUs vested before Christina Ching became a Section 16 officer, while the remaining 902 RSUs vest in equal monthly installments until fully vested on September 6, 2026, according to the Form 4 footnotes.
What does the transaction code M mean in Newegg (NEGG) interim CFO’s Form 4?
Transaction code M in this Form 4 indicates the exercise or conversion of a derivative security. Here, it represents the conversion of restricted stock units into 131 shares of Newegg common stock as part of Christina Ching’s equity compensation package.