---
title: "Newegg Chief Legal Officer Michael Chen disposes of 105 common shares worth $1,719.9"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291572495.md"
description: "Newegg Commerce Chief Legal Officer Michael Chen sold 67 shares at $16.38 on July 1 under a Rule 10b5-1 plan, following the vesting of 105 restricted stock units on June 30. After withholding 38 shares for taxes, his direct common share ownership decreased to 2,388, while he retained 404 restricted stock units."
datetime: "2026-07-02T16:57:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291572495.md)
  - [en](https://longbridge.com/en/news/291572495.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291572495.md)
generator: "portal-rs"
---

# Newegg Chief Legal Officer Michael Chen disposes of 105 common shares worth $1,719.9

-   Newegg Commerce Chief Legal Officer Michael Chen reported vesting of 105 restricted stock units into 105 common shares on June 30. \* He withheld 38 shares on June 30 at USD 16.38 to cover taxes. \* He sold 67 shares on July 1 at USD 16.38 under a Rule 10b5-1 plan. \* Directly owned common shares fell to 2,388 following the transactions. \* He held 404 restricted stock units after the vesting activity. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newegg Commerce Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001474627-26-000042), on July 02, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**