Fred Faching Chang has filed 64 Form 4 transactions, all in a single company, and all of them are open-market sales. The total value of those sales is $11,127,864.34. There are no purchases, no option exercises, and no grants in the record. The pattern is one-directional: Chang has sold shares of NEGG on 25 separate occasions in the most recent stretch, with each sale ranging from roughly $33,993 to $51,276.
The recent trades cluster tightly in the fall of 2026. From September 23 through October 27, Chang sold nearly every trading day, sometimes on consecutive sessions. The daily dollar amounts are consistent, mostly in the $34,000 to $50,000 band. The largest recent sale was on September 23 at $51,276.33, and the smallest was on October 26 at $33,993.18. The sales show no acceleration or panic; they are steady and routine in size.
The absence of any purchase code, including the "P" designation that marks a conviction buy, means Chang has not added a single share in the covered period. The selling bias is total. Over the full 64 transactions, the average sale value is about $173,872, but that figure is skewed by larger earlier trades. The recent 25 sales alone total roughly $1.03 million. Chang's activity is a continuous liquidation of NEGG stock, with no offsetting acquisitions.
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