As of November 10, 2026, 4 holders' latest Schedule 13D or 13G filings report owning 5% or more of Newegg Commerce, Inc. The largest reported stake is Hangzhou Lianluo Interactive Information Technology Co., Ltd.'s, at 60.84%. 38 filings are on record since July 1, 2025 (Schedule 13D/A, August 11, 2025).
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Key facts
- · Reporting person: Fred Faching Chang · Sole voting: 4,145,400 · Shared voting: 0 · Sole dispositive: 4,145,400 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-10-16
- · Reporting person: Hangzhou Lianluo Interactive Information Technology Co., Ltd. · Sole voting: 0 · Shared voting: 11,147,329 · Sole dispositive: 0 · Shared dispositive: 11,147,329 · SCHEDULE 13D/A, 2026-06-15
- · Holder: Tekhill USA LLC · Percent: 22.4% · SCHEDULE 13D/A
- · Holder: Galkin Vladimir · Percent: 21% · SCHEDULE 13D/A
- · Holder: Galkin Vladimir · Percent: 20.8% · SCHEDULE 13D/A
Newegg Commerce, Inc. has 38 Schedule 13D or 13G filings on record since 2025-07-01. 4 holders' latest filing reports 5% or more of common shares, par value $0.43696. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Hangzhou Lianluo Interactive Information Technology Co., Ltd. | 60.84% | 11,147,329 | SCHEDULE 13D/A, 2025-08-11 | 2025-08-07 |
| Digital Grid (Hong Kong) Technology Co., Limited | 54.63% | 11,141,079 | SCHEDULE 13D/A, 2026-06-15 | 2026-06-11 |
| 21% | 4,392,812 | SCHEDULE 13D/A, 2026-02-09 | 2026-02-06 | |
| Tekhill Usa LLC | 19.8% | 2,915,311 | SCHEDULE 13D/A, 2026-10-16 | 2026-05-20 |
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More on Newegg Commerce, Inc. and the records around it.
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Companies that share a holder
- Galkin Vladimir also filed stake reports on 4 other companies: JETBLUE AIRWAYS CORP (May 2026), Spirit Aviation Holdings, Inc. (Apr 2026), Innovative Eyewear Inc (Jan 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Hangzhou Lianluo Interactive Information Technology Co., Ltd. | 0 | 11,147,329 | 0 | 11,147,329 | SCHEDULE 13D/A, 2026-06-15 |
| Digital Grid (Hong Kong) Technology Co., Limited | 0 | 11,141,079 | 0 | 11,141,079 | SCHEDULE 13D/A, 2026-06-15 |
| Hyperfinite Galaxy Holding Limited | 0 | 2,946 | 0 | 2,946 | SCHEDULE 13D/A, 2026-06-15 |
| He Zhitao | 684,869 | 11,150,275 | 684,869 | 11,150,275 | SCHEDULE 13D/A, 2026-06-15 |
| Fred Faching Chang | 4,145,400 | 0 | 4,145,400 | 0 | SCHEDULE 13D/A, 2026-10-16 |
| Tekhill Usa LLC | 2,915,311 | 0 | 2,915,311 | 0 | SCHEDULE 13D/A, 2026-10-16 |
| Nabal Spring, LLC | 450,000 | 0 | 450,000 | 0 | SCHEDULE 13D/A, 2026-10-16 |
The latest filing identifies Newegg Commerce, Inc. by CUSIP G6483G100 and gives its principal executive office as 21688 GATEWAY CENTER DR., SUITE 300, DIAMOND BAR, CA 91765 (SCHEDULE 13D/A, 2026-10-16).
Purpose of Transaction (Item 4)
Hangzhou Lianluo Interactive Information Technology Co., Ltd.
Item 4 of the Initial Statement is hereby amended and supplemented as follows: The Reporting Persons acquired the Issuer's Common Stock reported herein as a result of the Merger. On May 12, 2021, Lianluo Smart Ltd ("LLIT") held a special shareholder meeting to, among other things, approve the Merger and amendment and restatement of its amended and restated memorandum and articles of association (the "Amended M&A"). The Amended M&A was filed with the Registrar of Corporate Affairs of the British Virgin Islands on May 14, 2021 and became effective on the same date. The Merger became effective as of May 19, 2021. As a result of the Merger, the Common Shares of the Issuer trade on the NASDAQ Capital Market under the stock symbol "NEGG". At the effective time of the Merger, each share of the capital stock of the Issuer that was issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 5.8417 common shares of LLIT (the "exchange ratio"), plus the right, if any, to receive cash in lieu of fractional shares of LLIT (the "merger consideration"). The exchange ratio was equal to the Issuer's per share value divided by LLIT's per share value. The Issuer's per share value was equal to $880,000,000 divided by the number of outstanding Issuer's shares on October 23, 2020. LLIT's per share value was equal to (i) the volume-weighted average trading price of LLIT's Class A common shares for the consecutive twenty (20) trading days …The first part of Item 4 of the SCHEDULE 13D/A filed 2025-08-11; the filing has the rest
Tekhill Usa LLC
(a) Between April and October 2026, Tekhill USA LLC ("Tekhill") delivered various right of first refusal notices (the "ROFR Notices") pursuant to Section 1.03 of the Amended and Restated Shareholders Agreement, dated as of May 19, 2021, by and among Fred Faching Chang, the Issuer, and certain other shareholders of the Issuer, as amended (the "Shareholders Agreement"), to the Issuer and each of the Principal Shareholders (as defined in the Shareholders Agreement). Tekhill intends to sell Common Shares available for sale under these ROFR Notices in open-market transactions on the NASDAQ Stock Market. The description of the ROFR Notice is qualified in its entirety by the actual terms of thereof. In addition, the Reporting Persons may determine, from time to time in the future, based on market and general economic conditions, the business affairs and financial conditions of the Issuer, the capital requirements of the Reporting Persons, the availability of securities at favorable prices and other alternative investment opportunities available to the Reporting Persons, and other factors that the Reporting Persons may deem relevant, to sell some or all of the securities it now holds or hereafter acquires in the open market, in privately negotiated transactions, or otherwise. The Reporting Persons may from time to time engage advisors, including broker-dealers, to assist the Reporting Persons in assessing the foregoing considerations or facilitate sales. Subject to the …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-10-16; the filing has the rest
Digital Grid (Hong Kong) Technology Co., Limited
Item 4 of the Schedule 13D is hereby amended and restated as follows: The Reporting Persons acquired the Issuer's Common Shares reported herein as a result of the Merger. On May 12, 2021, Lianluo Smart Ltd ("LLIT") held a special shareholder meeting to, among other things, approve the Merger and amendment and restatement of its amended and restated memorandum and articles of association (the "Amended M&A"). The Amended M&A was filed with the Registrar of Corporate Affairs of the British Virgin Islands on May 14, 2021 and became effective on the same date. The Merger became effective as of May 19, 2021. As a result of the Merger, the Common Shares of the Issuer trade on the NASDAQ Capital Market under the stock symbol "NEGG". At the effective time of the Merger, each share of the capital stock of the Issuer that was issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 5.8417 common shares of LLIT (the "exchange ratio"), plus the right, if any, to receive cash in lieu of fractional shares of LLIT (the "merger consideration"). The exchange ratio was equal to the Issuer's per share value divided by LLIT's per share value. The Issuer's per share value was equal to $880,000,000 divided by the number of outstanding Issuer's shares on October 23, 2020. LLIT's per share value was equal to (i) the volume-weighted average trading price of LLIT's Class A common shares for the consecutive twenty (20) trading days …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-06-15; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-07-01 | Galkin Vladimir | 10.8% | SCHEDULE 13D |
| 2025-07-10 | Galkin Vladimir | 11.4% | SCHEDULE 13D/A |
| 2025-07-14 | Galkin Vladimir | 11.4% | SCHEDULE 13D/A |
| 2025-07-15 | Galkin Vladimir | 12.5% | SCHEDULE 13D/A |
| 2025-07-16 | Galkin Vladimir | 13.1% | SCHEDULE 13D/A |
| 2025-07-17 | Galkin Vladimir | 14.3% | SCHEDULE 13D/A |
| 2025-07-21 | Galkin Vladimir | 16.4% | SCHEDULE 13D/A |
| 2025-07-29 | Galkin Vladimir | 17.1% | SCHEDULE 13D/A |
| 2025-08-04 | Galkin Vladimir | 17.4% | SCHEDULE 13D/A |
| 2025-08-06 | Galkin Vladimir | 17.7% | SCHEDULE 13D/A |
| 2025-08-08 | Galkin Vladimir | 18% | SCHEDULE 13D/A |
| 2025-08-11 | Hangzhou Lianluo Interactive Information Technology Co., Ltd. | 60.84% | SCHEDULE 13D/A |
| 2025-08-18 | Galkin Vladimir | 18% | SCHEDULE 13D/A |
| 2025-08-21 | Galkin Vladimir | 17.2% | SCHEDULE 13D/A |
| 2025-09-04 | Galkin Vladimir | 17.6% | SCHEDULE 13D/A |
| 2025-09-12 | Galkin Vladimir | 17.9% | SCHEDULE 13D/A |
| 2025-09-24 | Galkin Vladimir | 18.1% | SCHEDULE 13D/A |
| 2025-09-29 | Galkin Vladimir | 18.2% | SCHEDULE 13D/A |
| 2025-09-30 | Galkin Vladimir | 18.6% | SCHEDULE 13D/A |
| 2025-10-10 | Galkin Vladimir | 19% | SCHEDULE 13D/A |
| 2025-10-17 | Tekhill USA LLC | 22.9% | SCHEDULE 13D/A |
| 2025-10-23 | Galkin Vladimir | 19.1% | SCHEDULE 13D/A |
| 2025-11-07 | Galkin Vladimir | 19.3% | SCHEDULE 13D/A |
| 2025-11-13 | Galkin Vladimir | 19.6% | SCHEDULE 13D/A |
| 2025-11-20 | Galkin Vladimir | 19.8% | SCHEDULE 13D/A |
| 2025-12-08 | Galkin Vladimir | 19.9% | SCHEDULE 13D/A |
| 2025-12-08 | Galkin Vladimir | 20% | SCHEDULE 13D/A |
| 2025-12-18 | Galkin Vladimir | 20.1% | SCHEDULE 13D/A |
| 2025-12-19 | Galkin Vladimir | 20.2% | SCHEDULE 13D/A |
| 2025-12-30 | Galkin Vladimir | 20.3% | SCHEDULE 13D/A |
| 2026-01-07 | Galkin Vladimir | 20.5% | SCHEDULE 13D/A |
| 2026-01-07 | Galkin Vladimir | 20.5% | SCHEDULE 13D/A |
| 2026-01-14 | Galkin Vladimir | 20.5% | SCHEDULE 13D/A |
| 2026-01-22 | Galkin Vladimir | 20.8% | SCHEDULE 13D/A |
| 2026-02-09 | Galkin Vladimir | 21% | SCHEDULE 13D/A |
| 2026-03-31 | Tekhill USA LLC | 22.4% | SCHEDULE 13D/A |
| 2026-06-15 | Digital Grid (Hong Kong) Technology Co., Limited | 54.63% | SCHEDULE 13D/A |
| 2026-10-16 | Tekhill Usa LLC | 19.8% | SCHEDULE 13D/A |
Questions about who owns Newegg Commerce, Inc.
Who owns Newegg Commerce, Inc.?
On this page, 4 holders' latest ownership filings report 5% or more of Newegg Commerce, Inc.: Hangzhou Lianluo Interactive Information Technology Co., Ltd. (60.84%, Schedule 13D/A, filed 2025-08-11), Digital Grid (Hong Kong) Technology Co., Limited (54.63%, Schedule 13D/A, filed 2026-06-15), Galkin Vladimir (21%, Schedule 13D/A, filed 2026-02-09) and Tekhill Usa LLC (19.8%, Schedule 13D/A, filed 2026-10-16).
Who are the largest shareholders of Newegg Commerce, Inc.?
By the share each holder's latest filing reports, the largest holders of Newegg Commerce, Inc. on this page are Hangzhou Lianluo Interactive Information Technology Co., Ltd. (60.84%), Digital Grid (Hong Kong) Technology Co., Limited (54.63%) and Galkin Vladimir (21%).
When did Hangzhou Lianluo Interactive Information Technology Co., Ltd. buy into Newegg Commerce, Inc.?
The filings give report dates, not purchase dates. The earliest filing from Hangzhou Lianluo Interactive Information Technology Co., Ltd. on this page is the Schedule 13D/A, filed 2025-08-11, reporting 60.84%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 38 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.