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GigaCloud director plans sale of 6,000 Class A shares

GigaCloud Technology Inc (GCT) received a notice that director Zhiwu Chen intends to sell 6,000 Class A Ordinary Shares under Rule 144.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

GigaCloud Technology Inc (GCT) received a notice that director Zhiwu Chen intends to sell 6,000 Class A Ordinary Shares under Rule 144. The shares were issued as equity compensation by the company on November 18, 2022, and the planned sale is dated September 14, 2026, through FUTU Securities (Hong Kong) on NASDAQ.

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Shares to be sold 6,000 Class A Ordinary Shares Amount listed as securities to be sold under Rule 144
Par value per share $0.05 per share Stated par value of the Class A Ordinary Shares
Acquisition date November 18, 2022 Date shares were acquired as equity compensation
Planned sale date September 14, 2026 Date listed for the proposed sale on NASDAQ
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
equity compensation financial
"Class A Ordinary Shares ... 11/18/2022 | Equity Compensation | Issuer"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
Class A Ordinary Shares financial
"Class A Ordinary Shares, par value $0.05 per share"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
par value financial
"Class A Ordinary Shares, par value $0.05 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GCT director Zhiwu Chen file in this Form 144?

Zhiwu Chen filed a notice under Rule 144 indicating an intention to sell 6,000 Class A Ordinary Shares of GigaCloud Technology Inc. The filing identifies the shares as having been received as equity compensation from the issuer.

How many GCT shares are covered by this Rule 144 filing?

The filing covers a proposed sale of 6,000 Class A Ordinary Shares of GigaCloud Technology Inc. These shares are stated to have a par value of $0.05 per share and were originally received as equity compensation.

When were the GCT shares to be sold by Zhiwu Chen originally acquired?

The 6,000 GigaCloud Technology Inc Class A Ordinary Shares were acquired on November 18, 2022. The filing describes the acquisition type as Equity Compensation from the issuer.

What is the planned sale date and market for these GCT shares?

The notice lists a planned sale date of September 14, 2026 for the 6,000 Class A Ordinary Shares of GigaCloud Technology Inc, with trading indicated on NASDAQ, using FUTU Securities (Hong Kong) as the broker.

What type of shares are being sold in this GCT Form 144?

The shares are Class A Ordinary Shares of GigaCloud Technology Inc, each with a stated par value of $0.05 per share. The filing identifies these as the securities to be sold under Rule 144.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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