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.
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.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 6,000 Class A Ordinary Shares
Par value per share: $0.05 per share
Acquisition date: November 18, 2022
+1 more
4 metrics
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
Key Terms
Rule 144, equity compensation, Class A Ordinary Shares, par value
4 terms
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.