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GigaCloud Technology (NASDAQ: GCT) plans sale of 413,942 Class A shares

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

GigaCloud Technology is preparing to sell 413,942 Class A Ordinary Shares, par value $0.05 per share, through UBS Securities LLC on or after August 10, 2026. The shares have an indicated aggregate market value of $22,042,411.5, with 28,839,563 Class A shares outstanding. The shares were originally acquired on July 1, 2021 as equity compensation, with Class B Ordinary Shares to be converted into Class A in connection with any sales. In the past three months, a holder associated with JI XIANG HU TONG HOLDINGS LTD entered VPF contracts resulting in sales of 43,050 and 243,008 Class A shares on June 2 and June 4, 2026, respectively.

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Shares to be sold 413,942 shares Class A Ordinary Shares proposed for sale under Form 144
Aggregate market value of shares to be sold $22,042,411.5 Market value of 413,942 Class A shares covered by the notice
Shares outstanding 28,839,563 shares Class A Ordinary Shares outstanding as referenced in the notice
Proposed sale date 08/10/2026 Approximate date when sales may commence
VPF sale on June 2, 2026 43,050 shares Class A shares sold under a VPF contract on 06/02/2026
VPF sale on June 4, 2026 243,008 shares Class A shares sold under a VPF contract on 06/04/2026
Form 144 regulatory
"144: Securities Information Class A Ordinary Shares, par value $0.05 per share"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
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.
Equity Compensation financial
"07/01/2021 | Equity Compensation; Class B Ordinary Shares to be converted"
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.
VPF contract financial
"VPF contract for JI XIANG HU TONG HOLDINGS LTD 4388 Shirley Ave"

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

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FAQ

What does GCT’s Form 144 filing disclose about planned share sales?

It discloses a proposed sale of 413,942 Class A Ordinary Shares through UBS Securities LLC, with an indicated aggregate market value of $22,042,411.5 and an anticipated sale date on or after August 10, 2026.

How many GCT Class A shares are outstanding in this Form 144?

The filing states that 28,839,563 Class A Ordinary Shares are outstanding. This figure provides context for the 413,942 shares proposed to be sold under the Form 144 notice.

How were the GCT shares being sold under Form 144 originally acquired?

The 413,942 Class A Ordinary Shares were tied to an award dated July 1, 2021 labeled as Equity Compensation, with Class B Ordinary Shares to be converted to Class A in connection with any sales.

Which broker is handling the proposed GCT share sale in this Form 144?

The proposed sale of 413,942 Class A Ordinary Shares is listed through UBS Securities LLC, located at 11 Madison Avenue, 4F, New York, NY 10010, acting as the broker for these transactions.

What GCT share transactions occurred in the past 3 months under VPF contracts?

The filing lists VPF-related sales of 43,050 Class A shares on June 2, 2026 and 243,008 Class A shares on June 4, 2026 for an entity named JI XIANG HU TONG HOLDINGS LTD.

What is the approximate market value of GCT shares covered by this Form 144?

The 413,942 Class A Ordinary Shares proposed for sale have an indicated aggregate market value of $22,042,411.5, based on the pricing information included in the Form 144 disclosure.

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