GigaCloud Technology (NASDAQ: GCT) plans sale of 413,942 Class A shares
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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Key Figures
Shares to be sold: 413,942 shares
Aggregate market value of shares to be sold: $22,042,411.5
Shares outstanding: 28,839,563 shares
+3 more
6 metrics
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
Key Terms
Form 144, Class A Ordinary Shares, Equity Compensation, VPF contract
4 terms
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.
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.