GCT Form 144 Filed for 24,000 Class A Shares on Nasdaq

Rhea-AI Filing Summary

Form 144 notice from GigaCloud Technology Inc (GCT) reports a proposed sale of 24,000 Class A Ordinary Shares via Charles Schwab with an aggregate market value of $778,920. The shares were acquired in the open market on 05/22/2024 for cash and are planned for sale on or about 08/18/2025 on Nasdaq. The filing lists 29,589,331 shares outstanding for the class and states that no other securities were sold by the reporting person in the past three months. The notice includes the standard representation that the seller is unaware of any undisclosed material adverse information about the issuer.

Positive

• Required disclosure completed: A Form 144 was filed, providing market transparency for the proposed sale.
• Source and payment documented: Shares were acquired in the open market on 05/22/2024 and paid in cash, as stated.
• Broker and venue specified: Charles Schwab & Co and Nasdaq are identified for the planned sale.

Negative

• No indications of other recent sales: The filing states "Nothing to Report" for securities sold in the past three months, providing no additional liquidity context.
• Limited context on seller identity: The filing does not disclose the specific person or their relationship beyond the required fields in this extract.

Insights

Securities Compliance Analyst

TL;DR Routine Rule 144 notice for a planned open-market sale of 24,000 shares valued at $778,920; filing meets disclosure requirements.

The filing documents a proposed Rule 144 sale through Charles Schwab of 24,000 Class A Ordinary Shares, acquired on 05/22/2024 in an open-market purchase paid in cash. It specifies the approximate sale date (08/18/2025), the exchange (Nasdaq), and a current shares‑outstanding figure of 29,589,331 for the class. The seller reports no other sales in the prior three months and affirms lack of undisclosed material adverse information. From a compliance perspective, the form contains the required fields to notify the market of an intended restricted/controlled sale.

Equity Trading Specialist

TL;DR Transaction appears to be a routine planned disposition of shares acquired in the open market and slated for sale via a retail broker.

The broker listed is Charles Schwab & Co and the trade size is 24,000 shares with an aggregate market value of $778,920. Acquisition date and payment method (cash) are provided, supporting traceability of the lot. The filing does not show any other dispositions in the last three months, and it names the planned trading venue as Nasdaq. The information provided is sufficient for market transparency on this specific proposed sale.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Ordinary Shares	Charles Schwab & Co 3000 Schwab Way Westlake TX 76262	24000	778920.00	29589331	08/18/2025	Nasdaq

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Ordinary Shares	05/22/2024	Open Market Purchase	N/A			24000	05/22/2024	Cash

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the GCT Form 144 report?

The filing reports a proposed sale of 24,000 Class A Ordinary Shares of GigaCloud Technology Inc with an aggregate market value of $778,920.

When were the shares acquired and how were they paid for?

The shares were acquired on 05/22/2024 via an open market purchase and payment was made in cash on that date.

When is the approximate date of the planned sale?

The filing lists the approximate date of sale as 08/18/2025 and identifies Nasdaq as the exchange.

Which broker is handling the proposed sale?

The broker named in the filing is Charles Schwab & Co with address shown in the notice.

How many Class A shares are outstanding according to the filing?

The filing reports 29,589,331 shares outstanding for the Class A Ordinary Shares.