GCT (NASDAQ: GCT) planned sale of 800,000 Class A shares under Rule 144

Rhea-AI Filing Summary

A holder of GCT Class A ordinary shares has filed a notice of proposed sale of 800,000 shares under Rule 144. The shares are Class A ordinary shares with a par value of $0.05 per share, to be sold through Futu Securities International (Hong Kong) Ltd. on the NASDAQ market. The filing lists an aggregate market value of $32,760,000 for the 800,000 shares and notes that approximately 28,980,012 shares of this class are outstanding.

The shares to be sold were acquired on 07/01/2020 from the issuer as equity compensation, with “compensation” described as the nature of payment. The approximate date of sale is stated as 01/07/2026, indicating an intention to dispose of this block over time consistent with Rule 144 requirements. The signer represents that they are not aware of any undisclosed material adverse information about the issuer’s operations.

Insights

Equity markets analyst

Large planned Rule 144 sale in GCT, neutral but notable in size.

This notice outlines a planned Rule 144 sale of $32,760,000 worth of GCT Class A ordinary shares, totaling 800,000 shares. These shares were granted as equity compensation on 07/01/2020 and are now slated for potential sale on or after an approximate date of 01/07/2026, using Futu Securities International as broker on NASDAQ.

The filing also states that 28,980,012 Class A ordinary shares are outstanding, so this represents a meaningful but not dominant block relative to that baseline. Rule 144 sales are a standard pathway for holders of restricted or control securities to sell into the market, and the representation that the seller knows no undisclosed material adverse information is part of that framework. Actual market impact, if any, would depend on how and when these shares are placed over time.

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

Relationship to Issuer

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, par value $0.05 per share	Futu Securities International (Hong Kong) Ltd. 11/F, Bangkok Bank Building 18 Bonham Strand West, Sheung Wan Hong Kong F4 00000	800000	32760000	28980012	01/07/2026	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, par value $0.05 per share	07/01/2020	Equity Compensation	Issuer			800000	07/01/2020	Compensation

* 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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

How many GCT Class A shares are planned to be sold under this Rule 144 notice?

The notice covers a proposed sale of 800,000 Class A ordinary shares of GCT, with a stated aggregate market value of $32,760,000.

What is the aggregate market value of the GCT shares covered by this planned sale?

The filing lists an aggregate market value of $32,760,000 for the 800,000 GCT Class A ordinary shares to be sold.

How many GCT Class A ordinary shares are outstanding according to this filing?

The document states that there are 28,980,012 Class A ordinary shares outstanding.

When were the GCT shares to be sold originally acquired and how?

The 800,000 shares were acquired on 07/01/2020 from the issuer as equity compensation, with the nature of payment described as compensation.

What is the approximate date of sale for the GCT shares in this Rule 144 filing?

The notice indicates an approximate date of sale of 01/07/2026 for the proposed disposition of the 800,000 shares.

Which broker and exchange are listed for this planned GCT share sale?

The filing names Futu Securities International (Hong Kong) Ltd. as the broker, with trading on the NASDAQ exchange.

Does the seller make any representation about undisclosed adverse information on GCT?

Yes. By signing, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.