GCT Insider Plans Sale of 300K Shares via J.P. Morgan; $8.9M Value

Rhea-AI Filing Summary

GigaCloud Technology Inc. (GCT) filed a Form 144 notifying the proposed sale of 300,000 Class A ordinary shares through J.P. Morgan Securities LLC on 09/29/2025. The filing lists an aggregate market value of $8,898,000 and reports 29,589,331 shares outstanding. The shares were acquired on 12/31/2021 via a stock option exercise and paid for in cash. The filer reports no securities sold in the past three months and includes the standard representation about material nonpublic information and possible reliance on a Rule 10b5-1 trading plan.

Positive

• Filing complies with Rule 144 disclosure requirements and identifies a broker (J.P. Morgan Securities LLC)
• Securities were acquired via stock option exercise and paid in cash, clearly documented
• No securities sold in the past three months by the person for whose account the sale is proposed

Negative

• Proposed sale of 300,000 shares, representing a disclosed portion of outstanding stock (300,000 of 29,589,331)
• Aggregate market value of $8,898,000 for the proposed sale could be material to holders depending on market liquidity

Insights

Securities Analyst

TL;DR: Insider plans to sell 300,000 shares (approximate 1.0% of outstanding), a routine disclosure with limited immediate market impact.

The Form 144 documents a proposed brokered sale of 300,000 Class A shares through J.P. Morgan, originating from a 2021 stock option exercise paid in cash. The disclosed aggregate market value is $8.9 million and the company has 29.59 million shares outstanding. This is a compliance-driven disclosure required for certain controlled or affiliate sales and, absent other contemporaneous issues, typically signals a liquidity event rather than a corporate change. The filing also states no reportable sales in the prior three months, which can indicate the sale is not part of a frequent disposal pattern.

Corporate Governance Expert

TL;DR: The notice appears procedurally complete and includes the standard insider certification; governance concerns depend on context not provided here.

The filing includes the representation that the signer is not aware of undisclosed material adverse information and references Rule 10b5-1 plan adoption if applicable. It documents acquisition via stock option exercise on 12/31/2021 with cash payment, which is routine for insider option liquidity. Without additional context on the filer’s role or any clustering of insider sales, the disclosure itself raises governance questions only if accompanied by other material events not present in this notice.

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, par value $0.05 per share	J.P. Morgan Securities LLC 390 Madison Avenue, 6th Floor New York NY 10017	300000	8898000	29589331	09/29/2025	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, par value $0.05 per share	12/31/2021	Stock Option Exercise	Issuer			300000	12/31/2021	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

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

What exactly is being sold under the Form 144 for GCT?

300,000 Class A ordinary shares are proposed to be sold through J.P. Morgan Securities LLC with an aggregate market value of $8,898,000.

When is the proposed sale date listed in the filing?

09/29/2025 is listed as the approximate date of sale.

How and when were the shares being sold originally acquired?

The shares were acquired on 12/31/2021 via a stock option exercise and paid for in cash.

Does the filing report any sales in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Which broker is handling the proposed sale?

J.P. Morgan Securities LLC, located at 390 Madison Avenue, New York, NY, is listed as the broker.