STOCK TITAN

GigaCloud insider plans $2.8M sale of 53,150 shares

Trustee Marshall R. Bernes files to resell 53,150 GCT shares under Rule 144 following prior open-market sales.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

GigaCloud Technology Inc (GCT) is the issuer for which Marshall R. Bernes filed a notice to sell restricted or control shares under Rule 144. The notice covers 53,150 common shares, with an aggregate market value of $2,842,483.00, out of 35,710,237 shares outstanding as of September 21, 2026, listed on Nasdaq.

Bernes’ account is held as trustee of the Marshall R. Bernes Family Trust, and shares were acquired through open market purchases and stock grants from the issuer. In the prior three months, the trust sold 5,000 shares on August 10, 2026 for $264,343.68 and 10,000 shares on August 13, 2026 for $530,008.00.

Positive

  • None.

Negative

  • None.
Shares to be sold under Rule 144 53,150 shares Common shares covered by the notice to be sold
Aggregate market value of shares to be sold $2,842,483.00 Market value of the 53,150 shares covered by the notice
Shares outstanding 35,710,237 shares Common shares outstanding as of September 21, 2026
Recent sale August 10, 2026 5,000 shares for $264,343.68 Common shares sold by the trust on August 10, 2026
Recent sale August 13, 2026 10,000 shares for $530,008.00 Common shares sold by the trust on August 13, 2026
Open market purchases 16,000 shares Shares acquired via open market between September 15, 2023 and December 27, 2024
Stock grants from issuer 37,150 shares Shares acquired via stock grants between September 28, 2023 and April 7, 2026
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Open Market Purchases financial
"Various: Open Market Purchases and Stock Grants from Issuer"
Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.
Cash and Equity Compensation financial
"Cash and Equity Compensation"
trustee financial
"Account is registered: Marshall R Bernes TTEE Marshall R Bernes Family Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for GCT?

The filing discloses that Marshall R. Bernes, as trustee of a family trust, intends to sell 53,150 common shares of GigaCloud Technology Inc (GCT) under Rule 144, with an aggregate market value of $2,842,483.00.

How many GCT shares are outstanding in this Form 144?

The notice states that 35,710,237 common shares of GigaCloud Technology Inc (GCT) were outstanding as of September 21, 2026. This is a baseline share count and not the amount being sold.

What GCT share sales has Marshall R. Bernes made in the last 3 months?

In the preceding three months, the trust associated with Marshall R. Bernes sold 5,000 GCT shares on August 10, 2026 for $264,343.68 and 10,000 shares on August 13, 2026 for $530,008.00.

How were the GCT shares in this Form 144 acquired?

The filing states that the client acquired shares through various methods, including open market purchases totaling 16,000 shares between September 15, 2023 and December 27, 2024, and stock grants from the issuer totaling 37,150 shares between September 28, 2023 and April 7, 2026.

On which market is GigaCloud Technology Inc (GCT) listed in this filing?

The notice identifies Nasdaq as the market where GigaCloud Technology Inc (GCT) common shares are traded in connection with this Rule 144 resale.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

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

Keep reading