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GigaCloud (NASDAQ: GCT) CEO-linked entities sell 90,000 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

GigaCloud Technology Inc insider entities associated with Chief Executive Officer Lei Wu reported open‑market sales of 90,000 Class A Ordinary Shares over several trades from March 16 to March 18, 2026. The shares were sold indirectly by Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited at prices between $42.38 and $44.93 per share pursuant to pre‑arranged Rule 10b5‑1 trading plans.

Following these transactions, the reporting entities continue to hold 120,000 Class A Ordinary Shares indirectly and 7,276,732 Class B Ordinary Shares, which are convertible at no cost into an equal number of Class A shares. The filing notes that Mr. Wu may be deemed an indirect beneficial owner but disclaims beneficial ownership for certain legal purposes.

Positive

  • None.

Negative

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wu Lei

(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE

(Street)
EL MONTE CALIFORNIA 91731

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [ GCT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Ordinary Shares, par value $0.05 per share03/16/2026S(1)29,510D$42.38(2)180,490IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share03/16/2026S(1)490D$43.03(6)180,000IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share03/17/2026S(1)17,280D$43.05(7)162,720IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share03/17/2026S(1)9,185D$44.06(8)153,535IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share03/17/2026S(1)3,535D$44.93(9)150,000IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share03/18/2026S(1)25,427D$43.12(10)124,573IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share03/18/2026S(1)4,573D$43.71(11)120,000IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Ordinary Shares, par value $0.05 per share(12) (12) (12)Class A Ordinary Shares, par value $0.05 per share7,276,7327,276,732IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(5)(13)
1. Name and Address of Reporting Person*
Wu Lei

(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE

(Street)
EL MONTE CALIFORNIA 91731

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
JI XIANG HU TONG HOLDINGS LTD

(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE

(Street)
EL MONTE CALIFORNIA 91731

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
SHAN LAO HU TONG LLC

(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRELY AVENUE

(Street)
EL MONTE CALIFORNIA 91731

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
Explanation of Responses:
1. The shares were sold pursuant to the 10b5-1 plans.
2. Represents the weighted average sale price. The lowest price at which shares were sold was $41.96 and the highest price at which shares were sold was $42.95.
3. Lei Wu ("Mr. Wu") is the sole member and sole manager of a limited liability company, Shan Lao Hu Tong LLC, that is the sole shareholder of Ji Xiang Hu Tong Holdings Limited. As a result of these relationships, Mr. Wu may be deemed to be an indirect beneficial owner of the securities held by Ji Xiang Hu Tong Holdings Limited.
4. Represents Class A ordinary shares, par value of US$0.05 per share, of the Issuer ("Class A Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited.
5. This report shall not be deemed an admission that any of the reporting persons is the beneficial owner of such securities for purposes of Section 16 of Securities Exchange Act of 1934, as amended, or for any other purpose.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $42.98 and the highest price at which shares were sold was $43.13.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $42.61 and the highest price at which shares were sold was $43.60.
8. Represents the weighted average sale price. The lowest price at which shares were sold was $43.61 and the highest price at which shares were sold was $44.60.
9. Represents the weighted average sale price. The lowest price at which shares were sold was $44.63 and the highest price at which shares were sold was $45.37.
10. Represents the weighted average sale price. The lowest price at which shares were sold was $42.59 and the highest price at which shares were sold was $43.58.
11. Represents the weighted average sale price. The lowest price at which shares were sold was $43.59 and the highest price at which shares were sold was $44.05.
12. The Class B Ordinary Shares are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares at no cost.
13. Represents Class B ordinary shares, par value of US$0.05 per share, of the Issuer ("Class B Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited.
Remarks:
/s/ Lei Wu03/18/2026
/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director03/18/2026
/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GigaCloud Technology Inc (GCT) report in this Form 4?

The filing reports open-market sales totaling 90,000 Class A Ordinary Shares of GigaCloud Technology Inc. These sales occurred over multiple trades at prices in the low-to-mid $40s per share during March 2026.

Who executed the 90,000-share GigaCloud (GCT) sales disclosed in this Form 4?

The sales were executed by entities Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited. They are associated with CEO Lei Wu, who may be deemed an indirect beneficial owner, though the filing formally disclaims beneficial ownership for certain legal purposes.

At what prices were the 90,000 GigaCloud (GCT) shares sold?

The Class A Ordinary Shares were sold in open-market transactions at prices between $42.38 and $44.93 per share. Footnotes also provide weighted average prices and intraday low and high sale prices for the reported trade groupings.

Were GigaCloud (GCT) insider sales made under a Rule 10b5-1 trading plan?

Yes. A footnote states the shares were sold pursuant to 10b5-1 plans. These pre-arranged trading plans are established in advance and are designed to allow insiders to sell shares on a scheduled basis, reducing discretion over trade timing.

How many GigaCloud (GCT) shares do the reporting entities hold after these transactions?

After the reported sales, the entities hold 120,000 Class A Ordinary Shares indirectly. They also hold 7,276,732 Class B Ordinary Shares, each convertible at no cost into one Class A share, representing a substantial remaining position.

What is the significance of GigaCloud (GCT) Class B shares mentioned in the Form 4?

The filing shows 7,276,732 Class B Ordinary Shares held indirectly. A footnote explains these Class B shares are convertible at any time, at the holder’s option and at no cost, into an equal number of Class A Ordinary Shares.
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