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CEO-linked entities trim GigaCloud (GCT) stake with 128K share plan sales

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

Rhea-AI Filing Summary

GigaCloud Technology Inc reported that entities associated with Chief Executive Officer Lei Wu, including Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, sold 128,090 Class A Ordinary Shares in open-market transactions from March 3–5, 2026 under 10b5-1 trading plans.

The shares were sold at prices between $40.09 and $45.07 per share. After these sales, the entities indirectly held 390,000 Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares, with the Class B shares convertible into an equal number of Class A shares at no cost.

Positive

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Negative

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Insights

CEO-associated entities executed pre-planned net sales of 128,090 GigaCloud Class A shares.

Entities tied to GigaCloud Technology CEO Lei Wu sold 128,090 Class A Ordinary Shares over March 3–5, 2026. The transactions were open-market sales executed under 10b5-1 trading plans, indicating they were pre-arranged rather than discretionary trades reacting to short-term developments.

Sale prices ranged from $40.09 to $45.07 per share. Following these trades, the entities continued to hold 390,000 Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares, which are convertible one-for-one into Class A shares. The filing also includes a standard disclaimer that the reporting persons are not admitting beneficial ownership for legal purposes.

Insider Wu Lei, JI XIANG HU TONG HOLDINGS LTD, SHAN LAO HU TONG LLC
Role Chief Executive Officer | Chief Executive Officer | Chief Executive Officer
Sold 128,090 shs ($5.44M)
Type Security Shares Price Value
Sale Class A Ordinary Shares, par value $0.05 per share 27,063 $43.05 $1.17M
Sale Class A Ordinary Shares, par value $0.05 per share 2,937 $43.70 $128K
Sale Class A Ordinary Shares, par value $0.05 per share 9,090 $43.52 $396K
Sale Class A Ordinary Shares, par value $0.05 per share 29,310 $44.20 $1.30M
Sale Class A Ordinary Shares, par value $0.05 per share 1,600 $44.94 $72K
Sale Class A Ordinary Shares, par value $0.05 per share 33,901 $40.44 $1.37M
Sale Class A Ordinary Shares, par value $0.05 per share 15,906 $41.47 $660K
Sale Class A Ordinary Shares, par value $0.05 per share 8,283 $42.33 $351K
holding Class B Ordinary Shares, par value $0.05 per share -- -- --
Holdings After Transaction: Class A Ordinary Shares, par value $0.05 per share — 392,937 shares (Indirect, By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited); Class B Ordinary Shares, par value $0.05 per share — 7,276,732 shares (Indirect, By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited)
Footnotes (1)
  1. The shares were sold pursuant to the 10b5-1 plans. Represents the weighted average sale price. The lowest price at which shares were sold was $40.09 and the highest price at which shares were sold was $41.00. 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. 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. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $41.10 and the highest price at which shares were sold was $42.09. Represents the weighted average sale price. The lowest price at which shares were sold was $42.12 and the highest price at which shares were sold was $42.63 Represents the weighted average sale price. The lowest price at which shares were sold was $42.84 and the highest price at which shares were sold was $43.81. Represents the weighted average sale price. The lowest price at which shares were sold was $43.85 and the highest price at which shares were sold was $44.82. Represents the weighted average sale price. The lowest price at which shares were sold was $44.87 and the highest price at which shares were sold was $45.07. Represents the weighted average sale price. The lowest price at which shares were sold was $42.53 and the highest price at which shares were sold was $43.52. Represents the weighted average sale price. The lowest price at which shares were sold was $43.53 and the highest price at which shares were sold was $44.03. 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. 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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 CA 91731
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [ GCT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Class A Ordinary Shares, par value $0.05 per share 03/03/2026 S(1) 33,901 D $40.44(2) 484,189 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/03/2026 S(1) 15,906 D $41.47(6) 468,283 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/03/2026 S(1) 8,283 D $42.33(7) 460,000 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/04/2026 S(1) 9,090 D $43.52(8) 450,910 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/04/2026 S(1) 29,310 D $44.2(9) 421,600 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/04/2026 S(1) 1,600 D $44.94(10) 420,000 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/05/2026 S(1) 27,063 D $43.05(11) 392,937 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/05/2026 S(1) 2,937 D $43.7(12) 390,000 I By 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Ordinary Shares, par value $0.05 per share (13) (13) (13) Class A Ordinary Shares, par value $0.05 per share 7,276,732 7,276,732 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(5)(14)
1. Name and Address of Reporting Person*
Wu Lei
(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CA 91731
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (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 CA 91731
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (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 SHIRLEY AVENUE
(Street)
EL MONTE CA 91731
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (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 $40.09 and the highest price at which shares were sold was $41.00.
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 $41.10 and the highest price at which shares were sold was $42.09.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $42.12 and the highest price at which shares were sold was $42.63
8. Represents the weighted average sale price. The lowest price at which shares were sold was $42.84 and the highest price at which shares were sold was $43.81.
9. Represents the weighted average sale price. The lowest price at which shares were sold was $43.85 and the highest price at which shares were sold was $44.82.
10. Represents the weighted average sale price. The lowest price at which shares were sold was $44.87 and the highest price at which shares were sold was $45.07.
11. Represents the weighted average sale price. The lowest price at which shares were sold was $42.53 and the highest price at which shares were sold was $43.52.
12. Represents the weighted average sale price. The lowest price at which shares were sold was $43.53 and the highest price at which shares were sold was $44.03.
13. 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.
14. 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 Wu 03/05/2026
/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director 03/05/2026
/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member 03/05/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

How many GigaCloud (GCT) shares did CEO-associated entities sell in this Form 4?

Entities associated with GigaCloud (GCT) CEO Lei Wu sold 128,090 Class A Ordinary Shares. These were open-market sales over three days, executed under 10b5-1 trading plans, at prices between $40.09 and $45.07 per share, according to the Form 4 data.

Over what dates did the GigaCloud (GCT) insider share sales occur?

The reported insider sales for GigaCloud (GCT) occurred on March 3, 4, and 5, 2026. Across these three trading days, entities linked to CEO Lei Wu completed multiple open-market transactions in Class A Ordinary Shares under pre-established Rule 10b5-1 plans.

At what prices were GigaCloud (GCT) Class A shares sold by the CEO-linked entities?

The CEO-linked entities sold GigaCloud (GCT) Class A Ordinary Shares at prices between $40.09 and $45.07 per share. Individual transactions used weighted-average prices within this range, as detailed in the Form 4 footnotes covering each sale batch.

How many GigaCloud (GCT) shares do the CEO-associated entities hold after these transactions?

After the reported transactions, the CEO-associated entities indirectly held 390,000 Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares. The filing notes that the Class B shares are convertible one-for-one into Class A Ordinary Shares at no cost to the holder.

Were the GigaCloud (GCT) insider sales part of a 10b5-1 trading plan?

Yes. The Form 4 footnotes state that the GigaCloud (GCT) shares were sold pursuant to 10b5-1 plans. Such plans allow insiders to pre-schedule trades, helping separate these transactions from day-to-day decisions based on short-term market or company developments.

Who is attributed with the GigaCloud (GCT) share sales reported in this Form 4?

The sales are attributed to entities Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, which are associated with CEO Lei Wu. The filing explains Lei Wu may be deemed an indirect beneficial owner but includes a disclaimer against admitting beneficial ownership for legal purposes.