GCT Form 4: President Disposes 9,000 Shares, Retains 20,000 RSU Shares
Rhea-AI Filing Summary
GigaCloud Technology Inc (GCT) Form 4: Iman Schrock, listed as President and officer, reported transactions with an earliest transaction date of 08/21/2025. The filing shows a sale of 9,000 Class A ordinary shares at a reported price of $29.936 per share. After the reported transaction(s), the reporting person beneficially owns 20,000 Class A ordinary shares in a direct ownership form. The filing explains these shares represent Class A ordinary shares issued pursuant to restricted share units under the issuer's 2017 share incentive plan. The Form 4 is signed by an attorney-in-fact, Lei Wu, on 08/22/2025.
Positive
- Disclosure compliance: The insider transaction is reported on Form 4 with transaction date and details, supporting regulatory transparency.
- Continued ownership: The reporting person still beneficially owns 20,000 Class A ordinary shares after the reported transaction.
Negative
- Insider sale: The President sold 9,000 Class A ordinary shares at $29.936 per share, which could be viewed negatively by some investors.
Insights
TL;DR: Officer sale of 9,000 shares at $29.936; retains 20,000 shares from RSUs, a routine insider liquidity event.
The filing documents a direct sale by the company's President on 08/21/2025 of 9,000 Class A ordinary shares at $29.936 each, with 20,000 shares remaining beneficially owned. The shares originated from restricted share units granted under the 2017 incentive plan, per the explanation. This is a standard Section 16 disclosure of insider activity; no derivative transactions or additional unusual terms are reported. The document is signed by an attorney-in-fact, indicating the filing was made by a representative rather than the reporting person personally.
TL;DR: Transaction is disclosed and tied to RSUs; disclosure appears complete and compliant with Section 16 reporting.
The Form 4 records the disposition of 9,000 shares and states the remaining 20,000 shares are held directly. The filing includes the customary explanatory note that shares were issued pursuant to restricted share units under the 2017 plan. The signature by an attorney-in-fact is properly provided. There are no indications of other related-party transactions, plans (e.g., 10b5-1), or amendments in this filing.