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GCT Form 4: President Disposes 9,000 Shares, Retains 20,000 RSU Shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

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.

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).
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*
SCHROCK IMAN AJ

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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 08/21/2025 S 9,000 D $29.936(1) 20,000 D
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
Explanation of Responses:
1. Represents Issuer's Class A ordinary shares issued pursuant to restricted share units granted to the Reporting Person under the Issuer's 2017 share incentive plan.
Remarks:
/s/ Lei Wu, Attorney-in-fact 08/22/2025
** 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.

FAQ

What did GCT insider Iman Schrock report on Form 4?

The Form 4 reports a sale of 9,000 Class A ordinary shares on 08/21/2025 at a price of $29.936 per share and shows 20,000 shares beneficially owned following the transaction.

Were the shares related to any equity compensation plan?

Yes. The filing states the shares represent Class A ordinary shares issued pursuant to restricted share units granted under the issuer's 2017 share incentive plan.

Who filed and signed the Form 4 for GCT?

The Form 4 is signed by Lei Wu, Attorney-in-fact on 08/22/2025 on behalf of the reporting person.

What is the reporting person's relationship to GigaCloud?

The reporting person, Iman Schrock, is listed as President and an officer of GigaCloud Technology Inc.

Does the filing show any derivative transactions or 10b5-1 plan?

No. The filing discloses only a non-derivative sale of Class A ordinary shares and does not indicate any derivative transactions or that the sale was made pursuant to a 10b5-1 plan.
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1.50B
25.70M
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8.39%
Software - Infrastructure
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United States
EL MONTE