GigaCloud Technology (GCT) CEO-linked entities sell 40K Class A shares
Rhea-AI Filing Summary
GigaCloud Technology Inc insider entities associated with Chief Executive Officer Lei Wu reported selling a total of 40,000 Class A Ordinary Shares on January 7–8, 2026 under pre-established Rule 10b5-1 trading plans. The shares were sold in four transactions at weighted average prices ranging from about $41.37 to $42.48, with detailed price ranges provided for each trade. After these sales, the entities reported indirect beneficial ownership of 820,000 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
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 17,544 | $41.37 | $726K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 2,456 | $42.13 | $103K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 4,421 | $41.951 | $185K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 15,579 | $42.481 | $662K |
| holding | Class B Ordinary Shares, par value $0.05 per share | -- | -- | -- |
Footnotes (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 $41.12 and the highest price at which shares were sold was $42.115. 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 $42.125 and the highest price at which shares were sold was $43.08. Represents the weighted average sale price. The lowest price at which shares were sold was $40.99 and the highest price at which shares were sold was $41.97. Represents the weighted average sale price. The lowest price at which shares were sold was $42.01 and the highest price at which shares were sold was $42.31. 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.
FAQ
Were the GCT insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote explains that the shares were sold pursuant to 10b5-1 plans, which are pre-arranged trading programs intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).