GCT insider Form 4: COO reports 10b5-1 share sales
Rhea-AI Filing Summary
GigaCloud Technology Inc. (GCT) reported insider share sales by its Chief Operating Officer, who files as an officer and reports indirect ownership through ICEBERY LIMITED. The filing covers several open-market sales of Class A ordinary shares made under Rule 10b5-1 trading plans.
On November 17, 2025, ICEBERY LIMITED sold 30,000 Class A shares at a weighted average price of $30.3199. On November 18, 2025, it reported sales of 25,307 and 4,693 shares at weighted average prices of $30.54 and $31.18, respectively. On November 19, 2025, it sold 29,319 shares at a weighted average price of $31.5077.
After these transactions, ICEBERY LIMITED was reported to beneficially own 507,486 Class A ordinary shares, all shown as indirectly owned by the COO through ICEBERY LIMITED. The COO is identified as the sole shareholder and sole director of ICEBERY LIMITED, though the filing states this is not an admission of beneficial ownership for legal purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 29,319 | $31.5077 | $924K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 25,307 | $30.54 | $773K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 4,693 | $31.18 | $146K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 30,000 | $30.3199 | $910K |
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 $31.01 and the highest price at which shares were sold was $32.00. The securities are directly held by ICEBERY LIMITED. Xinyan Hao is the sole shareholder and sole director of ICEBERY LIMITED and may be deemed to be an indirect beneficial owner of the securities held by ICEBERY 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 $30.09 and the highest price at which shares were sold was $31.09. Represents the weighted average sale price. The lowest price at which shares were sold was $31.10 and the highest price at which shares were sold was $31.30. Represents the weighted average sale price. The lowest price at which shares were sold was $31.15 and the highest price at which shares were sold was $31.88.
FAQ
What did GigaCloud Technology Inc. (GCT) disclose in this Form 4 filing?
The filing reports that the Chief Operating Officer of GigaCloud Technology Inc., through ICEBERY LIMITED, executed several open-market sales of Class A ordinary shares under Rule 10b5-1 trading plans and updated the number of shares indirectly owned after these transactions.
Were the GCT insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing explains that the shares were sold pursuant to 10b5-1 plans, which are pre-arranged trading plans intended to meet the affirmative defense conditions of Rule 10b5-1(c).