[Form 4] GigaCloud Technology Inc Insider Trading Activity
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.
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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.
How many GCT shares were sold in the reported transactions?
The filing shows four sales of GigaCloud Class A ordinary shares: 30,000 shares on November 17, 2025, followed by sales of 25,307 shares, 4,693 shares on November 18, 2025, and 29,319 shares on November 19, 2025, all executed by ICEBERY LIMITED.
At what prices were the GCT shares sold in this Form 4?
The reported sales were made at weighted average prices of $30.3199, $30.54, $31.18, and $31.5077 per Class A ordinary share. For each transaction, the filing notes the lowest and highest prices within the sale range.
How many GCT shares does the reporting person own after these trades?
After the last reported transaction on November 19, 2025, the filing states that 507,486 Class A ordinary shares are beneficially owned indirectly through ICEBERY LIMITED.
Who is ICEBERY LIMITED and how is it related to the GCT officer?
The securities are directly held by ICEBERY LIMITED. The filing states that Xinyan Hao is the sole shareholder and sole director of ICEBERY LIMITED and may be deemed an indirect beneficial owner of the shares held by ICEBERY LIMITED.
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).