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GigaCloud (GCT) Director Receives 883 RSU Shares Under 2017 Plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GigaCloud Technology Inc. director Chen Zhiwu was issued 883 Class A ordinary shares on 08/17/2025, increasing his beneficial ownership to 23,974 shares. The shares were issued at $0 as the settlement of restricted share units granted under the issuer's 2017 share incentive plan. The Form 4 was filed individually and signed by an attorney-in-fact on behalf of the reporting person. No derivative transactions or sales are reported on this form.

Positive

  • 883 Class A ordinary shares were issued to director Chen Zhiwu on 08/17/2025
  • Shares were issued pursuant to the 2017 share incentive plan, indicating use of established equity compensation
  • Beneficial ownership increased to 23,974 shares, disclosed on Form 4

Negative

  • None.

Insights

TL;DR: Director received 883 shares via RSUs, modestly increasing insider ownership; transaction appears routine and non-cash.

The Form 4 discloses a non-cash issuance of 883 Class A ordinary shares to a director under the company’s 2017 incentive plan, raising his total holdings to 23,974 shares. This is a typical equity compensation settlement and does not show any cash purchase or sale. For investors, the item signals continued use of equity-based incentives for directors but is not a material ownership change relative to a public-company equity base.

TL;DR: Equity settlement of RSUs to a director reflects normal governance practices; disclosure is complete and timely.

The filing indicates the shares were issued pursuant to restricted share units under the 2017 share incentive plan and was reported on Form 4 with an attorney-in-fact signature. The disclosure meets Section 16 reporting requirements for insider grants. No additional governance concerns or unusual terms are disclosed in this filing.

Insider Chen Zhiwu
Role Director
Type Security Shares Price Value
Grant/Award Class A Ordinary Shares, par value $0.05 per share 883 $0.00 --
Holdings After Transaction: Class A Ordinary Shares, par value $0.05 per share — 23,974 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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*
Chen Zhiwu
(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2025
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 08/17/2025 A 883 A $0(1) 23,974 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 08/19/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Chen Zhiwu report on Form 4 for GCT?

The Form 4 reports issuance of 883 Class A ordinary shares to Chen Zhiwu on 08/17/2025.

Were the shares purchased for cash in the reported transaction?

No; the shares were issued at a price of $0 as settlement of restricted share units.

Under which plan were the shares issued?

The shares were issued pursuant to the issuer’s 2017 share incentive plan.

How many shares does the reporting person beneficially own after the transaction?

Following the reported transaction the reporting person beneficially owns 23,974 shares.

Does the Form 4 show any derivative transactions or sales?

No; Table II for derivative securities shows no transactions and the filing only reports the non-derivative issuance.