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GigaCloud Technology insider updates holdings after November share sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

GigaCloud Technology Inc. (GCT) filed a Form 4 reporting insider share sales by its Chief Operating Officer. The filing shows that, through ICEBERY LIMITED, the reporting person sold Class A Ordinary Shares on several days in mid-November 2025. Reported sales included 24,554 shares at a weighted average price of $31.28 on November 12, 2025, additional blocks of 5,446, 21,432 and 8,568 shares at weighted average prices between $31.85 and $32.85 on November 12–13, 2025, and 30,000 shares at a weighted average price of $30.4199 on November 14, 2025. After these transactions, ICEBERY LIMITED is shown as beneficially owning 596,805 Class A Ordinary Shares, which are indirectly attributed to the COO. The filing notes that the sales were made under Rule 10b5-1 trading plans and that weighted average prices reflect multiple trades within the stated price ranges.

Positive

  • None.

Negative

  • None.

Insights

COO, via an affiliated entity, sold 90,000 Class A shares under a Rule 10b5-1 plan, modestly reducing indirect ownership.

The filing shows that **ICEBERY LIMITED**, indirectly associated with the issuer’s **Chief Operating Officer**, sold a total of 90,000 **Class A Ordinary Shares** over three days from 11/12/2025 to 11/14/2025. After these sales, the entity’s indirect holdings stand at 596,805 Class A shares. All reported transactions are dispositions coded "S" and involve non-derivative equity; no derivative positions are reported in Table II.

The sales occurred under pre-arranged **Rule 10b5-1** trading plans, which reduces the implication that the timing reflects new, non-public information. Prices realized ranged from about $30.00 to $33.39, with reported weighted average sale prices between $30.4199 and $32.85. The explanation clarifies that the reporting person may be deemed an indirect beneficial owner through sole ownership and directorship of ICEBERY LIMITED, while also expressly declining any admission of beneficial ownership for legal purposes.

Readers tracking insider activity can observe that an executive officer has reduced indirect exposure but retains a substantial remaining position of 596,805 shares as of 11/14/2025. A concrete item to watch is any continuation of similar 10b5-1 plan sales in subsequent Form 4 filings over the coming quarters, which would show whether this is a one-time reduction or part of an ongoing diversification pattern.

Insider Hao Xinyan, ICEBERY LTD
Role Chief Operating Officer | Chief Operating Officer
Sold 90,000 shs ($2.82M)
Type Security Shares Price Value
Sale Class A Ordinary Shares, par value $0.05 per share 30,000 $30.4199 $913K
Sale Class A Ordinary Shares, par value $0.05 per share 21,432 $31.85 $683K
Sale Class A Ordinary Shares, par value $0.05 per share 8,568 $32.85 $281K
Sale Class A Ordinary Shares, par value $0.05 per share 24,554 $31.28 $768K
Sale Class A Ordinary Shares, par value $0.05 per share 5,446 $32.36 $176K
Holdings After Transaction: Class A Ordinary Shares, par value $0.05 per share — 596,805 shares (Indirect, By ICEBERY LIMITED)
Footnotes (1)
  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 $32.01 and the highest price at which shares were sold was $32.78. Represents the weighted average sale price. The lowest price at which shares were sold was $31.39 and the highest price at which shares were sold was $32.39. Represents the weighted average sale price. The lowest price at which shares were sold was $32.42 and the highest price at which shares were sold was $33.39. Represents the weighted average sale price. The lowest price at which shares were sold was $30.00 and the highest price at which shares were sold was $30.94.
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).
X
 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*
Hao Xinyan
(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)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 11/12/2025 S(1) 24,554 D $31.28(2) 662,251 I By ICEBERY LIMITED(3)
Class A Ordinary Shares, par value $0.05 per share 11/12/2025 S(1) 5,446 D $32.36(4) 656,805 I By ICEBERY LIMITED(3)
Class A Ordinary Shares, par value $0.05 per share 11/13/2025 S(1) 21,432 D $31.85(5) 635,373 I By ICEBERY LIMITED(3)
Class A Ordinary Shares, par value $0.05 per share 11/13/2025 S(1) 8,568 D $32.85(6) 626,805 I By ICEBERY LIMITED(3)
Class A Ordinary Shares, par value $0.05 per share 11/14/2025 S(1) 30,000 D $30.4199(7) 596,805 I By ICEBERY LIMITED(3)
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
1. Name and Address of Reporting Person*
Hao Xinyan
(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CA 91731
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
1. Name and Address of Reporting Person*
ICEBERY LTD
(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CA 91731
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
Explanation of Responses:
1. The shares were sold pursuant to the 10b5-1 plans.
2. 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.
3. 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.
4. Represents the weighted average sale price. The lowest price at which shares were sold was $32.01 and the highest price at which shares were sold was $32.78.
5. Represents the weighted average sale price. The lowest price at which shares were sold was $31.39 and the highest price at which shares were sold was $32.39.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $32.42 and the highest price at which shares were sold was $33.39.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $30.00 and the highest price at which shares were sold was $30.94.
Remarks:
/s/ Lei Wu, Attorney-in-fact, for each of the reporting persons named herein 11/14/2025
** 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 does the latest Form 4 for GigaCloud Technology Inc. (GCT) report?

The Form 4 reports that the Chief Operating Officer of GigaCloud Technology Inc. (GCT), through ICEBERY LIMITED, sold multiple blocks of Class A Ordinary Shares over several days in November 2025 and updated the number of shares beneficially owned after these sales.

How many GCT shares did the reporting person sell in November 2025?

The filing lists sales of 24,554, 5,446, 21,432, 8,568 and 30,000 Class A Ordinary Shares on November 12–14, 2025, each at a disclosed weighted average sale price.

What prices were GCT shares sold at in this Form 4 filing?

The reported weighted average sale prices were $31.28, $32.36, $31.85, $32.85 and $30.4199 per Class A Ordinary Share, with footnotes giving low and high prices within each transaction’s range.

How many GigaCloud (GCT) shares does ICEBERY LIMITED beneficially own after the reported transactions?

After the reported transactions, the Form 4 shows that ICEBERY LIMITED beneficially owns 596,805 Class A Ordinary Shares, which are indirectly attributed to the Chief Operating Officer as the sole shareholder and director of ICEBERY LIMITED.

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, indicating that the transactions were carried out under pre-arranged trading instructions intended to satisfy Rule 10b5-1(c) conditions.

Who is considered the reporting person in this GCT Form 4 filing?

The securities are directly held by ICEBERY LIMITED, and the filing states that Xinyan Hao, the Chief Operating Officer of GigaCloud Technology Inc., is the sole shareholder and sole director of ICEBERY LIMITED and may be deemed an indirect beneficial owner of those securities.