GigaCloud (GCT) director receives 808-share equity award under 2017 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEBENSBURGER KENNETH E JR reported acquisition or exercise transactions in this Form 4 filing.
GigaCloud Technology Inc director Kenneth E. Lebensburger Jr received a grant of 808 Class A ordinary shares at no cost. These shares were issued pursuant to restricted share units granted under the company’s 2017 share incentive plan, bringing his directly held total to 1,844 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LEBENSBURGER KENNETH E JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares, par value $0.05 per share | 808 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 1,844 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did GigaCloud (GCT) report in this Form 4?
GigaCloud reported that director Kenneth E. Lebensburger Jr acquired 808 Class A ordinary shares. The shares were issued for no cash cost upon settlement of restricted share units under the company’s 2017 share incentive plan.
What type of security was involved in this GigaCloud (GCT) insider transaction?
The transaction involved Class A ordinary shares with a par value of $0.05 per share. These shares were delivered pursuant to restricted share units previously granted to the director under GigaCloud Technology Inc’s 2017 share incentive plan.
How is the GigaCloud (GCT) Form 4 transaction classified by the SEC code?
The transaction is coded “A” for grant, award, or other acquisition. It is classified as a non-derivative acquisition of 808 Class A ordinary shares, issued upon settlement of restricted share units under GigaCloud Technology Inc’s 2017 share incentive plan.