GigaCloud CEO gifts 110,000 Class A shares
GigaCloud Technology Inc’s CEO and major shareholder Lei Wu reported a charitable gift of 110,000 Class A Ordinary Shares on April 6, 2026.
Rhea-AI Filing Summary
GigaCloud Technology Inc’s CEO and major shareholder Lei Wu reported a charitable gift of 110,000 Class A Ordinary Shares on April 6, 2026. The filing states this was a bona fide donation to a non-related, registered 501(c)(3) organization and that no value was received.
After the gift, Wu directly holds 70,000 Class A Ordinary Shares. The filing also shows 7,151,732 Class B Ordinary Shares indirectly held through Ji Xiang Hu Tong Holdings Limited and Shan Lao Hu Tong LLC, which are convertible at any time into an equal number of Class A shares at no cost.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Ordinary Shares, par value $0.05 per share | 110,000 | $0.00 | $0.00 |
| holding | Class B Ordinary Shares, par value $0.05 per share | -- | -- | -- |
Footnotes (5)
- F1. This transaction represents a charitable donation by the reporting person to a non-related, registered 501(c)(3) non-profit organization. No value was received by the reporting person for the gifted shares.
- F2. 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.
- F3. The Class B Ordinary Shares are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares at no cost.
- F4. Lei Wu ("Mr. Wu") is the sole member and sole manager of a limited liability company, Shan Lao Hu Tong LLC, that is the sole shareholder of Ji Xiang Hu Tong Holdings Limited. Mr. Wu also controls TALENT BOOM GROUP LIMITED. As a result of these relationships, Mr. Wu may be deemed to be an indirect beneficial owner of the securities held by Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED.
- F5. Represents Class B ordinary shares, par value of US$0.05 per share, of the Issuer ("Class B Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited.
Key Figures
Key Terms
bona fide gift financial
501(c)(3) non-profit organization regulatory
beneficial owner regulatory
Section 16 of Securities Exchange Act of 1934 regulatory
FAQ
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What did GCT CEO Lei Wu report in this Form 4 filing?
Does the Form 4 state that Lei Wu is the beneficial owner of all reported GCT securities?
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