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GigaCloud Technology Inc (GCT) CEO donates 110,000 Class A shares

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Wu Lei, JI XIANG HU TONG HOLDINGS LTD, SHAN LAO HU TONG LLC
Role Chief Executive Officer | Chief Executive Officer | Chief Executive Officer
Type Security Shares Price Value
Gift Class A Ordinary Shares, par value $0.05 per share 110,000 $0.00 --
holding Class B Ordinary Shares, par value $0.05 per share -- -- --
Holdings After Transaction: Class A Ordinary Shares, par value $0.05 per share — 70,000 shares (Direct); Class B Ordinary Shares, par value $0.05 per share — 7,151,732 shares (Indirect, By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited)
Footnotes (1)
  1. 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. 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. 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. 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. 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.
Gifted Class A shares 110,000 shares Charitable donation on April 6, 2026
Post-gift Class A holdings 70,000 shares Class A Ordinary Shares held directly after transaction
Indirect Class B holdings 7,151,732 shares Class B Ordinary Shares held indirectly via entities
Conversion ratio 1:1 at $0.00 Each Class B share convertible into one Class A share at no cost
Gift price per share $0.00 per share No value received for gifted Class A shares
bona fide gift financial
"This transaction represents a charitable donation by the reporting person..."
501(c)(3) non-profit organization regulatory
"charitable donation by the reporting person to a non-related, registered 501(c)(3) non-profit organization"
beneficial owner regulatory
"shall not be deemed an admission that any of the reporting persons is the beneficial owner of such securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Class B Ordinary Shares financial
"The Class B Ordinary Shares are convertible at any time at the option of the holder"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Section 16 of Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of Securities Exchange Act of 1934, as amended"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Wu Lei
(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [ GCT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Ordinary Shares, par value $0.05 per share04/06/2026G110,000D$0(1)70,000D(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Ordinary Shares, par value $0.05 per share(3) (3) (3)Class A Ordinary Shares, par value $0.05 per share7,151,7327,151,732IBy Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(2)(4)(5)
1. Name and Address of Reporting Person*
Wu Lei
(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
JI XIANG HU TONG HOLDINGS LTD
(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
SHAN LAO HU TONG LLC
(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRELY AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
Remarks:
/s/ Lei Wu04/07/2026
/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director04/07/2026
/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member04/07/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did GCT CEO Lei Wu report in this Form 4 filing?

Lei Wu reported a charitable gift of 110,000 Class A Ordinary Shares. The donation went to a non-related, registered 501(c)(3) organization, and the filing specifies that no value was received in return for the gifted shares.

How many GigaCloud (GCT) Class A shares does Lei Wu hold after the gift?

After the reported transaction, Lei Wu directly holds 70,000 Class A Ordinary Shares. This reflects his position following the 110,000-share charitable donation, as disclosed in the Form 4’s post-transaction ownership figure for Class A Ordinary Shares.

Was the GCT share transfer by Lei Wu a sale or a gift?

The transfer was a bona fide gift, not a sale. The Form 4 uses transaction code G for a gift and notes the shares were donated to a non-related 501(c)(3) charity with no value received by Lei Wu for the transferred shares.

Does the Form 4 state that Lei Wu is the beneficial owner of all reported GCT securities?

The filing includes a disclaimer that the reporting persons shall not be deemed beneficial owners of the securities for Section 16 purposes. This standard language limits assumptions about beneficial ownership despite the reported direct and indirect holdings.