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GigaCloud (NASDAQ: GCT) CEO-linked entities report 10b5-1 share sales

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

Rhea-AI Filing Summary

GigaCloud Technology Inc. insider entities reported preset share sales. Entities Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, which are associated with Chief Executive Officer Lei Wu, sold Class A ordinary shares of GigaCloud (par value $0.05) over several days in January 2026 under Rule 10b5-1 trading plans.

On January 20–22, 2026, these entities sold 1,700, 210, 15,952 and 4,048 Class A shares at weighted-average prices of $40.01, $40.26, $40.66 and $41.27, with disclosed intraday price ranges for each block. After the final transaction, they indirectly held 678,090 Class A ordinary shares.

The filing also reports an indirect holding of 7,276,732 Class B ordinary shares directly held by Ji Xiang Hu Tong Holdings Limited. These Class B shares are convertible at any time into an equal number of Class A ordinary shares at no cost, underscoring that entities associated with the CEO continue to hold a large economic stake.

Positive

  • None.

Negative

  • None.

Insights

CEO-linked entities executed planned GCT share sales but still hold large stakes.

The transactions show entities associated with Lei Wu, via Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, selling blocks of Class A shares on January 20–22, 2026. Each sale is coded "S" and described as made under Rule 10b5-1 trading plans, which are pre-arranged programs designed to systematize insider selling.

Sale prices clustered around $40–$41 per Class A share, with the filing providing weighted-average prices and intraday high/low ranges for transparency. After these trades, the entities still held 678,090 Class A shares and 7,276,732 Class B shares, which are convertible 1:1 into Class A at no cost. This indicates that, despite the sales, CEO-linked entities retain a substantial beneficial interest and potential voting influence, with overall impact best viewed as administrative rather than thesis-changing.

Insider Wu Lei, JI XIANG HU TONG HOLDINGS LTD, SHAN LAO HU TONG LLC
Role Chief Executive Officer | Chief Executive Officer | Chief Executive Officer
Sold 21,910 shs ($892K)
Type Security Shares Price Value
Sale Class A Ordinary Shares, par value $0.05 per share 15,952 $40.66 $649K
Sale Class A Ordinary Shares, par value $0.05 per share 4,048 $41.27 $167K
Sale Class A Ordinary Shares, par value $0.05 per share 210 $40.26 $8K
Sale Class A Ordinary Shares, par value $0.05 per share 1,700 $40.01 $68K
holding Class B Ordinary Shares, par value $0.05 per share -- -- --
Holdings After Transaction: Class A Ordinary Shares, par value $0.05 per share — 682,138 shares (Indirect, By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited); Class B Ordinary Shares, par value $0.05 per share — 7,276,732 shares (Indirect, By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings 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 $40.00 and the highest price at which shares were sold was $40.13. 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. 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. Represents Class A ordinary shares, par value of US$0.05 per share, of the Issuer ("Class A Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings 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 $40.13 and the highest price at which shares were sold was $40.39. Represents the weighted average sale price. The lowest price at which shares were sold was $40.12 and the highest price at which shares were sold was $41.10. Represents the weighted average sale price. The lowest price at which shares were sold was $41.12 and the highest price at which shares were sold was $41.45. 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. 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.
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*
Wu Lei
(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 X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026
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 01/20/2026 S(1) 1,700 D $40.01(2) 698,300 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 01/21/2026 S(1) 210 D $40.26(6) 698,090 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 01/22/2026 S(1) 15,952 D $40.66(7) 682,138 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 01/22/2026 S(1) 4,048 D $41.27(8) 678,090 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
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
Class B Ordinary Shares, par value $0.05 per share (9) (9) (9) Class A Ordinary Shares, par value $0.05 per share 7,276,732 7,276,732 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(5)(10)
1. Name and Address of Reporting Person*
Wu Lei
(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
X Director X 10% Owner
X Officer (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 CA 91731
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (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 SHIRLEY AVENUE
(Street)
EL MONTE CA 91731
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive 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 $40.00 and the highest price at which shares were sold was $40.13.
3. 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. 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.
4. Represents Class A ordinary shares, par value of US$0.05 per share, of the Issuer ("Class A Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited.
5. 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.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $40.13 and the highest price at which shares were sold was $40.39.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $40.12 and the highest price at which shares were sold was $41.10.
8. Represents the weighted average sale price. The lowest price at which shares were sold was $41.12 and the highest price at which shares were sold was $41.45.
9. 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.
10. 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 Wu 01/22/2026
/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director 01/22/2026
/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member 01/22/2026
** 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

Who reported the latest GCT insider transactions on this Form 4?

The transactions were reported for entities Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, which are associated with GigaCloud Technology Inc. Chief Executive Officer Lei Wu.

How many GigaCloud (GCT) Class A shares were sold and at what prices?

On January 20–22, 2026, the entities sold blocks of 1,700, 210, 15,952 and 4,048 Class A ordinary shares at weighted-average prices of $40.01, $40.26, $40.66 and $41.27, each with disclosed intraday high/low ranges.

Were the GCT share sales by the CEO-linked entities discretionary or pre-planned?

The filing states that the shares were sold pursuant to 10b5-1 plans, meaning the transactions followed pre-established trading instructions rather than ad hoc discretionary decisions.

How many GigaCloud Class A shares do the reporting entities hold after these sales?

After the reported transactions, the entities indirectly held 678,090 GigaCloud Class A ordinary shares.

What is the significance of the Class B GigaCloud shares reported on this Form 4?

The filing shows 7,276,732 Class B ordinary shares directly held by Ji Xiang Hu Tong Holdings Limited. These Class B shares are convertible at any time into an equal number of Class A shares at no cost, highlighting a substantial continuing economic stake.

What role does Lei Wu have in the entities holding GigaCloud shares?

The filing notes that Lei Wu is the sole member and sole manager of Shan Lao Hu Tong LLC, which is the sole shareholder of Ji Xiang Hu Tong Holdings Limited, and that he may be deemed an indirect beneficial owner of the securities those entities hold.