GigaCloud Technology (GCT) CTO-affiliated entity sells 60,000 Class A shares
Rhea-AI Filing Summary
GigaCloud Technology Inc reported that an entity associated with Chief Technology Officer Xin Wan, Faithful Winner Holdings Limited, sold a total of 60,000 Class A ordinary shares on August 11, 2026 in open-market or private transactions at weighted average prices of $50.55 and $51.40 per share. The shares are held by Faithful Winner Holdings Limited, and Xin Wan may be deemed an indirect beneficial owner, subject to a disclaimer of beneficial ownership. Separately, Xin Wan holds 15,600 Class A ordinary shares directly and 5,500 Restricted Share Units, each representing a contingent right to receive one Class A share upon vesting after a 12‑month period, subject to continuous service.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share F1, F2, F3 | 32,372 | $50.55 | $1.64M |
| Sale | Class A Ordinary Shares, par value $0.05 per share F4, F2, F3 | 27,628 | $51.40 | $1.42M |
| holding | Restricted Share Units F5, F6 | -- | -- | -- |
| holding | Class A Ordinary Shares, par value $0.05 per share | -- | -- | -- |
Footnotes (6)
- F1. Represents the weighted average sale price. The lowest price at which shares were sold was $50.02 and the highest price at which shares were sold was $51.01.
- F2. The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of FAITHFUL WINNER HOLDINGS LIMITED and may be deemed to be an indirect beneficial owner of the securities held by FAITHFUL WINNER HOLDINGS LIMITED.
- F3. 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.
- F4. Represents the weighted average sale price. The lowest price at which shares were sold was $51.02 and the highest price at which shares were sold was $51.78.
- F5. Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Issuer when vested.
- F6. The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.
Key Figures
Key Terms
weighted average sale price financial
indirect beneficial owner financial
continuous service financial
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