GigaCloud CTO-linked entity sells 60,000 shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insights
Analyzing...
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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GCT report for Xin Wan on August 11, 2026?
What direct GCT equity holdings does Xin Wan report after these transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.