GigaCloud family trust sells 27,703 shares
GigaCloud’s Head of Brand Center, who is also a director, is the trust’s settlor and co-trustee and may be deemed to indirectly beneficially own its shares.
Rhea-AI Filing Summary
GigaCloud Technology Inc shares held by the Marshall R. Bernes Family Trust were sold: 15,703 Class A ordinary shares on September 22, 2026, at $53.5849 per share, and 12,000 on September 21, 2026, at $53.4738 per share. Marshall R. Bernes, identified as Head of Brand Center and a director, is the trust’s settlor and a co-trustee and may be deemed to indirectly beneficially own the trust’s shares. No Rule 10b5-1 plan is reported.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 27,703 shares
Net Sell
2 txns
Insider
Bernes Marshall
Role
Head of Brand Center
Sold
27,703 shs ($1.48M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share F1 | 15,703 | $53.5849 | $841K |
| Sale | Class A Ordinary Shares, par value $0.05 per share F1 | 12,000 | $53.4738 | $642K |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 25,447 shares (Indirect, By Family Trust)
Footnotes (1)
- F1. Shares are directly owned by the Marshall R. Bernes Family Trust ("Family Trust"). The Reporting Person is the settlor and a co-trustee of the Family Trust and, in such capacity, may be deemed to indirectly beneficially own the securities owned by the Family Trust.
Key Figures
Shares sold: 15,703 shares
Price per share: $53.5849 per share
Shares sold: 12,000 shares
+2 more
5 metrics
Shares sold
15,703 shares
Marshall R. Bernes Family Trust sale on September 22, 2026
Price per share
$53.5849 per share
Marshall R. Bernes Family Trust sale on September 22, 2026
Shares sold
12,000 shares
Marshall R. Bernes Family Trust sale on September 21, 2026
Price per share
$53.4738 per share
Marshall R. Bernes Family Trust sale on September 21, 2026
Total shares sold
27,703 shares
Two reported sales
Key Terms
settlor, co-trustee, beneficially own
3 terms
settlor regulatory
"the settlor and a co-trustee of the Family Trust"
co-trustee regulatory
"the settlor and a co-trustee of the Family Trust"
beneficially own regulatory
"may be deemed to indirectly beneficially own the securities"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
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AI-generated analysis. How Rhea-AI works. Not financial advice.