CEO-linked entities trim GigaCloud (GCT) stake via 10b5-1 share sales
Rhea-AI Filing Summary
GigaCloud Technology Inc director and Chief Executive Officer Lei Wu, through affiliated entities Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, reported open-market sales totaling 90,000 Class A Ordinary Shares over March 6–10, 2026, at prices around the low-to-mid $40s per share.
The filing shows these sales were made under pre-arranged Rule 10b5-1 trading plans. After the transactions, the affiliated entities still indirectly hold 300,000 Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares, which are convertible into an equal number of Class A shares at no cost.
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Insights
CEO-linked entities sold 90,000 GigaCloud shares under a 10b5-1 plan while retaining a large convertible stake.
The data shows entities associated with CEO Lei Wu executed 90,000 Class A share sales between March 6–10, 2026, at prices in the low-to-mid $40 range. All reported trades used the S code for open-market or private sales.
A footnote states the shares were sold pursuant to Rule 10b5-1 trading plans, meaning the transactions were pre-scheduled rather than timed discretionarily. Post-transaction, the entities still indirectly hold 300,000 Class A shares and 7,276,732 Class B shares convertible into the same number of Class A shares at $0.00 per share, indicating a substantial remaining economic interest.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 18,060 | $42.91 | $775K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 11,230 | $43.65 | $490K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 710 | $44.75 | $32K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 4,441 | $40.82 | $181K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 15,693 | $41.96 | $658K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 7,361 | $42.67 | $314K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 2,505 | $43.88 | $110K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 29,900 | $42.14 | $1.26M |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 100 | $42.74 | $4K |
| holding | Class B Ordinary Shares, par value $0.05 per share | -- | -- | -- |
Footnotes (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 $41.74 and the highest price at which shares were sold was $42.69. 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 $40.42 and the highest price at which shares were sold was $41.36. Represents the weighted average sale price. The lowest price at which shares were sold was $41.44 and the highest price at which shares were sold was $42.43 Represents the weighted average sale price. The lowest price at which shares were sold was $42.44 and the highest price at which shares were sold was $43.43. Represents the weighted average sale price. The lowest price at which shares were sold was $43.50 and the highest price at which shares were sold was $44.18. Represents the weighted average sale price. The lowest price at which shares were sold was $42.40 and the highest price at which shares were sold was $43.39. Represents the weighted average sale price. The lowest price at which shares were sold was $43.40 and the highest price at which shares were sold was $44.38. Represents the weighted average sale price. The lowest price at which shares were sold was $44.71 and the highest price at which shares were sold was $44.93. 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.
