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.

Insights

Equity ownership & governance analyst

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.

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)
03/06/2026

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	03/06/2026		S(1)		29,900	D	$42.14(2)	360,100	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	03/06/2026		S(1)		100	D	$42.74	360,000	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	03/09/2026		S(1)		4,441	D	$40.82(6)	355,559	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	03/09/2026		S(1)		15,693	D	$41.96(7)	339,866	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	03/09/2026		S(1)		7,361	D	$42.67(8)	332,505	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	03/09/2026		S(1)		2,505	D	$43.88(9)	330,000	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	03/10/2026		S(1)		18,060	D	$42.91(10)	311,940	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	03/10/2026		S(1)		11,230	D	$43.65(11)	300,710	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	03/10/2026		S(1)		710	D	$44.75(12)	300,000	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	(13)							(13)	(13)	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)(14)

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 $41.74 and the highest price at which shares were sold was $42.69.

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 $40.42 and the highest price at which shares were sold was $41.36.

7. 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

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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	03/10/2026
	/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director	03/10/2026
	/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did the latest Form 4 for GigaCloud Technology Inc (GCT) report?

The Form 4 reports that entities associated with CEO Lei Wu sold 90,000 Class A Ordinary Shares in GigaCloud. These were open-market sales over several days in March 2026 at prices in the low-to-mid $40s per share.

Who executed the GCT share sales disclosed in this Form 4 filing?

The sales were executed by Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, entities associated with CEO Lei Wu. The filing notes Lei Wu may be deemed an indirect beneficial owner of the securities held by Ji Xiang Hu Tong Holdings Limited.

Were the recent GigaCloud (GCT) insider sales discretionary or under a trading plan?

The filing states the shares were sold pursuant to Rule 10b5-1 trading plans. These plans are pre-arranged programs that schedule trades in advance, reducing the likelihood that sale timing reflects short-term views on the company’s prospects.

How many GigaCloud (GCT) shares did the CEO-linked entities sell and at what prices?

The entities sold 90,000 Class A Ordinary Shares across nine transactions. Reported prices ranged around the low-to-mid $40s, with footnotes providing weighted average prices and specific low and high sale prices for each trade group.

How many GigaCloud (GCT) shares do the CEO-related entities still hold after these sales?

After the reported transactions, the entities indirectly hold 300,000 Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares. The Class B shares are convertible at any time into an equal number of Class A shares at no cost to the holder.

What is the significance of the Class B Ordinary Shares in the GCT Form 4?

The Class B Ordinary Shares are important because they are convertible into Class A shares on a one-to-one basis at no cost. The filing shows 7,276,732 Class B shares indirectly held, representing a substantial potential Class A equivalent position.