GigaCloud (NASDAQ: GCT) CEO-linked entities sell 160,000 Class A shares
Rhea-AI Filing Summary
GigaCloud Technology Inc reported a series of insider transactions in which entities associated with Chief Executive Officer Lei Wu sold Class A Ordinary Shares in open-market trades under pre-arranged Rule 10b5-1 trading plans. The filing shows an aggregate of 160,000 Class A Ordinary Shares sold across multiple transactions between February 26, 2026 and March 2, 2026 at prices in the low-to-mid $40 range per share. The sales were made indirectly through Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, and the report notes that it shall not be deemed an admission that any reporting person is the beneficial owner of these securities. The filing also indicates 7,276,732 Class B Ordinary Shares are held indirectly through these entities, which are convertible into an equal number of Class A shares at no cost.
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Insights
Entities linked to GigaCloud's CEO executed 10b5-1 share sales totaling 160,000 Class A shares.
The disclosure shows entities associated with Lei Wu, via Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, sold an aggregate of 160,000 Class A Ordinary Shares in open-market transactions under Rule 10b5-1 trading plans. Prices ranged in the low-to-mid $40s, with each line item providing weighted-average sale prices and detailed price ranges.
Footnotes explain that Mr. Wu is the sole member and manager of Shan Lao Hu Tong LLC, which wholly owns Ji Xiang Hu Tong Holdings Limited, and that the report is not an admission of beneficial ownership. The filing also notes 7,276,732 Class B Ordinary Shares indirectly held and convertible into an equal number of Class A shares at no cost, highlighting a significant dual-class equity position. Subsequent company filings may offer more context on how this ownership structure evolves over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 17,520 | $42.55 | $745K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 12,480 | $43.23 | $540K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 20,243 | $42.45 | $859K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 21,235 | $43.27 | $919K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 5,415 | $44.41 | $240K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 12,607 | $45.43 | $573K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 500 | $46.10 | $23K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 3,679 | $42.13 | $155K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 7,137 | $43.23 | $309K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 4,749 | $43.78 | $208K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 19,358 | $45.21 | $875K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 21,934 | $45.95 | $1.01M |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 13,143 | $46.82 | $615K |
| 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 $41.51 and the highest price at which shares were sold was $42.48. 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 $42.51 and the highest price at which shares were sold was $43.50. Represents the weighted average sale price. The lowest price at which shares were sold was $43.54 and the highest price at which shares were sold was $44.51. Represents the weighted average sale price. The lowest price at which shares were sold was $44.58 and the highest price at which shares were sold was $45.57. Represents the weighted average sale price. The lowest price at which shares were sold was $45.58 and the highest price at which shares were sold was $46.56. Represents the weighted average sale price. The lowest price at which shares were sold was $46.58 and the highest price at which shares were sold was $47.20. Represents the weighted average sale price. The lowest price at which shares were sold was $41.87 and the highest price at which shares were sold was $42.85. Represents the weighted average sale price. The lowest price at which shares were sold was $42.87 and the highest price at which shares were sold was $43.86. Represents the weighted average sale price. The lowest price at which shares were sold was $43.87 and the highest price at which shares were sold was $44.85. Represents the weighted average sale price. The lowest price at which shares were sold was $44.87 and the highest price at which shares were sold was $45.82. Represents the weighted average sale price. The lowest price at which shares were sold was $45.87 and the highest price at which shares were sold was $46.70. Represents the weighted average sale price. The lowest price at which shares were sold was $42.00 and the highest price at which shares were sold was $42.99. Represents the weighted average sale price. The lowest price at which shares were sold was $43.00 and the highest price at which shares were sold was $43.46. 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.