GigaCloud Technology (GCT) president sells 6,679 Class A shares in August 10 trades
Rhea-AI Filing Summary
GigaCloud Technology Inc President Schrock Iman AJ reported selling 6,679 Class A Ordinary Shares on August 10, 2026. The sales consisted of 3,379 shares at $52.20 per share and 3,300 shares at $51.61 per share, all from direct holdings. The company-level Rule 10b5-1 checkbox was not marked as being under a trading plan.
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Insights
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Insider Trade Summary
Net Seller: 6,679 shares
Net Sell
2 txns
Insider
SCHROCK IMAN AJ
Role
President
Sold
6,679 shs ($347K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 3,379 | $52.20 | $176K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 3,300 | $51.61 | $170K |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 16,700 shares (Direct)
Key Figures
Total shares sold: 6,679 shares
First sale size: 3,379 shares
First sale price: $52.20 per share
+3 more
6 metrics
Total shares sold
6,679 shares
Aggregate Class A Ordinary Shares sold on August 10, 2026
First sale size
3,379 shares
Class A Ordinary Shares sold at $52.20 on August 10, 2026
First sale price
$52.20 per share
Price for 3,379 Class A Ordinary Shares sold August 10, 2026
Second sale size
3,300 shares
Class A Ordinary Shares sold at $51.61 on August 10, 2026
Second sale price
$51.61 per share
Price for 3,300 Class A Ordinary Shares sold August 10, 2026
Par value
$0.05 per share
Par value of Class A Ordinary Shares involved in the sales
Key Terms
Class A Ordinary Shares, open market, Rule 10b5-1
3 terms
open market financial
"Transaction code description notes a sale in open market or private transaction"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Rule 10b5-1 regulatory
"The Rule 10b5-1 trading plan checkbox was not selected for these trades"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did GCT report for President Schrock Iman AJ?
GigaCloud Technology Inc’s President Schrock Iman AJ reported selling a total of 6,679 Class A Ordinary Shares on August 10, 2026, in two open-market or private sale transactions.
Were the August 10, 2026 GCT insider sales under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 trading plan checkbox was not marked as being made pursuant to a plan, indicating the reported August 10, 2026 sales were not affirmed as 10b5-1 transactions.
What type of security did the GCT President sell on August 10, 2026?
The transactions involved Class A Ordinary Shares of GigaCloud Technology Inc, each with a par value of $0.05 per share, sold in two non-derivative open-market or private transactions.
Were the GCT insider sales on August 10, 2026 from direct or indirect holdings?
Both reported transactions on August 10, 2026 were from direct ownership of Class A Ordinary Shares by the reporting person, as indicated by the direct ownership classification in the data.