Insider entities tied to GigaCloud (NASDAQ: GCT) sell Class A stake
Rhea-AI Filing Summary
GigaCloud Technology Inc insider entities reported planned sales of Class A ordinary shares. Entities Ji Xiang Hu Tong Holdings Limited and Shan Lao Hu Tong LLC, which are associated with Chief Executive Officer Lei Wu, sold multiple blocks of Class A shares between $40.57 and $41.66 per share on January 14–16, 2026. The trades were executed under preset Rule 10b5-1 trading plans, meaning they followed pre-arranged instructions.
After these sales, the entities reported beneficial ownership of 700,000 Class A ordinary shares indirectly. They also reported 7,276,732 Class B ordinary shares indirectly held, which are convertible at any time into an equal number of Class A shares at no cost. The filing notes that Lei Wu may be deemed an indirect beneficial owner through his control of these entities, while also stating this is not an admission of beneficial ownership for legal purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 8,467 | $41.06 | $348K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 11,533 | $41.54 | $479K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 9,258 | $41.32 | $383K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 10,742 | $41.66 | $448K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 7,046 | $40.57 | $286K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 12,954 | $41.14 | $533K |
| 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 $40.01 and the highest price at which shares were sold was $41.00. 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 $41.01 and the highest price at which shares were sold was $41.61. Represents the weighted average sale price. The lowest price at which shares were sold was $40.52 and the highest price at which shares were sold was $41.51. Represents the weighted average sale price. The lowest price at which shares were sold was $41.52 and the highest price at which shares were sold was $41.84. Represents the weighted average sale price. The lowest price at which shares were sold was $40.38 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 $41.38 and the highest price at which shares were sold was $42.15 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.
FAQ
What insider activity did GigaCloud Technology Inc (GCT) report in this Form 4?
The filing reports that entities Ji Xiang Hu Tong Holdings Limited and Shan Lao Hu Tong LLC, which are associated with GigaCloud’s CEO Lei Wu, sold multiple blocks of Class A ordinary shares on January 14–16, 2026 at weighted average prices between $40.57 and $41.66 per share.
Were the GCT insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states that “The shares were sold pursuant to the 10b5-1 plans.” This indicates the trades followed pre-established instructions intended to meet the affirmative defense conditions of Rule 10b5-1(c).
What price range did the GigaCloud Class A insider sales cover?
The table reports weighted average sale prices of $40.57 to $41.66 per share. Footnotes add that the lowest individual sale price was $40.01 and the highest was $42.15, depending on the specific transaction.