GigaCloud president has shares withheld for taxes
GigaCloud Technology Inc President Iman AJ Schrock reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
GigaCloud Technology Inc President Iman AJ Schrock reported a routine tax-related share disposition. On April 14, 2026, 1,621 Class A ordinary shares were withheld at $43.75 per share to cover the executive's tax withholding obligation triggered by the vesting of 5,000 previously granted shares under the 2017 share incentive plan.
After this tax-withholding transaction, Schrock directly holds 23,379 Class A ordinary shares. The event reflects tax settlement on equity compensation rather than an open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Ordinary Shares, par value $0.05 per share | 1,621 | $43.75 | $71K |
Footnotes (1)
- F1. Represent shares withheld to pay the Reporting Person's tax withholding obligation due upon the vesting of 5,000 Class A ordinary shares of the Issuer previously granted to the Reporting Person pursuant to the Issuer's 2017 share incentive plan.
Key Figures
Key Terms
tax withholding obligation financial
tax-withholding disposition financial
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What did GigaCloud Technology (GCT) report in this Form 4?
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