GigaCloud (GCT) president has 1,621 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHROCK IMAN AJ
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares, par value $0.05 per share | 1,621 | $43.75 | $71K |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 23,379 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withheld shares: 1,621 shares
Withholding price: $43.75 per share
Shares vested: 5,000 shares
+1 more
4 metrics
Tax-withheld shares
1,621 shares
Shares withheld on April 14, 2026 to cover taxes
Withholding price
$43.75 per share
Value assigned to withheld Class A ordinary shares
Shares vested
5,000 shares
Class A ordinary shares vesting from prior grant
Post-transaction holdings
23,379 shares
Class A ordinary shares held directly after transaction
Key Terms
tax withholding obligation, share incentive plan, Class A Ordinary Shares, tax-withholding disposition
4 terms
tax withholding obligation financial
"Represent shares withheld to pay the Reporting Person's tax withholding obligation due upon the vesting..."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did GigaCloud Technology (GCT) report in this Form 4?
GigaCloud Technology reported a tax-related share disposition by its President. 1,621 Class A ordinary shares were withheld to cover taxes due on vesting of 5,000 previously granted shares under the company’s 2017 share incentive plan.