[Form 4] GigaCloud Technology Inc Insider Trading Activity
Wu Lei reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Wu Lei reported acquisition or exercise transactions in this Form 4 filing.
GigaCloud Technology Inc reported that Chief Executive Officer and director Lei Wu received a grant of 90,000 Class A ordinary shares at no cost, issued pursuant to restricted share units under the company’s 2017 share incentive plan. Following this award, Wu directly holds 160,000 Class A shares.
The filing also shows 5,000 Class B ordinary shares held directly and 7,151,732 Class B ordinary shares held indirectly through Ji Xiang Hu Tong Holdings Limited and Shan Lao Hu Tong LLC. These Class B shares are convertible into an equal number of Class A shares at no cost, and the filing notes customary disclaimers regarding beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 90,000 shares
Grant/Award
3 txns
Insider
Wu Lei, JI XIANG HU TONG HOLDINGS LTD, SHAN LAO HU TONG LLC
Role
Chief Executive Officer | Chief Executive Officer | Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares, par value $0.05 per share | 90,000 | $0.00 | $0.00 |
| holding | Class B Ordinary Shares, par value $0.05 per share | -- | -- | -- |
| holding | Class B Ordinary Shares, par value $0.05 per share | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 160,000 shares (Direct);
Class B Ordinary Shares, par value $0.05 per share — 5,000 contracts (Direct);
Class B Ordinary Shares, par value $0.05 per share — 7,151,732 contracts (Indirect, By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited)
Footnotes (5)
- F1. Represents Issuer's Class A ordinary shares issued pursuant to restricted share units granted to the reporting person under the Issuer's 2017 share incentive plan.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
Key Figures
Equity award: 90,000 shares
Direct Class A holdings: 160,000 shares
Direct Class B holdings: 5,000 shares
+4 more
7 metrics
Equity award
90,000 shares
Class A ordinary shares granted via RSUs at $0.00 on April 7, 2026
Direct Class A holdings
160,000 shares
Total Class A ordinary shares directly held by Lei Wu after award
Direct Class B holdings
5,000 shares
Class B ordinary shares directly held, convertible 1:1 into Class A
Indirect Class B holdings
7,151,732 shares
Class B ordinary shares held via Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited
Conversion price
$0.00
Class B ordinary shares convertible into Class A at no cost
Underlying Class A (direct derivative)
5,000 shares
Underlying Class A shares for directly held Class B derivative position
Underlying Class A (indirect derivative)
7,151,732 shares
Underlying Class A shares for indirectly held Class B derivative position
Key Terms
restricted share units, Class B Ordinary Shares, convertible, beneficial owner, +1 more
5 terms
convertible financial
"The Class B Ordinary Shares are convertible at any time at the option of the holder"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
beneficial owner financial
"shall not be deemed an admission that any of the reporting persons is the beneficial owner of such securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 16 of Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of Securities Exchange Act of 1934, as amended, or for any other purpose"
FAQ
What insider transaction did GigaCloud (GCT) report for CEO Lei Wu?
GigaCloud reported that CEO Lei Wu received a grant of 90,000 Class A ordinary shares. The shares were issued at no cost pursuant to restricted share units under the company’s 2017 share incentive plan, reflecting a compensation-related equity award rather than an open-market purchase.
Does the GigaCloud (GCT) Form 4 make any statement about beneficial ownership status?
Yes. The filing includes a statement that it shall not be deemed an admission that any reporting person is the beneficial owner of the referenced securities for Section 16 or other purposes, even though it also explains how Lei Wu may be deemed an indirect beneficial owner through related entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
