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GigaCloud (GCT) CTO gains 5,500 Class A shares from RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GigaCloud Technology Inc reported that Chief Technology Officer Xin Wan acquired shares through the vesting of restricted share units. On April 10, 2026, 5,500 RSUs granted on April 10, 2025 converted into 5,500 Class A ordinary shares at an exercise price of $0.00 per share.

Following this derivative exercise, Wan directly holds 15,600 Class A ordinary shares. The filing also shows 717,540 Class A ordinary shares held indirectly through FAITHFUL WINNER HOLDINGS LIMITED, where Wan is the sole shareholder and director, while beneficial ownership of these securities is expressly disclaimed for certain purposes.

Positive

  • None.

Negative

  • None.
Insider WAN XIN, FAITHFUL WINNER HOLDINGS LTD
Role Chief Technology Officer | Chief Technology Officer
Type Security Shares Price Value
Exercise Restricted Share Units 5,500 $0.00 --
Exercise Class A Ordinary Shares, par value $0.05 per share 5,500 $0.00 --
holding Class A Ordinary Shares, par value $0.05 per share -- -- --
Holdings After Transaction: Restricted Share Units — 4,600 shares (Direct); Class A Ordinary Shares, par value $0.05 per share — 15,600 shares (Direct); Class A Ordinary Shares, par value $0.05 per share — 717,540 shares (Indirect, By FAITHFUL WINNER HOLDINGS LIMITED)
Footnotes (1)
  1. The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of FAITHFUL WINNER HOLDINGS LIMITED and may be deemed to be an indirect beneficial owner of the securities held by FAITHFUL WINNER 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. Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Issuer when vested. These RSUs, which were granted on April 10 2025, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on April 10, 2026. The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.
RSUs exercised 5,500 units RSUs converted to Class A ordinary shares on April 10, 2026
Exercise price $0.00 per share Price for RSU conversion into Class A ordinary shares
Direct shares after transaction 15,600 shares Class A ordinary shares directly held by Xin Wan following RSU vesting
Indirect holdings 717,540 shares Class A ordinary shares held by FAITHFUL WINNER HOLDINGS LIMITED
RSU grant date April 10, 2025 Grant date of RSUs that vested after a twelve‑month service condition
RSU vesting date April 10, 2026 Date on which RSU service condition was fully satisfied
Restricted Share Unit financial
"Each Restricted Share Unit ("RSU") represents a contingent right to receive one share"
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
RSU financial
"These RSUs, which were granted on April 10 2025, vest upon the satisfaction of a service condition"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
indirect beneficial owner financial
"may be deemed to be an indirect beneficial owner of the securities held"
Section 16 of Securities Exchange Act of 1934 regulatory
"beneficial owner of such securities for purposes of Section 16 of Securities Exchange Act of 1934, as amended"
service condition financial
"vest upon the satisfaction of a service condition and have no expiration date"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WAN XIN
(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [ GCT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Ordinary Shares, par value $0.05 per share04/10/2026M5,500A$015,600D
Class A Ordinary Shares, par value $0.05 per share717,540IBy FAITHFUL WINNER HOLDINGS LIMITED(1)(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units(3)04/10/2026M5,500(4) (4) (4)Class A Ordinary Shares, par value $0.05 per share5,500$04,600(5)D
1. Name and Address of Reporting Person*
WAN XIN
(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
1. Name and Address of Reporting Person*
FAITHFUL WINNER HOLDINGS LTD
(Last)(First)(Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
Explanation of Responses:
1. The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of FAITHFUL WINNER HOLDINGS LIMITED and may be deemed to be an indirect beneficial owner of the securities held by FAITHFUL WINNER HOLDINGS LIMITED.
2. 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.
3. Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Issuer when vested.
4. These RSUs, which were granted on April 10 2025, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on April 10, 2026.
5. The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.
Remarks:
/s/ Lei Wu, Attorney-in-fact, for each of the reporting persons named herein04/14/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GigaCloud Technology (GCT) report for Xin Wan?

GigaCloud Technology reported that CTO Xin Wan acquired 5,500 Class A ordinary shares when an equal number of restricted share units vested. These RSUs converted to shares at an exercise price of $0.00 per share on April 10, 2026, as service conditions were satisfied.

How many GigaCloud Technology (GCT) shares does Xin Wan hold directly after this Form 4?

After the RSU vesting and conversion, Xin Wan directly holds 15,600 Class A ordinary shares of GigaCloud Technology. These shares reflect the addition of 5,500 newly delivered shares upon RSU vesting on April 10, 2026, at no cash exercise price.

What are the terms of the RSUs reported for GigaCloud Technology (GCT) CTO Xin Wan?

Each RSU represents a right to receive one Class A ordinary share when vested. The reported RSUs were granted on April 10, 2025 and vest at the end of a twelve‑month service period, with vested shares delivered to the reporting person after vesting is achieved.

When did Xin Wan’s GigaCloud Technology (GCT) RSUs vest and deliver shares?

The RSUs vested upon full satisfaction of a service condition on April 10, 2026. At that time, 5,500 restricted share units converted into 5,500 Class A ordinary shares, which were then delivered to the reporting person without any cash exercise cost.

What indirect GigaCloud Technology (GCT) holdings are associated with Xin Wan?

The filing lists 717,540 Class A ordinary shares held indirectly by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of this entity and may be deemed an indirect beneficial owner, while expressly disclaiming beneficial ownership for certain legal purposes.

How does the GigaCloud Technology (GCT) Form 4 describe beneficial ownership for FAITHFUL WINNER HOLDINGS?

The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. The Form 4 notes that Xin Wan may be deemed an indirect beneficial owner through this entity but states the report is not an admission of beneficial ownership for Section 16 or other legal purposes.