GigaCloud CEO-linked entities sell 60K shares
GigaCloud Technology Inc’s latest insider report shows entities associated with Chief Executive Officer Lei Wu selling Class A Ordinary Shares in open-market transactions.
Rhea-AI Filing Summary
GigaCloud Technology Inc’s latest insider report shows entities associated with Chief Executive Officer Lei Wu selling Class A Ordinary Shares in open-market transactions. These entities sold a total of 60,000 Class A shares at prices around $40–$42 per share.
According to the filing, the sales were made under pre-arranged Rule 10b5-1 trading plans, and the plan adopted on September 24, 2025 has now been completed. The report also shows internal restructuring moves, including the transfer of 60,000 Class A shares and 125,000 Class B shares from indirect holdings via Ji Xiang Hu Tong Holdings Limited to shares held directly by Mr. Wu. The Class B shares are convertible into an equal number of Class A shares at no cost.
Positive
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 2,481 | $42.54 | $106K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 25,648 | $40.06 | $1.03M |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 4,352 | $41.29 | $180K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 16,763 | $40.98 | $687K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 10,756 | $41.69 | $448K |
| Other | Class A Ordinary Shares, par value $0.05 per share | 60,000 | $0.00 | $0.00 |
| Other | Class A Ordinary Shares, par value $0.05 per share | 60,000 | $0.00 | $0.00 |
| Other | Class B Ordinary Shares, par value $0.05 per share | 125,000 | $0.00 | $0.00 |
| Other | Class B Ordinary Shares, par value $0.05 per share | 125,000 | $0.00 | $0.00 |
Footnotes (13)
- F1. The shares were sold pursuant to the 10b5-1 plans. Following the transactions reported on this Form 4, the trading plan adopted on September 24, 2025 has ended due to its completion.
- F2. Represents the weighted average sale price. The lowest price at which shares were sold was $40.39 and the highest price at which shares were sold was $41.38.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. Represents the weighted average sale price. The lowest price at which shares were sold was $41.39 and the highest price at which shares were sold was $42.38.
- F7. Represents the weighted average sale price. The lowest price at which shares were sold was $42.43 and the highest price at which shares were sold was $42.74.
- F8. Represents the weighted average sale price. The lowest price at which shares were sold was $39.47 and the highest price at which shares were sold was $40.46.
- F9. Represents the weighted average sale price. The lowest price at which shares were sold was $41.00 and the highest price at which shares were sold was $42.14.
- F10. Represents the transfer of 60,000 Class A Ordinary Shares indirectly held by Mr. Wu via Ji Xiang Hu Tong Holdings Limited to directly held by Mr. Wu.
- F11. 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.
- F12. Represents the transfer of 125,000 Class B Ordinary Shares indirectly held by Mr. Wu via Ji Xiang Hu Tong Holdings Limited to directly held by Mr. Wu.
- F13. 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 transactions did GigaCloud Technology (GCT) report in this Form 4?
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