STOCK TITAN

GigaCloud (GCT) insider entities sell 90K Class A shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

GigaCloud Technology Inc insider entities associated with Chief Executive Officer Lei Wu reported open-market sales of a total of 90,000 Class A Ordinary Shares between March 11 and March 13, 2026, at prices generally around $41–$44 per share. The sales were executed pursuant to pre-arranged Rule 10b5-1 trading plans.

After these transactions, the reporting entities indirectly held 210,000 Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares, which are convertible at any time into an equal number of Class A Ordinary Shares at no cost.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED 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).
X
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*
Wu Lei

(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE

(Street)
EL MONTE CA 91731

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [ GCT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Class A Ordinary Shares, par value $0.05 per share 03/11/2026 S(1) 21,697 D $43.24(2) 278,303 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/11/2026 S(1) 8,303 D $43.73(6) 270,000 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/12/2026 S(1) 3,098 D $42(7) 266,902 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/12/2026 S(1) 26,902 D $42.81(8) 240,000 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/13/2026 S(1) 22,246 D $41.15(9) 217,754 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
Class A Ordinary Shares, par value $0.05 per share 03/13/2026 S(1) 7,754 D $41.95(10) 210,000 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(4)(5)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Ordinary Shares, par value $0.05 per share (11) (11) (11) Class A Ordinary Shares, par value $0.05 per share 7,276,732 7,276,732 I By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(3)(5)(12)
1. Name and Address of Reporting Person*
Wu Lei

(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE

(Street)
EL MONTE CA 91731

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
JI XIANG HU TONG HOLDINGS LTD

(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE

(Street)
EL MONTE CA 91731

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
SHAN LAO HU TONG LLC

(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRELY AVENUE

(Street)
EL MONTE CA 91731

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
Explanation of Responses:
1. The shares were sold pursuant to the 10b5-1 plans.
2. Represents the weighted average sale price. The lowest price at which shares were sold was $42.57 and the highest price at which shares were sold was $43.56.
3. 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.
4. 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.
5. 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.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $43.57 and the highest price at which shares were sold was $44.30.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $41.44 and the highest price at which shares were sold was $42.43.
8. Represents the weighted average sale price. The lowest price at which shares were sold was $42.45 and the highest price at which shares were sold was $43.43.
9. Represents the weighted average sale price. The lowest price at which shares were sold was $40.71 and the highest price at which shares were sold was $41.70.
10. Represents the weighted average sale price. The lowest price at which shares were sold was $41.71 and the highest price at which shares were sold was $42.50.
11. 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.
12. 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.
Remarks:
/s/ Lei Wu 03/16/2026
/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director 03/16/2026
/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member 03/16/2026
** Signature of Reporting Person Date
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.

FAQ

What insider activity did GigaCloud Technology (GCT) report in this Form 4?

The filing reports that entities associated with CEO Lei Wu sold a total of 90,000 GigaCloud Class A Ordinary Shares in open-market transactions over March 11–13, 2026, while retaining significant indirect holdings of both Class A and convertible Class B shares.

At what prices were the GigaCloud (GCT) insider shares sold?

The reported insider sales involved Class A Ordinary Shares sold in multiple tranches at prices generally around $41–$44 per share. Footnotes disclose weighted average prices and ranges for each trade date, reflecting normal open-market execution within those stated price bands.

How many GigaCloud (GCT) shares do the reporting entities hold after these transactions?

Following the reported sales, the entities indirectly held 210,000 GigaCloud Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares. The Class B shares are disclosed as convertible at any time into an equal number of Class A shares at no cost to the holder.

Were the recent GigaCloud (GCT) insider sales under a Rule 10b5-1 plan?

Yes. A footnote states that the shares were sold pursuant to Rule 10b5-1 trading plans. Such plans are pre-arranged programs that execute trades automatically, which generally makes the timing of the sales less indicative of discretionary trading decisions by the insider.

Who is associated with the entities selling GigaCloud (GCT) shares in this Form 4?

The filing identifies CEO Lei Wu as sole member and manager of Shan Lao Hu Tong LLC, which wholly owns Ji Xiang Hu Tong Holdings Limited. Through these relationships, he may be deemed an indirect beneficial owner, subject to an explicit disclaimer of beneficial ownership in the report.

What is the significance of GigaCloud (GCT) Class B shares mentioned in the filing?

The filing states that the indirectly held Class B Ordinary Shares, totaling 7,276,732, are convertible at any time into an equal number of Class A Ordinary Shares at no cost. This highlights a substantial potential Class A share exposure through the convertible Class B holdings.
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