GigaCloud Technology family trust sells 13,800 shares
Head of Brand Center Marshall R. Bernes is the trust's settlor and co-trustee and may be deemed an indirect beneficial owner.
Rhea-AI Filing Summary
GigaCloud Technology Inc. (GCT) reported that the Marshall R. Bernes Family Trust sold 4,497 Class A Ordinary Shares on September 24, 2026, at $53.5838 per share, and 13,800 shares on September 25, 2026, at $54.3069 per share. The trust directly owned the shares; Head of Brand Center Marshall R. Bernes is its settlor and a co-trustee and may be deemed an indirect beneficial owner.
Positive
- None.
Negative
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Insights
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Insider Trade Summary
Net Seller: 18,297 shares
Net Sell
2 txns
Insider
Bernes Marshall
Role
Head of Brand Center
Sold
18,297 shs ($990K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share F1 | 13,800 | $54.3069 | $749K |
| Sale | Class A Ordinary Shares, par value $0.05 per share F1 | 4,497 | $53.5838 | $241K |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 7,150 shares (Indirect, By Family Trust)
Footnotes (1)
- F1. Shares are directly owned by the Marshall R. Bernes Family Trust ("Family Trust"). The Reporting Person is the settlor and a co-trustee of the Family Trust and, in such capacity, may be deemed to indirectly beneficially own the securities owned by the Family Trust.
Key Figures
Shares sold: 4,497 shares
Sale price: $53.5838 per share
Shares sold: 13,800 shares
+1 more
4 metrics
Shares sold
4,497 shares
September 24, 2026
Sale price
$53.5838 per share
September 24, 2026
Shares sold
13,800 shares
September 25, 2026
Sale price
$54.3069 per share
September 25, 2026
Key Terms
Class A Ordinary Shares, settlor, indirectly beneficially own
3 terms
settlor financial
"the settlor and a co-trustee of the Family Trust"
indirectly beneficially own financial
"may be deemed to indirectly beneficially own the securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were the GCT Family Trust sales made under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for the two sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.