STOCK TITAN

GigaCloud (GCT) insider sells via trust, not under 10b5-1 plan

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

GigaCloud Technology Inc (GCT) director and officer Marshall Bernes reported an indirect sale of 10,000 Class A Ordinary Shares on August 13, 2026 at $53.00 per share. The shares are held by the Marshall R. Bernes Family Trust, and following this transaction the trust holds 53,150 shares indirectly attributed to him.

Positive

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Negative

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Insights

Analyzing...

Insider Bernes Marshall
Role Head of Brand Center
Sold 10,000 shs ($530K)
Type Security Shares Price Value
Sale Class A Ordinary Shares, par value $0.05 per share F1 10,000 $53.00 $530K
Holdings After Transaction: Class A Ordinary Shares, par value $0.05 per share — 53,150 shares (Indirect, By Family Trust)
Footnotes (1)
  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.
Shares sold 10,000 shares Non-derivative Class A Ordinary Shares sold on August 13, 2026
Sale price $53.0000 per share Price for Class A Ordinary Shares in the August 13, 2026 sale
Shares held after transaction 53,150 shares Indirectly held by Marshall R. Bernes through the Family Trust after the sale
Par value per share $0.05 per share Par value of GigaCloud Technology Inc Class A Ordinary Shares
Net buy/sell shares -10,000 shares Net selling activity reported in this Form 4
Class A Ordinary Shares financial
"security_title: Class A Ordinary Shares, par value $0.05 per share"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
indirectly beneficially own financial
"may be deemed to indirectly beneficially own the securities owned"
Family Trust financial
"Shares are directly owned by the Marshall R. Bernes Family Trust"
par value financial
"Class A Ordinary Shares, par value $0.05 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

What insider transaction did GCT executive Marshall Bernes report?

Marshall Bernes reported a sale of 10,000 Class A Ordinary Shares of GigaCloud Technology Inc on August 13, 2026 at $53.00 per share, executed as an indirect transaction through his family trust.

How many GCT shares did Marshall Bernes sell and at what price?

Marshall Bernes indirectly sold 10,000 GCT Class A Ordinary Shares at a price of $53.00 per share. The transaction involved non-derivative equity held through the Marshall R. Bernes Family Trust.

What are Marshall Bernes’ remaining indirect GCT holdings after this transaction?

After the reported sale, the Marshall R. Bernes Family Trust holds 53,150 Class A Ordinary Shares of GigaCloud Technology Inc. These shares are indirectly beneficially owned by Bernes in his capacity as settlor and co-trustee of the trust.

Was the GCT insider sale by Marshall Bernes made under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed, meaning the transaction is not reported as pursuant to a Rule 10b5-1 trading plan. No footnote describes it as a pre-arranged trading arrangement.

How is ownership of the sold GCT shares structured for Marshall Bernes?

The sold GCT shares are indirectly owned via the Marshall R. Bernes Family Trust. Bernes is the settlor and co-trustee and may be deemed to indirectly beneficially own the securities held by the Family Trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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*
Bernes Marshall

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

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Head of Brand Center
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form 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 share08/13/2026S10,000D$5353,150IBy Family Trust(1)
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
Explanation of Responses:
1. 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.
Remarks:
/s/ Lei Wu, Attorney-in-fact08/17/2026
** 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)