GigaCloud (GCT) insider sells via trust, not under 10b5-1 plan
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
- None.
Negative
- None.
Insights
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Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
1 txn
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)
- 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: 10,000 shares
Sale price: $53.0000 per share
Shares held after transaction: 53,150 shares
+2 more
5 metrics
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
Key Terms
Class A Ordinary Shares, indirectly beneficially own, Family Trust, par value
4 terms
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.