GigaCloud Technology Inc (GCT) director’s family trust sells 5,000 Class A shares
Rhea-AI Filing Summary
GigaCloud Technology Inc director and officer Marshall Bernes reported a sale of 5,000 Class A Ordinary Shares of the company at $51.88 per share on August 10, 2026. The shares are held indirectly through the Marshall R. Bernes Family Trust, which held 63,150 shares after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Bernes Marshall
Role
Head of Brand Center
Sold
5,000 shs ($259K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share F1 | 5,000 | $51.88 | $259K |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 63,150 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: 5,000 shares
Sale price per share: $51.88
Shares held after transaction: 63,150 shares
3 metrics
Shares sold
5,000 shares
Class A Ordinary Shares sold on August 10, 2026
Sale price per share
$51.88
Price per Class A Ordinary Share in the reported sale
Shares held after transaction
63,150 shares
Class A Ordinary Shares indirectly owned via Family Trust after sale
Key Terms
indirect beneficially own, Family Trust, Class A Ordinary Shares
3 terms
indirect 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GigaCloud Technology Inc (GCT) report for Marshall Bernes?
Marshall Bernes reported that a family trust associated with him sold 5,000 Class A Ordinary Shares of GigaCloud Technology Inc on August 10, 2026 at $51.88 per share, according to the Form 4 filing.
Does the Form 4 indicate a Rule 10b5-1 trading plan for the GCT insider sale?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirming a trading plan (the related flag is false). The footnote does not mention any 10b5-1 or pre-arranged trading plan for this reported transaction.