GigaCloud Technology Inc (GCT) CEO-linked entities sell 60,000 shares
Rhea-AI Filing Summary
GigaCloud Technology Inc reported insider activity involving entities associated with Chief Executive Officer Lei Wu. Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited sold a total of 60,000 Class A ordinary shares in several open market transactions between January 9 and January 13, 2026, at prices ranging from about $40.83 to $44.25, under pre-arranged Rule 10b5-1 trading plans. After these sales, these entities indirectly held 760,000 Class A ordinary shares and 7,276,732 Class B ordinary shares, which are convertible into an equal number of Class A shares at no cost.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 2,010 | $40.83 | $82K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 16,795 | $41.88 | $703K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 685 | $43.01 | $29K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 510 | $43.91 | $22K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 4,100 | $42.23 | $173K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 9,059 | $43.26 | $392K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 6,841 | $44.25 | $303K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 17,735 | $42.03 | $745K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 2,265 | $42.46 | $96K |
| holding | Class B Ordinary Shares, par value $0.05 per share | -- | -- | -- |
Footnotes (1)
- The shares were sold pursuant to the 10b5-1 plans. Represents the weighted average sale price. The lowest price at which shares were sold was $41.36 and the highest price at which shares were sold was $42.335. 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. 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. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $42.39 and the highest price at which shares were sold was $42.60. Represents the weighted average sale price. The lowest price at which shares were sold was $41.79 and the highest price at which shares were sold was $42.75. Represents the weighted average sale price. The lowest price at which shares were sold was $42.80 and the highest price at which shares were sold was $43.79. Represents the weighted average sale price. The lowest price at which shares were sold was $43.80 and the highest price at which shares were sold was $44.70. Represents the weighted average sale price. The lowest price at which shares were sold was $40.50 and the highest price at which shares were sold was $41.37. Represents the weighted average sale price. The lowest price at which shares were sold was $41.63 and the highest price at which shares were sold was $42.57. Represents the weighted average sale price. The lowest price at which shares were sold was $42.69 and the highest price at which shares were sold was $43.35. Represents the weighted average sale price. The lowest price at which shares were sold was $43.76 and the highest price at which shares were sold was $44.00. 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. 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.
FAQ
What insider transactions did GigaCloud Technology Inc (GCT) report?
Entities associated with CEO Lei Wu, specifically Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, reported open market sales totaling 60,000 Class A ordinary shares over several trades from January 9 to January 13, 2026.
Were the GigaCloud insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states that the shares were sold pursuant to 10b5-1 plans, which are pre-arranged trading programs intended to meet the affirmative defense conditions of Rule 10b5-1(c).
How is CEO Lei Wu connected to the entities in this GigaCloud Form 4?
A footnote explains that Lei Wu is the sole member and sole manager of Shan Lao Hu Tong LLC, which is the sole shareholder of Ji Xiang Hu Tong Holdings Limited, so he may be deemed an indirect beneficial owner of their securities.