GigaCloud director sells 3,000 shares around $53
GigaCloud Technology Inc (GCT) director Chen Zhiwu reported selling a total of 3,000 Class A Ordinary Shares on September 18, 2026 in open market or private transactions.
Rhea-AI Filing Summary
GigaCloud Technology Inc (GCT) director Chen Zhiwu reported selling a total of 3,000 Class A Ordinary Shares on September 18, 2026 in open market or private transactions. The sales were executed at per-share prices of $53.48 for 1,200 shares and $52.88 for 1,800 shares. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,000 shares
Net Sell
2 txns
Insider
Chen Zhiwu
Role
Director
Sold
3,000 shs ($159K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 1,200 | $53.48 | $64K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 1,800 | $52.88 | $95K |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.05 per share — 21,057 shares (Direct)
Key Figures
Shares sold at $53.48: 1,200 shares
Shares sold at $52.88: 1,800 shares
Total shares sold: 3,000 shares
+1 more
4 metrics
Shares sold at $53.48
1,200 shares
Class A Ordinary Shares sold by director Chen Zhiwu on September 18, 2026 at $53.48 per share
Shares sold at $52.88
1,800 shares
Class A Ordinary Shares sold by director Chen Zhiwu on September 18, 2026 at $52.88 per share
Total shares sold
3,000 shares
Aggregate Class A Ordinary Shares sold by the director across both transactions on September 18, 2026
Par value per share
$0.05 per share
Par value of GigaCloud Technology Inc Class A Ordinary Shares involved in the transactions
Key Terms
Class A Ordinary Shares, par value, open market or private transaction, Rule 10b5-1
4 terms
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.
open market or private transaction financial
"Sale in open market or private transaction"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GCT report for director Chen Zhiwu?
GigaCloud Technology Inc reported that director Chen Zhiwu sold a total of 3,000 Class A Ordinary Shares on September 18, 2026 in open market or private transactions.
Were the GCT insider sales made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, meaning these 3,000-share sales by director Chen Zhiwu were not reported as being made under a Rule 10b5-1 trading plan.
What type of security did the GCT director sell?
The transactions involved Class A Ordinary Shares of GigaCloud Technology Inc, each with a par value of $0.05 per share, sold in open market or private transactions.
Does the Form 4 state the director’s remaining GCT holdings after the sale?
The Form 4 reports the 3,000 shares sold and related prices on September 18, 2026 but does not state a specific share count for director Chen Zhiwu’s holdings following these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.