GigaCloud Technology Inc SEC Filings

GigaCloud Technology Inc’s Form 4 shows an entity linked to its Chief Technology Officer, FAITHFUL WINNER HOLDINGS LIMITED, selling 100,000 Class A ordinary shares in an open-market transaction. The weighted average sale price was about $43.38 per share, with individual trades ranging from $43.39 to $44.04.

Following the sale, FAITHFUL WINNER HOLDINGS LIMITED holds 717,540 Class A ordinary shares. Separately, Xin Wan holds 5,500 Restricted Share Units directly, each representing a contingent right to receive one Class A share. These RSUs vest over a twelve-month period from the grant date, subject to continuous service.

GigaCloud Technology Inc reported that entities associated with Chief Executive Officer Lei Wu, including Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, sold 128,090 Class A Ordinary Shares in open-market transactions from March 3–5, 2026 under 10b5-1 trading plans.

The shares were sold at prices between $40.09 and $45.07 per share. After these sales, the entities indirectly held 390,000 Class A Ordinary Shares and 7,276,732 Class B Ordinary Shares, with the Class B shares convertible into an equal number of Class A shares at no cost.

GigaCloud Technology Inc is changing its independent auditor. The audit committee approved the appointment of Grant Thornton LLP, a U.S.-based firm, as independent registered public accounting firm for the fiscal year ending December 31, 2026, subject to completion of acceptance and independence procedures and an engagement letter.

The committee simultaneously dismissed KPMG Huazhen LLP as auditor, effective March 2, 2026. KPMG’s audit reports for 2024 and 2025 contained no adverse opinions, disclaimers, or qualifications, and there were no disagreements or reportable events with KPMG. The company describes the move as aligning its professional resources with its operational structure and strategic priorities, and notes shareholder feedback on the importance of having a U.S.-based auditor while its headquarters remain in California.

GigaCloud Technology Inc reported a series of insider transactions in which entities associated with Chief Executive Officer Lei Wu sold Class A Ordinary Shares in open-market trades under pre-arranged Rule 10b5-1 trading plans. The filing shows an aggregate of 160,000 Class A Ordinary Shares sold across multiple transactions between February 26, 2026 and March 2, 2026 at prices in the low-to-mid $40 range per share. The sales were made indirectly through Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, and the report notes that it shall not be deemed an admission that any reporting person is the beneficial owner of these securities. The filing also indicates 7,276,732 Class B Ordinary Shares are held indirectly through these entities, which are convertible into an equal number of Class A shares at no cost.

GigaCloud Technology Inc reports strong growth for the year ended December 31, 2025. Total revenues reached $1,289.9 million, up from $1,161.0 million in 2024, while net income rose to $137.4 million. Gross profit was $300.7 million and operating income $145.0 million, showing solid profitability.

The company’s GigaCloud Marketplace, a global B2B ecommerce platform for large parcel goods, generated GMV of $1,576.8 million with 12,089 active buyers and 1,299 active third‑party sellers. About 66.8% of 2025 revenues came from first‑party inventory sales across its marketplace and major third‑party ecommerce sites.

GigaCloud continues to expand through acquisitions, including Noble House for approximately $77.6 million and Wonder for $10.0 million in 2023, and New Classic for about $18.0 million on January 1, 2026. Key risks highlighted include dependence on ecommerce demand, international regulatory exposure, inventory management, data privacy, cybersecurity and reliance on third‑party platforms and suppliers.

GigaCloud Technology Inc reported strong fourth-quarter and full-year 2025 results, highlighted by record revenue and earnings. Fourth-quarter revenue reached $362.7 million, up 22.7% year-over-year, with gross profit of $82.9 million and net income of $38.5 million. Diluted EPS rose 36.8% to $1.04, while adjusted EBITDA increased 39.2% to $43.0 million. For 2025, revenue grew to $1,289.9 million, net income to $137.4 million, and diluted EPS to $3.59, with adjusted EPS – diluted of $4.26. Cash, cash equivalents, restricted cash and investments totaled $416.9 million as of December 31, 2025, and the balance sheet had zero debt. The company is executing a $111.0 million share repurchase program and has already bought back shares for about $33 million. Management guides first-quarter 2026 revenue to $330–$355 million.

VISSER JAN WILLIAM reported acquisition or exercise transactions in this Form 4 filing.

GigaCloud Technology Inc director Jan William Visser received an equity award of 808 Class A ordinary shares. The shares were issued at a price of $0.00 per share as a grant or award, rather than a market purchase. After this transaction, Visser directly owns 12,106 Class A ordinary shares. The footnote explains that these shares were issued pursuant to restricted share units granted under GigaCloud’s 2017 share incentive plan, highlighting that this is part of the company’s equity-based compensation program rather than an open-market trade.

LEBENSBURGER KENNETH E JR reported acquisition or exercise transactions in this Form 4 filing.

GigaCloud Technology Inc director Kenneth E. Lebensburger Jr received a grant of 808 Class A ordinary shares at no cost. These shares were issued pursuant to restricted share units granted under the company’s 2017 share incentive plan, bringing his directly held total to 1,844 shares.