Abigail P. Johnson/FMR LLC Disclose 4.37M GCT Shares (14.8%)
Rhea-AI Filing Summary
GigaCloud Technology Inc. Schedule 13G shows FMR LLC and Abigail P. Johnson report beneficial ownership of 4,372,409.19 Class A common shares, representing 14.8% of the class. FMR LLC lists 4,370,087 shares with sole voting power and 4,372,409.19 with sole dispositive power; Abigail P. Johnson lists sole dispositive power for the same 4,372,409.19 shares and no voting power. The filing includes the issuer address in El Monte, California, and signatures dated 09/05/2025. The statement affirms the securities are held in the ordinary course of business and not to change control.
Positive
- Transparent disclosure of a material 14.8% beneficial ownership by FMR LLC and Abigail P. Johnson
- Certification that the securities are held in the ordinary course of business and not to change control
Negative
- None.
Insights
TL;DR Large passive stake: 14.8% position by FMR LLC/Abigail P. Johnson, indicating substantial ownership but no asserted control.
FMR LLC and Abigail P. Johnson report a combined beneficial ownership of 4,372,409.19 Class A shares, equal to 14.8% of the outstanding Class A stock. The filer discloses sole dispositive power and, for FMR LLC, nearly identical sole voting power figures, suggesting centralized trading/disposition authority within the Fidelity organization. The certification states holdings are in the ordinary course of business and not intended to influence control. For investors, this documents a material passive stake without an expressed control intent.
TL;DR Ownership is material but filing asserts no change-of-control purpose and shows no shared voting arrangements.
The Schedule 13G identifies FMR LLC (organized in Delaware) and Abigail P. Johnson as reporting persons holding 14.8% of Class A shares. The filing reports 0.00 shared voting and dispositive power, and the signatory attests the stake is not held to influence control. The document references Exhibit 99 for a 13d-1(k) agreement and power-of-attorney exhibits for signature authority. This is a standard disclosure for a significant passive investor under the relevant SEC procedures.