GigaCloud (NASDAQ: GCT) CEO-linked entities sell 90,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
GigaCloud Technology Inc insider entities associated with Chief Executive Officer Lei Wu reported open‑market sales of 90,000 Class A Ordinary Shares over several trades from March 16 to March 18, 2026. The shares were sold indirectly by Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited at prices between $42.38 and $44.93 per share pursuant to pre‑arranged Rule 10b5‑1 trading plans.
Following these transactions, the reporting entities continue to hold 120,000 Class A Ordinary Shares indirectly and 7,276,732 Class B Ordinary Shares, which are convertible at no cost into an equal number of Class A shares. The filing notes that Mr. Wu may be deemed an indirect beneficial owner but disclaims beneficial ownership for certain legal purposes.
Positive
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Negative
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares, par value $0.05 per share | 25,427 | $43.12 | $1.10M |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 4,573 | $43.71 | $200K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 17,280 | $43.05 | $744K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 9,185 | $44.06 | $405K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 3,535 | $44.93 | $159K |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 29,510 | $42.38 | $1.25M |
| Sale | Class A Ordinary Shares, par value $0.05 per share | 490 | $43.03 | $21K |
| 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 $41.96 and the highest price at which shares were sold was $42.95. 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 $42.98 and the highest price at which shares were sold was $43.13. Represents the weighted average sale price. The lowest price at which shares were sold was $42.61 and the highest price at which shares were sold was $43.60. Represents the weighted average sale price. The lowest price at which shares were sold was $43.61 and the highest price at which shares were sold was $44.60. Represents the weighted average sale price. The lowest price at which shares were sold was $44.63 and the highest price at which shares were sold was $45.37. Represents the weighted average sale price. The lowest price at which shares were sold was $42.59 and the highest price at which shares were sold was $43.58. Represents the weighted average sale price. The lowest price at which shares were sold was $43.59 and the highest price at which shares were sold was $44.05. 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.