GigaCloud (GCT) CEO exercises 120,000 Class A shares via conversion

Rhea-AI Filing Summary

GigaCloud Technology Inc director and CEO Lei Wu reported exercising derivative securities to acquire additional Class A Ordinary Shares. On Class B Ordinary Shares, a derivative exercise converted 120,000 underlying shares into 120,000 Class A Ordinary Shares at an exercise price of $0.00 per share.

Following the transactions on Class A Ordinary Shares, Wu directly holds 180,000 Class A Ordinary Shares. He also directly holds 5,000 Class B Ordinary Shares. In addition, 7,151,732 Class B Ordinary Shares are held indirectly through Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, which are convertible at any time into an equal number of Class A Ordinary Shares at no cost.

Insider Trade Summary 10b5-1

120,000 shares exercised/converted

Mixed 3 txns

Insider Wu Lei, JI XIANG HU TONG HOLDINGS LTD, SHAN LAO HU TONG LLC

Role Chief Executive Officer | Chief Executive Officer | Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Class B Ordinary Shares, par value $0.05 per share	120,000	$0.00	--
Exercise	Class A Ordinary Shares, par value $0.05 per share	120,000	$0.00	--
holding	Class B Ordinary Shares, par value $0.05 per share	--	--	--

Holdings After Transaction: Class B Ordinary Shares, par value $0.05 per share — 5,000 shares (Direct); Class A Ordinary Shares, par value $0.05 per share — 180,000 shares (Direct); Class B Ordinary Shares, par value $0.05 per share — 7,151,732 shares (Indirect, By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited)

Footnotes (1)

1. 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. 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. 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. Mr. Wu also controls TALENT BOOM GROUP 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 and TALENT BOOM GROUP LIMITED.

Key Figures

Derivative exercise: 120,000 shares Exercise price: $0.00 per share Direct Class A holding: 180,000 shares +3 more

6 metrics

Derivative exercise 120,000 shares Underlying Class A Ordinary Shares acquired from Class B on March 30, 2026

Exercise price $0.00 per share Exercise or conversion of derivative security into Class A Ordinary Shares

Direct Class A holding 180,000 shares Total Class A Ordinary Shares directly held following the transaction

Direct Class B holding 5,000 shares Class B Ordinary Shares directly held following the derivative exercise

Indirect Class B holding 7,151,732 shares Class B Ordinary Shares held via Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited

Convertible underlying shares 7,151,732 shares Underlying Class A Ordinary Shares associated with indirect Class B holdings

Key Terms

Class B Ordinary Shares, Class A Ordinary Shares, derivative security, indirect beneficial owner, +1 more

5 terms

Class B Ordinary Shares financial

"Represents Class B ordinary shares, par value of US$0.05 per share, of the Issuer"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

Class A Ordinary Shares financial

"underlying Security Title: Class A Ordinary Shares, par value $0.05 per share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

indirect beneficial owner financial

"Mr. Wu may be deemed to be an indirect beneficial owner of the securities"

Section 16 of Securities Exchange Act of 1934 regulatory

"for purposes of Section 16 of Securities Exchange Act of 1934, as amended"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wu Lei

(Last) (First) (Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE CALIFORNIA 91731

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [ GCT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares, par value $0.05 per share	03/30/2026		M		120,000	A	$0	180,000	D(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares, par value $0.05 per share	(2)	03/30/2026		M			120,000	(2)	(2)	Class A Ordinary Shares, par value $0.05 per share	120,000	(2)	5,000	D(1)
Class B Ordinary Shares, par value $0.05 per share	(2)							(2)	(2)	Class A Ordinary Shares, par value $0.05 per share	7,151,732		7,151,732	I	By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited(1)(3)(4)

1. Name and Address of Reporting Person^*

Wu Lei

(Last) (First) (Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE CALIFORNIA 91731

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

1. Name and Address of Reporting Person^*

JI XIANG HU TONG HOLDINGS LTD

(Last) (First) (Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE CALIFORNIA 91731

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

1. Name and Address of Reporting Person^*

SHAN LAO HU TONG LLC

(Last) (First) (Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRELY AVENUE

(Street)

EL MONTE CALIFORNIA 91731

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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. Mr. Wu also controls TALENT BOOM GROUP 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 and TALENT BOOM GROUP LIMITED.

Remarks:

	/s/ Lei Wu	04/01/2026
	/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director	04/01/2026
	/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did GigaCloud (GCT) report for Lei Wu on this Form 4?

Lei Wu reported exercising derivative securities to acquire 120,000 Class A Ordinary Shares from Class B Ordinary Shares at an exercise price of $0.00 per share. After these transactions, he directly holds 180,000 Class A Ordinary Shares and 5,000 Class B Ordinary Shares.

How many GigaCloud (GCT) Class A shares does Lei Wu hold after the reported transactions?

After the reported derivative exercise, Lei Wu directly holds 180,000 Class A Ordinary Shares. These shares result from converting 120,000 underlying shares from Class B Ordinary Shares, combined with his prior direct holdings as reflected in the total shares following the transaction.

What is the size of Lei Wu’s indirect Class B Ordinary Share holdings in GigaCloud (GCT)?

Indirectly, 7,151,732 Class B Ordinary Shares are reported as held through Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited. These Class B Ordinary Shares are convertible at any time into an equal number of Class A Ordinary Shares at no cost, according to the disclosure.

Are GigaCloud (GCT) Class B Ordinary Shares convertible into Class A Ordinary Shares?

Yes. The filing states that 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. This gives the holder flexibility to switch from Class B to Class A on a one-for-one basis.

How are Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited related to Lei Wu’s GigaCloud (GCT) holdings?

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. Due to these relationships, he may be deemed an indirect beneficial owner of securities held by Ji Xiang Hu Tong Holdings Limited, as described.

Does the Form 4 state that Lei Wu is the beneficial owner of all reported GigaCloud (GCT) securities?

The filing includes a statement that the report shall not be deemed an admission that any of the reporting persons is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose, providing a formal ownership disclaimer.