Wu Lei 4

What Happened
Wu Lei, GigaCloud Technology Inc.'s CEO, reported open‑market sales totaling 21,910 shares for proceeds of approximately $892,141. The sales occurred under 10b5‑1 trading plans and were reported for Jan 20–22, 2026. The reported trades (per trade): Jan 20 — 1,700 shares @ $40.01 ($68,017); Jan 21 — 210 shares @ $40.26 ($8,455); Jan 22 — 15,952 shares @ $40.66 ($648,608); Jan 22 — 4,048 shares @ $41.27 ($167,061). The Form 4 also lists identical transactions by Ji Xiang Hu Tong Holdings Ltd and Shan Lao Hu Tong LLC, entities that footnotes show are affiliated with Mr. Wu.

Key Details

• Transaction dates and prices: Jan 20 (1,700 @ $40.01), Jan 21 (210 @ $40.26), Jan 22 (15,952 @ $40.66; 4,048 @ $41.27). Total proceeds ≈ $892,141.
• Transactions were sales (code S) executed via open‑market under 10b5‑1 plans (footnote F1).
• Reporting persons: Wu Lei (individual) and two affiliated entities (Ji Xiang Hu Tong Holdings Ltd; Shan Lao Hu Tong LLC). Footnotes state Mr. Wu is sole member/manager of Shan Lao Hu Tong LLC, which is sole shareholder of Ji Xiang Hu Tong (F3).
• Share class notes: filings reference Class A and Class B ordinary shares; Class B are convertible 1:1 to Class A (F4, F9).
• Weighted‑average and price ranges are reported in footnotes (F2, F6–F8) showing low/high sale prices in the ~$40.00–$41.45 range.
• Shares owned after the transactions are not provided in the summary you supplied.
• Filing was submitted on Jan 22, 2026 covering trades from Jan 20–22; based on those dates the Form 4 appears to have been filed within the required two business days (i.e., timely).

Context
Sales made under a 10b5‑1 plan are typically pre‑arranged and do not necessarily signal a change in the insider’s view of the company; they are commonly used to execute routine dispositions. These transactions are disposals (not purchases), so they are generally less informative about bullish insider conviction than open‑market buys. The filing’s footnotes clarify the ownership structure (indirect holdings via affiliated entities) and conversion rights between share classes, which matter for understanding beneficial ownership but do not change the fact these were scheduled sales.