Wu Lei 4
4 · GigaCloud Technology Inc · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
GigaCloud (GCT) CEO Wu Lei Sells 90,000 Shares
What Happened
- Wu Lei, CEO of GigaCloud Technology Inc. (GCT), sold a total of 90,000 shares in open-market transactions across March 16–18, 2026, generating about $3,875,440. The sales were executed under pre-arranged Rule 10b5‑1 trading plans.
- Daily breakdown: Mar 16 — 30,000 shares for ~$1,271,719 (avg ≈ $42.39); Mar 17 — 30,000 shares for ~$1,307,423 (avg ≈ $43.58); Mar 18 — 30,000 shares for ~$1,296,298 (avg ≈ $43.21). Overall weighted average price ≈ $43.06 per share.
- These were sales (S) — typically viewed as routine liquidity rather than a bullish signal from an insider purchase.
Key Details
- Transaction dates and per-share prices: Mar 16–18, 2026; individual trade prices ranged roughly from the low $42s to mid $44s (per-trade prices listed in the filing).
- Total sold: 90,000 shares for ~$3.88 million; overall weighted average ≈ $43.06.
- Shares owned after transaction: Not specified in the excerpt provided.
- Notable footnotes from the filing:
- Trades were made pursuant to 10b5‑1 trading plans (pre-arranged sales).
- The filing notes Class B ordinary shares are convertible into Class A shares and that Mr. Wu may be deemed an indirect beneficial owner of certain shares held by affiliated entities.
- The report includes a standard disclaimer that it should not be viewed as an admission of beneficial ownership for all purposes.
- Timeliness: Transactions reported with a Form 4 filed March 18, 2026 for trades on March 16–18 — appears to be filed within the usual Form 4 reporting window.
Context
- Sales under 10b5‑1 plans are pre-scheduled and common for insiders managing liquidity or diversification; they do not necessarily indicate a change in the insider’s view of the company.
- No options exercise, gifts, or tax-withholding events were reported in the transactions summarized above.
Insider Transaction Report
Form 4
Wu Lei
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F2][F3][F4][F5]2026-03-16$42.38/sh−29,510$1,250,634→ 180,490 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F6][F3][F4][F5]2026-03-16$43.03/sh−490$21,085→ 180,000 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F7][F3][F4][F5]2026-03-17$43.05/sh−17,280$743,904→ 162,720 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F8][F3][F4][F5]2026-03-17$44.06/sh−9,185$404,691→ 153,535 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F9][F3][F4][F5]2026-03-17$44.93/sh−3,535$158,828→ 150,000 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F10][F3][F4][F5]2026-03-18$43.12/sh−25,427$1,096,412→ 124,573 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F11][F3][F4][F5]2026-03-18$43.71/sh−4,573$199,886→ 120,000 total(indirect: By LLC)
Holdings
- 7,276,732(indirect: By LLC)
Class B Ordinary Shares, par value $0.05 per share
[F12][F3][F5][F13]→ Class A Ordinary Shares, par value $0.05 per share (7,276,732 underlying)
Footnotes (13)
- [F1]The shares were sold pursuant to the 10b5-1 plans.
- [F10]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.
- [F11]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.
- [F12]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.
- [F13]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.