Wu Lei 4
4 · GigaCloud Technology Inc · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
GigaCloud (GCT) CEO Wu Lei Sells 60,000 Shares
What Happened
- Wu Lei, CEO of GigaCloud Technology Inc. (GCT), sold 60,000 Class A shares in open-market transactions on March 19–20, 2026 for total proceeds of about $2.45 million. Individual sales: 16,763 @ $40.98, 10,756 @ $41.69, 2,481 @ $42.54, 25,648 @ $40.06, and 4,352 @ $41.29.
- Those sales were executed pursuant to a 10b5-1 trading plan (the plan adopted Sept 24, 2025 has completed and ended). Separately, Mr. Wu re-titled shares: 60,000 Class A shares and 125,000 Class B shares were moved from indirect holdings (via Ji Xiang Hu Tong Holdings Limited) to his direct ownership (these were transfers, not market purchases or sales).
Key Details
- Dates and prices: March 19–20, 2026; sale prices ranged roughly $40.06–$42.54; total proceeds ≈ $2.45M.
- Transfer details: 60,000 Class A shares and 125,000 Class B shares were transferred from indirect to direct ownership (total 185,000 shares re-titled). The 125,000 Class B shares are noted as convertible into Class A shares at no cost.
- Transaction codes: "S" = sale (open market); "J" = other acquisition/disposition (internal transfer). The 125,000 Class B entries are reported as derivative-related transfers.
- 10b5-1: Sales were pre-planned under a 10b5-1 plan; the plan is now complete.
- Filing timeliness: Form 4 filed March 20, 2026 (no late-filing flag present).
Context
- These sales appear routine given they were executed under a 10b5-1 plan; such pre-arranged plans are commonly used to avoid trading based on material nonpublic information.
- The transfers moved shares from indirect to direct holdings and did not change Mr. Wu’s overall economic exposure (Class B shares are convertible to Class A). Transfers and internal re-titling don’t necessarily signal a change in insider sentiment.
- No option exercises, new purchases, or awards were reported in this filing.
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]2026-03-19$40.98/sh−16,763$686,948→ 103,237 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F6][F3][F4][F5]2026-03-19$41.69/sh−10,756$448,418→ 92,481 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F7][F3][F4][F5]2026-03-20$42.54/sh−2,481$105,542→ 90,000 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F8][F3][F4][F5]2026-03-20$40.06/sh−25,648$1,027,459→ 64,352 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F9][F3][F4][F5]2026-03-20$41.29/sh−4,352$179,694→ 60,000 total(indirect: By LLC) - Other
Class A Ordinary Shares, par value $0.05 per share
[F10][F3][F4][F5]2026-03-19−60,000→ 0 total(indirect: By LLC) - Other
Class A Ordinary Shares, par value $0.05 per share
[F10]2026-03-19+60,000→ 60,000 total - Other
Class B Ordinary Shares, par value $0.05 per share
[F11][F12][F3][F5][F13]2026-03-18−125,000→ 7,151,732 total(indirect: By LLC)→ Class A Ordinary Shares, par value $0.05 per share (125,000 underlying) - Other
Class B Ordinary Shares, par value $0.05 per share
[F11][F12][F5]2026-03-18+125,000→ 125,000 total→ Class A Ordinary Shares, par value $0.05 per share (125,000 underlying)
Footnotes (13)
- [F1]The shares were sold pursuant to the 10b5-1 plans. Following the transactions reported on this Form 4, the trading plan adopted on September 24, 2025 has ended due to its completion.
- [F10]Represents the transfer of 60,000 Class A Ordinary Shares indirectly held by Mr. Wu via Ji Xiang Hu Tong Holdings Limited to directly held by Mr. Wu.
- [F11]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.
- [F12]Represents the transfer of 125,000 Class B Ordinary Shares indirectly held by Mr. Wu via Ji Xiang Hu Tong Holdings Limited to directly held by Mr. Wu.
- [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 $40.39 and the highest price at which shares were sold was $41.38.
- [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 $41.39 and the highest price at which shares were sold was $42.38.
- [F7]Represents the weighted average sale price. The lowest price at which shares were sold was $42.43 and the highest price at which shares were sold was $42.74.
- [F8]Represents the weighted average sale price. The lowest price at which shares were sold was $39.47 and the highest price at which shares were sold was $40.46.
- [F9]Represents the weighted average sale price. The lowest price at which shares were sold was $41.00 and the highest price at which shares were sold was $42.14.