Xin Wan - Mar 28, 2024 Form 4 Insider Report for GigaCloud Technology Inc (GCT)

Role: Chief Technology Officer
Signature: /s/ David Kwok Hei Lau, Attorney-in-fact
Stock symbol: GCT
Transactions as of: Mar 28, 2024
Transactions value $: -$4,088,709
Form type: 4
Date filed: 4/1/2024, 09:59 PM
Previous filing: Jan 2, 2024
Next filing: Apr 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$1.18M	-44K	-4.01%	$26.81	1.05M	Mar 28, 2024	By Dongsi Tou Tiao Limited	F1
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$1.17M	-42K	-3.99%	$27.88	1.01M	Mar 28, 2024	By Dongsi Tou Tiao Limited	F1
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$1.74M	-64K	-6.33%	$27.16	948K	Mar 28, 2024	By Dongsi Tou Tiao Limited	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Class A Ordinary Shares held by Dongsi Tou Tiao Limited, a company incorporated in British Virgin Islands, for Mr. Xin Wan ("Mr. Wan"). Dongsi Tou Tiao Limited is controlled and managed by Dongsi Tou Tiao Trust, a trust established under a trust deed dated July 13, 2021 between GigaCloud Technology Inc and Futu Trustee as trustee. The trust's beneficiaries are certain directors and executive officers of the Issuer, including Mr. Xin Wan, who are the participants of the Issuer's 2008 Share Incentive Plan and 2017 Share Incentive Plan. The trust deed provides that the trustee shall not exercise the voting rights attached to the Issuer's shares held by Dongsi Tou Tiao Limited, or the investment and dispositive power, unless otherwise directed by the advisory committee of the trust. Mr. Wan disclaims the beneficial ownership of the Issuer's shares held by Dongsi Tou Tiao Limited, except to the extent of any pecuniary interest therein.

Content

Represents Class A Ordinary Shares held by Dongsi Tou Tiao Limited, a company incorporated in British Virgin Islands, for Mr. Xin Wan ("Mr. Wan"). Dongsi Tou Tiao Limited is controlled and managed by Dongsi Tou Tiao Trust, a trust established under a trust deed dated July 13, 2021 between GigaCloud Technology Inc and Futu Trustee as trustee. The trust's beneficiaries are certain directors and executive officers of the Issuer, including Mr. Xin Wan, who are the participants of the Issuer's 2008 Share Incentive Plan and 2017 Share Incentive Plan. The trust deed provides that the trustee shall not exercise the voting rights attached to the Issuer's shares held by Dongsi Tou Tiao Limited, or the investment and dispositive power, unless otherwise directed by the advisory committee of the trust. Mr. Wan disclaims the beneficial ownership of the Issuer's shares held by Dongsi Tou Tiao Limited, except to the extent of any pecuniary interest therein.