Xin Wan - Apr 10, 2024 Form 4 Insider Report for GigaCloud Technology Inc (GCT)

Role: Chief Technology Officer
Signature: /s/ David Kwok Hei Lau, Attorney-in-fact, for each of the reporting persons named herein
Stock symbol: GCT
Transactions as of: Apr 10, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/12/2024, 08:44 PM
Previous filing: Apr 1, 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	Award	$0	+10K		$0.00	10K	Apr 10, 2024	By FAITHFUL WINNER HOLDINGS LIMITED	F1, F2, F3
holding	GCT	Class A Ordinary Shares, par value $0.05 per share						948K	Apr 10, 2024	By Dongsi Tou Tiao Limited	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GCT	Restricted Share Units	Award	$0	+10K		$0.00	10K	Apr 10, 2024	Class A Ordinary Shares, par value $0.05 per share	10K		By FAITHFUL WINNER HOLDINGS LIMITED	F2, F3, F5, F6

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

Explanation of Responses:

Id	Content
F1	Represents Issuer's Class A ordinary shares issued pursuant to restricted share units granted to the Reporting Person under the Issuer's 2017 share incentive plan.
F2	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.
F3	The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of FAITHFUL WINNER HOLDINGS LIMITED and may be deemed to be an indirect beneficial owner of the securities held by FAITHFUL WINNER HOLDINGS LIMITED.
F4	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.
F5	Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Issuer when vested.
F6	The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.

Remarks:

Exhibit 24 - Power of Attorney.