Lei Wu - Apr 25, 2024 Form 4 Insider Report for GigaCloud Technology Inc (GCT)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Lei Wu
Stock symbol: GCT
Transactions as of: Apr 25, 2024
Transactions value $: -$3,168,491
Form type: 4
Date filed: 4/29/2024, 09:49 PM
Previous filing: Apr 26, 2024
Next filing: May 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	Sale	-$141K	-4.1K	-0.46%	$34.50	882K	Apr 25, 2024	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED	F1, F2, F3, F4, F5
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$239K	-6.75K	-0.77%	$35.47	875K	Apr 25, 2024	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED	F1, F3, F4, F5, F6
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$1.21M	-33.2K	-3.79%	$36.45	842K	Apr 25, 2024	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED	F1, F3, F4, F5, F7
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$1.16M	-32.5K	-3.86%	$35.68	809K	Apr 26, 2024	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED	F1, F3, F4, F5, F8
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$410K	-11.2K	-1.39%	$36.47	798K	Apr 26, 2024	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED	F1, F3, F4, F5, F9
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Sale	-$11.2K	-300	-0.04%	$37.32	798K	Apr 26, 2024	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED	F1, F3, F4, F5, F10

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
holding	GCT	Class B Ordinary Shares, par value $0.05 per share						8.08M	Apr 25, 2024	Class A Ordinary Shares, par value $0.05 per share	8.08M		By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED	F3, F5, F11, F12

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The shares were sold pursuant to the 10b5-1 plans.
F2	Represents the weighted average sale price. The lowest price at which shares were sold was $33.99 and the highest price at which shares were sold was $34.89.
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. Mr. Wu also controls TALENT BOOM GROUP 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 and TALENT BOOM GROUP 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 and TALENT BOOM GROUP 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 $35.04 and the highest price at which shares were sold was $36.00.
F7	Represents the weighted average sale price. The lowest price at which shares were sold was $36.1 and the highest price at which shares were sold was $36.98.
F8	Represents the weighted average sale price. The lowest price at which shares were sold was $35.18 and the highest price at which shares were sold was $36.175.
F9	Represents the weighted average sale price. The lowest price at which shares were sold was $36.18 and the highest price at which shares were sold was $37.10.
F10	Represents the weighted average sale price. The lowest price at which shares were sold was $37.21 and the highest price at which shares were sold was $37.43.
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 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 and TALENT BOOM GROUP LIMITED.