Lei Wu - May 15, 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
May 15, 2024
Transactions value $
-$1,014,043
Form type
4
Date filed
5/17/2024, 09:25 PM
Previous filing
May 15, 2024
Next filing
May 21, 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 -$330K -9.42K -6.61% $35.00 133K May 15, 2024 By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited F1, F2, F3, F4, F5
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$132K -3.68K -2.77% $35.83 129K May 15, 2024 By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited F1, F3, F4, F5, F6
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$40.6K -1.08K -0.84% $37.52 128K May 15, 2024 By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited F1, F3, F4, F5, F7
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$94.2K -2.66K -2.08% $35.35 126K May 16, 2024 By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited F1, F3, F4, F5, F8
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$377K -10.4K -8.3% $36.14 115K May 16, 2024 By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited F1, F3, F4, F5, F9
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$40.2K -1.08K -0.94% $37.09 114K May 16, 2024 By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings 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 May 15, 2024 Class A Ordinary Shares, par value $0.05 per share 8.08M By Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited 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 $34.6 and the highest price at which shares were sold was $35.59.
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 $35.6 and the highest price at which shares were sold was $36.3.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $36.74 and the highest price at which shares were sold was $38.6.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $34.86 and the highest price at which shares were sold was $35.84.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $35.86 and the highest price at which shares were sold was $36.80.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $36.86 and the highest price at which shares were sold was $37.35.
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.