Frank Hurst Lin - Jun 11, 2024 Form 4 Insider Report for GigaCloud Technology Inc (GCT)

Signature
/s/ Matthew C. Bonner, attorney-in-fact for Frank Hurst Lin
Stock symbol
GCT
Transactions as of
Jun 11, 2024
Transactions value $
-$8,803,192
Form type
4
Date filed
6/13/2024, 06:06 PM
Previous filing
May 20, 2024
Next filing
Jun 17, 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 -$5.53M -167K -3.18% $33.12 5.08M Jun 11, 2024 By DCM IV, L.P., DCM Affiliates Fund IV, L.P., DCM IX, L.P. and DCM Affiliates Fund IX, L.P. F1, F2, F3, F4, F5, F6, F7
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$283K -8.34K -0.16% $33.90 5.07M Jun 11, 2024 By DCM IV, L.P., DCM Affiliates Fund IV, L.P., DCM IX, L.P. and DCM Affiliates Fund IX, L.P. F1, F3, F4, F5, F6, F7, F8
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$2.59M -79.6K -1.57% $32.48 4.99M Jun 12, 2024 By DCM IV, L.P., DCM Affiliates Fund IV, L.P., DCM IX, L.P. and DCM Affiliates Fund IX, L.P. F3, F4, F5, F6, F7, F9, F10
transaction GCT Class A Ordinary Shares, par value $0.05 per share Sale -$409K -12.2K -0.24% $33.57 4.98M Jun 12, 2024 By DCM IV, L.P., DCM Affiliates Fund IV, L.P., DCM IX, L.P. and DCM Affiliates Fund IX, L.P. F3, F4, F5, F6, F7, F9, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An aggregate of 170,834 class A ordinary shares was sold by DCM IV, L.P ("DCM IV") and an aggregate of 4,344 class A ordinary shares was sold by DCM Affiliates Fund IV, L.P. ("Affiliates IV") on June 11, 2024.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $32.85 and the highest price at which shares were sold was $33.84.
F3 Includes class A ordinary shares directly held by each of DCM IV, Affiliates IV, DCM IX, L.P. ("DCM IX") and DCM Affiliates Fund IX, L.P. ("Affiliates IX").
F4 DCM Investment Management IV, L.P. ("DGP IV") is the general partner of each of DCM IV and Affiliates IV. DCM International IV, Ltd. ("UGP IV") is the general partner of DGP IV. DGP IV and UGP IV may each be deemed to have sole voting and investment power over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM IV and Affiliates IV.
F5 DCM Investment Management IX, L.P. ("DGP IX") is the general partner of each of DCM IX and Affiliates IX. DCM International IX, Ltd. ("UGP IX") is the general partner of DGP IX. DGP IX and UGP IX may each be deemed to have sole voting and investment power over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM IX and Affiliates IX.
F6 DGP IV, UGP IV, DGP IX, UGP IX, Lin and Bonner each disclaim beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. 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 or for any other purpose.
F7 Frank Hurst Lin ("Lin") and Matthew C. Bonner ("Bonner") are the directors of UGP IV and UGP IX and may each be deemed to have share voting and investment power with DGP IV, UGP IV and DGP IX and UGP IX over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM IV, Affiliates IV, DCM IX and Affiliates IX.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $33.855 and the highest price at which shares were sold was $33.97.
F9 An aggregate of 89,505 class A ordinary shares was sold by DCM IV and an aggregate of 2,276 class A ordinary shares was sold by Affiliates IV on June 12, 2024.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $32.07 and the highest price at which shares were sold was $33.03.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $33.11 and the highest price at which shares were sold was $33.76.

Remarks:

1. Lin serves on the board of directors of the Issuer. 2. Matthew C. Bonner signs as attorney-in-fact for each of Lin, DCM IV, Affiliates IV, DGP IV, UGP IV, DCM IX, Affiliates IX, DGP IX and UGP IX pursuant to a Power of Attorney which was included in the Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission on August 29, 2023.